Berkwood Resources acquires land at Lac Gueret

Feb 27, 2018

2018-02-27 06:42 ET – News Release

Mr. Thomas Yingling reports

BERKWOOD INCREASES LANDHOLDING AT LAC GUERET PROJECT

Berkwood Resources Ltd. has increased its landholdings at the 100-per-cent-owned Lac Gueret project through the acquisition of 1137794 B.C. Ltd., a private B.C. company, The acquisition is an arm’s-length transaction in which the company will issue 2.8 million common shares by way of a share exchange agreement and a cash payment of $25,000. The issuance of the acquisition is subject to TSX Venture Exchange approval.

The recent acquisition takes Berkwood’s Lac Gueret land package to 25,180 hectares, by far the largest in the region. Additionally, the recently acquired land includes coverage of an electromagnetic anomaly that is associated with Mason Graphite’s Lac Gueret project.

As previously reported, Berkwood is currently proceeding with phase 3 drilling. The drilling continues to develop and define the zone 1 graphite zone.

Lac Gueret South zone 1

Lac Gueret South is located in Cote Nord, Quebec, a three-hour drive from Baie-Comeau in an area with very good infrastructure. The project lies directly south of Mason Graphite’s advanced Lac Gueret project. Mason is developing one of the largest medium- to high-grade graphite deposits in the world.

Edward Lyons, PGeo (British Columbia, Quebec, Newfoundland and Labrador), is a qualified person under the definition of National Instrument 43-101 and has approved the technical information in this news release. He has worked extensively on the Lac Gueret property, now owned by Mason, and neighbouring graphite properties since 2000.

About Berkwood Resources Ltd.

Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools.

We seek Safe Harbor.

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