(via Thenewswire.ca)

Berkwood Resources Ltd. (TSX-V: BKR) ("Berkwood" or the "Company") has closed its previously announced non-brokered private placement by issuing 2,298,111 flow-through common shares at a price of $0.09 per flow-through share for gross proceeds of $206,830 and 1,103,000 units at a price of $0.075 cents per unit for gross proceeds of $82,725, for combined gross proceeds of $289,555. Each unit consists of one common share plus one-half of one share purchase warrant with each warrant entitling the holder to purchase one additional common share of the Company at $0.10 cents per share for the period of two years. For further information regarding the financing, please see the Company's press releases that were issued on November 1 and November 9, 2012.

The proceeds of this private placement will be used for exploration programs, acquisition of properties and general working capital. Finder's fees consisting of $13,456.40 and $1,080 in cash and 42,240 units were paid in accordance with the policies of the TSX Venture Exchange. The shares and warrants issued by the Company are subject to a four month hold period, which expires on April 29, 2013.

If you are not currently on the Berkwood Resources news and updates list, you can opt-in via the Berkwood website at http://www.berkwoodresources.com/contact.html. News Releases and exploration updates are emailed to list members who wish to keep up to date with Berkwood Resources and our projects.

On Behalf of Berkwood Resources

"Brian Buchanan"

Brian Buchanan, President and Director

For additional information please contact:

Karim Sayani, Corporate Communications

Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com

Tom Steer, Media Relations Manager

Tel: (604) 681-5566 E-mail: tomsteer@berkwoodresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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