Berkwood Acquires Peter Lake Copper Property in Quebec

Berkwood Resources Ltd. (TSXV:BKR) announced that it has signed a Property Option Agreement with Groupe Ressources Geomines Inc. to earn a 100%-interest in the Peter Lake Copper Property near Mont-Laurier, Quebec. The property consists of 24 claims over 1,403 hectares.

Highlights of the Property Option Agreement include:

Pursuant to the terms of the Agreement, Berkwood has the option to acquire a 100%-interest in the Property by making cash payments and issuing Berkwood securities, set forth as follows:

• $5,000 at the signing of the Agreement.
• $45,000 cash payment, and issue to the Vendor an aggregate of 750,000 common shares of Berkwood within fourteen days after the date of the approval of the TSX Venture Exchange.
• $50,000 cash payment to the Vendor twelve months after the approval by the TSX Venture Exchange.

Click here to view the full press release.