Issue of Equity

Berkeley Resources Limited
13 April 2007



13 April 2007


                      PLACEMENT TO RAISE A$23.1M


NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.

THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO
PURCHASE OR SUBSCRIBE FOR ANY SECURITIES OF THE COMPANY IN THE UNITED STATES.
THE SECURITIES OF THE COMPANY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE
US SECURITIES ACT OF 1933, AS AMENDED (THE 'US SECURITIES ACT') OR ANY STATE
SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS THE
SECURITIES ARE REGISTERED UNDER THE U.S. SECURITIES ACT, OR AN EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OR THE U.S. SECURITIES ACT IS AVAILABLE.

The Directors of Berkeley Resources Limited (AIM: BKY.L) are pleased to advise
that the Company has agreed to issue 12.5 million new ordinary shares at a price
of A$1.85 (£0.77) per share, to institutional investors in Europe, the USA,
Canada and Australia.

The issue will raise A$23.1M (£9.65M) before expenses.

The funds will enable the Company to expand its exploration programs on its
substantial groundholding in Spain, as well as to pursue new business
development opportunities.

The placement was coordinated by RBC Capital Markets as lead manager and sole
bookrunner, with Mirabaud Securities Limited acting as co-manager.

Application will be made for the new shares to be admitted to trading on the ASX
and AIM and dealings are expected to commence on or around 30 April 2007.

Berkeley is the dominant independent uranium explorer in the Iberian Peninsular,
with over 240,000ha of exploration permits in the main uranium districts. The
Company recently announced its initial JORC compliant inferred resource of 11.9m
pounds of U3O8 at the Salamanca 1 project in Spain.


Enquiries -     Managing Director:  Matt  Syme     Telephone: [phone]
                        Email: [e-mail]
                RBC Capital Markets: Martin Eales             [phone]


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