CACERES 6-GAMBUTA

Berkeley Resources announced an initial inferred resource estimate of 9.23 million pounds of U3O8 for the Gambuta uranium deposit in the Cáceres Province of Spain, 165 km west-southwest of Madrid. The resources are containined within 11.29 Mt of ore at an average grade of 371 ppm U3O8 (at a 200 ppm cutoff). The Gambuta deposit is typical of a number of perigranitic, shale hosted uranium mineral occurrences within the Caceres VI licence. Uranium mineralization occurs within a sequence of strongly deformed Proterozoic spotted and banded grey to black phyllites which have been contact metamorphosed by Hercynian granites. The main mineralized horizon averages 9.4 m in thickness and occurs at an average depth of 18.0 m, beneath Tertiary cover and shales. A lower mineralized horizon averages 2.1 m in thickness and is separated from the main horizon by 16.3 m of shales. Drilling will resume at the end of the high risk fire season, which is anticipated to be early in October.

Announced further drill results at the Gambuta project. Highlights include: hole GAM-005: 3.0 m @ 0.0218% U3O8 from 705 m and 22.2 m @ 0.0541% U3O8 from 13.8 m.

Announced initial results of the first stage program of diamond and RC drilling at the Gambuta prospect in Cáceres province.Highlights include: hole GAM-002: 12.5 metres @ 0.0741% U3O8 from 0.0m and 4.0 metres @ 0.0997% U3O8 from 28.0m.