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Berkeley Energia Limited Capital/Financing Update 2011

Jul 24, 2011

14839_rns_2011-07-24_1982e06b-1bc4-448a-acc9-409e6ca0f7b7.pdf

Capital/Financing Update

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25 July 2011

ANNOUNCEMENT TO THE AUSTR ALIAN SECURITIES EXCHANGE

Initiation of Drilling at Berkeley´s 100% owned Retortillo deposit

Berkeley is pleased to announce it has initiated a drilling campaign at its 100% owned Retortillo deposit to upgrade Inferred Resources to Indicated level. Comprehensive metallurgical test work on Retortillo drill core will also commence shortly, with the two programs expected to lead onto the initiation of the Retortillo scoping study.

Managing Director, Brendan James, said “Initiating further works on our 100% owned Retortillo deposit confirm the Company’s strong commitment to develop uranium projects in Spain. In my role, I am committed to deliver all of our projects that exhibit strong returns within the Salamanca Region for the benefit of Berkeley Shareholders, and the people of Spain, particularly within the Salamanca Province.”

Enquiries - Managing Director: Brendan James Tel: +34 923 193 903 Capital Markets: Martin Eales Tel: +44 20 7029 7881

Berkeley Resources Ltd Level 2, 91 Havelock Street Tel: +61 8 9214 7585 ACN 052 468 569 West Perth WA 6872, AUSTRALIA Fax: +61 8 9214 7575

www.berkeleyresources.com.au