Berkley Completes Sale of Vancouver Office Building-Becomes Pure Oil and Gas Company and Debt Free

Berkley Resources Inc. (the "Company") (TSX VENTURE:BKS)(PINK
SHEETS:BRKDF)(FRANKFURT:W8O) announced today that it has completed the
previously announced sale of the Company's real estate assets consisting of an
office building located at 455 Granville Street, Vancouver, BC to
Pender-Granville Properties Limited Partnership (the "Purchaser").


Further to its release dated March 20, 2007 announcing the sale, the Company
received $4,000,000 gross proceeds from the sale. The Company did not extend
$500,000 in financing to the Purchaser as disclosed in the initial release.


This completes the transition into a pure oil & gas company with head offices in
Calgary. This is an important transition as not only does it complete the
transformation we have been working on for almost 2 years but it positions the
Company with a very strong balance sheet and zero debt, stated Lindsay Gorrill,
President.


The Company will use proceeds of the sale to pay-off $3.3 million of corporate
debt and for exploration and working capital. Berkley can now add value through
targeted opportunities with the strong balance sheet while continuing to add
production at Senex.


Berkley Resources Inc. is a Junior Oil & Natural Gas exploration, development
and production company based in Calgary, Alberta. The Company's operations are
focused in Western Canada. Berkley's shares are listed for trading on the TSX
Venture Exchange under the symbol BKS.