EXHIBIT 99.2


                             BERKLEY RESOURCES INC.
                           400 - 455 Granville Street
                                 Vancouver, B.C.
                                     V6C 1T1
                     Tel: (604) 682-3701 Fax: (604) 682-3600
                            www.berkleyresources.com
                            info@berkleyresources.com


November 25, 2004                             Trading Symbols: BKS - TSX Venture
                                                          BRKDF.PK - OTC BB (US)

                          PRIVATE PLACEMENT - $100,000


Berkley  Resources  Inc. (the  "Company")  has arranged a  non-brokered  private
placement  of up to  91,743  units  at a price  of  $1.09  per  unit  (the  "Non
Flow-Through  Offering"),  each unit consisting of one common share and one-half
of a non-transferable  share purchase warrant.  Each whole warrant under the Non
Flow-Through Offering will entitle the investor to purchase one additional share
at a price of $1.36 for two years from the date of closing.

The Company will pay finder fees in connection with this financing in accordance
with TSX Venture Exchange policy.

The net  proceeds  of the  offerings  will be used for general  working  capital
requirements.

The above transactions will be subject to regulatory approval.

On behalf of the Board of Directors
of Berkley Resources Inc.

"Matt Wayrynen"
Matt Wayrynen
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the content of this news release.





Forward  Looking  Information:  This news  release may  contain  forward-looking
statements including expectations of future production,  cash flow and earnings.
These  statements  are based on current  expectations  that  involve a number of
risks and  uncertainties,  which could cause actual results to differ from those
anticipated.  These risks include,  but are not limited to: the risks associated
with  the  oil  and  gas  industry  (e.g.,  operational  risks  in  exploration,
development  and  production;  delays  or  changes  in  plans  with  respect  to
exploration or development projects or capital expenditures;  the uncertainty of
reserve  estimates;  the  uncertainty of estimates and  projections  relating to
production, costs and expenses, and health, safety, and environmental risks), as
well as  commodity  prices and exchange  rate  fluctuations,  and  uncertainties
resulting from potential  delays or changes in plans with respect to exploration
or development projects or capital expenditures or governmental regulations.