Ubika Research Report on Berkwood Resources 40 Highlighted Interceptios.

Jul 3, 2018

Ubika Research has issued their report on Berkwood Resources Ltd, (TSX: BKR, FSE: BR2, WKN: A110N3).

Ubika Resources Ltd June 25, 2018 Report on Berkwood Resources Ltd.

Link to report:

(http://berkwoodresources.com/wp-content/uploads/2018/06/Ubika-Research-Berkwood-Initiation-Report-June-201.pdf)

The report includes a “back of the envelop” scenario and is not a NI 43-101 report. It is based on information that has been publicly posted. Berkwood has only drilled on an area that is 300m x 300m and is open in many directions.

Ubika Resource Estimate – Berkwood’s Lac Gueret Graphite Project.

Source: Ubika Research

Berkwood has large flake graphite (see March 8 2018 News Release) which is the desired graphite needed for the anodes in electric car batteries and is expected to sell for about $1300 US$/t as concentrate.

Valuation & Assumptions

“Mr. Ed Lyons, Berkword Resources Ltd’s QP, emphasizes that this report is not a 43-101 report. No metallurgy results are included and the results are based on information publicly available. Every user of information on this site is advised to seek professional advice before acting or omitting to act on any information contained in the site. Users of this report are cautioned that the company’s actual performance could differ materially from such forward-looking statements. The Company may choose to use other assumptions, including but not limited to graphite sale price, mineral processing, and mining costs, in deposit economic evaluations without advance notice to the public.” We stress to investors that our valuation remains highly sensitive to the price of graphite, as well as the grades and metallurgical complexity of the mineralization returned on the property. RISKS to valuation: On the Lac Gueret Extension Propety, there is currently no published 43-101 Resource Estimate (expected by Q1/2019), and no Economic Assessment. As well, metallurgy results are preliminary, and the Company does not have any definitive agreements with any end-suppliers. However, the Company has drilled 27 holes with 26 all hitting significant intersections of graphite. We also anticipate the Company will do an equity raise within a few months. Although, we highlight that there are numerous drill target opportunities on its large, relatively untouched, land package. These grades should fluctuate on an ongoing basis. As such, we plan to actively update our valuation as the project moves forward.

http://berkwoodresources.com/