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 December 13, 2004 Trading Symbols: BKS - TSX Venture BRKDF.PK - OTC BB (US) CLOSING OF PRIVATE PLACEMENT Berkley Resources Inc. (the "Company") announces that it has closed the private placement of 91,743 units (the "Units") at a price of $1.09 per Unit, as announced on November 25, 2004. Each Unit consists of one share and one-half of a non-transferable share purchase warrant. Each whole warrant will entitle the investor to purchase one additional share at a price of $1.36 until December 10, 2006. The Company paid s finder's fees of $6,000. The hold period for all securities issued under this private placement expires on April 10, 2005. On behalf of the Board of Directors of Berkley Resources Inc. "David Wolfin" David Wolfin VP, Finance The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.