CARNABY RESOURCES LIMITED — Capital/Financing Update 2016

Aug 28, 2016

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Updated Statement of Financial Position

The following is an updated statement of financial position for Berkut Minerals Limited ( Company ) based on actual funds raised ($3,500,000) under the prospectus issued by the Company dated 22 July 2016:

30 June 2016	$
ASSETSCURRENT ASSETSCash and cash equivalentsDeposits paid for exploration tenementsGST RecoverableTOTAL CURRENT ASSETSTOTAL ASSETSLIABILITIESCURRENT LIABILITIESTrade and other payablesTOTAL CURRENT LIABILITIESTOTAL LIABILITIESNET ASSETSEQUITYContributed equityReservesRetained lossesTOTAL EQUITY	3,559,84020,1293,241
	3,583,210
	3,583,210
	60,830
	60,830
	60,830
	3,522,380
	3,614,446105,816(197,882)
	3,522,380

For and on Behalf of the Board

Melanie Li Company Secretary

Berkut Minerals Limited

Berkut Minerals Limited ACN 610 855 064 78 Churchill Avenue Subiaco Western Australia T: +61 8 9286 6399 F: +61 8 9286 6333