BKS Berkley Renewables Inc

Berkley Renewables Inc. ("Berkley ") (CNSX:BKS)(FRANKFURT:WKN 871666)(BERLIN:WKN
871666) announced today that Solar Flow-Through 2012-I Limited Partnership
("Solar Flow-Through"), a limited partnership established by Berkley under laws
of British Columbia, has completed the initial tranche of a private placement
unit financing led by Macquarie Private Wealth Inc. The financing consists of up
to a total of 100,000 units of Solar Flow-Through offered at a price of CDN$100
per unit, and 20,027 Limited Partnership units were issued in the first tranche
for gross proceeds to Solar Flow-Through of CDN$2,027,000. A second tranche of
the placement is expected to close on or before December 20, 2012.


The funds from the private placement financing will be used by Solar
Flow-Through to develop and operate solar power generation projects in the
Province of Ontario under the Ontario Power Authority's (OPA) Feed-in-Tariff
(FIT) program. FIT contracts provide fixed purchase rates for solar power and
are guaranteed by the OPA for 20 years. 


Berkley owns 95% of Solar Flow-Through General Partner Ltd., the general partner
of Solar Flow-Through (the "General Partner"), as well as Solar Flow-Through
Management Ltd., the manager of Solar Flow-Through (the "Manager"). The General
Partner is responsible for approving and monitoring Solar Flow-Through's various
service providers, including the Manager. The Manager directs the affairs of,
and provides day-to-day management services to, Solar Flow-Through. In exchange
for its services, the Manager will receive an annual management fee equal to
1.5% of the amount invested by Solar Flow-Through in power generation projects,
including borrowed amounts. Berkley, as 95% holder of the Manager, will be
entitled to 95% of the profits generated by the Manager.


Berkley Renewables Inc. is a growth-oriented oil and gas issuer also pursuing
renewable energy opportunities, primarily in the solar energy sector. Please
visit our website at www.berkleyrenewables.com. For more information about Solar
Flow-Through's business, please visit www.solarflowthrough.com.


ON BEHALF OF THE BOARD

Matt Wayrynen, President and Chief Executive Officer

This release may contain statements that are considered as forward-looking
statements and are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and elsewhere in the
Company's periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. The Company does not assume the
obligation to update any forward-looking statement. This press release does not
constitute an offer to sell, nor is it a solicitation of an offer to buy,
securities.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Berkley Renewables Inc.
Matt Wayrynen
604.682.3701
604.682.3600 (FAX)
info@berkleyrenewables.com
www.berkleyrenewables.com

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