Completion of 2nd Tranche of Placement

7 March 2011

BERKELEY RESOURCES LIMITED

Completion of 2nd Tranche of Placement

The Company advises that the 2nd Tranche of the Placement Securities was completed today, with the issue of 15,360,000 Shares issued at an issue price of $1.70 per share.

Following the Issue the Company has 174,298,148 Shares on Issue.

Enquiries: Acting Managing Director: Henry Horne Tel: +34 673 497 712

RBC Capital Markets: Martin Eales Tel: +44 20 7029 7881

A full version of this announcement including images can be downloaded from Berkeley's website at www.berkeleyresources.com.au.