Berkut Minerals Limited announced that assay results have been received and processed from the maiden diamond drill program at the 100% owned Skuterud Cobalt Project in Norway. This first phase drill program targeted depth and strike extensions of known cobalt workings and previously untested geological units that had been identified through recent field mapping and ground magnetic surveys. Cobalt and copper mineralisation was observed in all of the holes sampled at Middagshville with a pattern emerging of broad copper/cobalt haloes (e.g. 30m @ 0.15% Cu from 12m in MDV003 and 18m @ 0.04% Co from 35m in MDV002) hosting multiple higher-grade cobalt zones consistent with observations from the nearby Skuterud underground workings. These broad cobalt/copper haloes will be used as targeting vectors to potential higher-grade zones within the 6.3km long Skuterud trend. Based upon the received laboratory results, additional sampling will also be undertaken on un-sampled core intervals, where multiple intersections of anomalous cobalt/copper mineralisation have not been completely terminated by sampling. Only approximately 22% of the 1,325m of drilling was sampled in the November 2017 field season, with poor winter light conditions affecting visual field assessment of sampling intervals. The Middagshville region has spoil grab samples up to 0.8% Co and 0.5% Cu1 (associated with disseminated sulphides in quartz-mica schist) and hosts three interpreted repeats of the mine-sequence host lithologies (quartzites and mica-schists The November 2017 phase one drilling of six diamond holes for 1,192m at Middagshville has identified sulphide mineralisation typically occurring as 1 to 5% disseminated mixed sulphides and locally as concentrations up to 20% over a metre. The sulphide mineralogy consists mainly of pyrrhotite/pyrite, chalcopyrite, disseminated cobalt sulphides (cobaltite and linnaeite), and skutterudite with occasional occurrences of cobalt-rich stringers zones (<10mm). The presence of wide copper/cobalt anomalous haloes up to 35m wide (true thickness), with repetitions over a 65m width demonstrate that a broad alteration system can be targeted. This is the first known drilling to test the highly prospective 6.3km strike trend north of the historic Skuterud Cobalt Mine. This initial drilling has tested less than 3% of the prospective strike trend. Results from this first phase of drilling will feed into subsequent phases of exploration in 2018 with follow up surface sampling, downhole and surface geophysics, and drilling envisaged based upon a stepwise interpretation of results. A single hole (DVK001 - 102m) was also drilled to test the historical Dovikollen Cobalt Mine which is in the northern Skuterud licence region. No assays have been received from this hole as yet as the drill core will be sampled in First Quarter 2018 and sent for analysis. The next phases of exploration at Skuterud will focus on expanding the footprint of prospective mineralised units within the licence areas. Efforts in the Middagshville region will focus on defining a potential high-grade core or plunge position. The next phase of field work (timing dependent on weather constraints ­ expected by Second Quarter 2018) will consist of soil geochemistry and additional detailed mapping to assist with geological and structural interpretations. Suitable geophysical methods will also be undertaken, in consultation with geophysical consultants. It is envisaged that surface IP surveys and a combination of downhole EM, resistivity and magnetics can be effective in providing geophysical vectors to focus future drilling programs. Infill and extension sampling of the 2017 phase one drilling will also be conducted early in the year. This work will lead into drill targeting for an envisaged Phase 2 program later in the year. Further mapping in the central licence area is required to better define the known mineralisation around the historic Djupedal workings and to identify further geological targets. Mapping completed in the northern licence around the Dovikollen Prospect indicates a degree of structural complexity and a higher metamorphic grade than at the southern prospects. The single hole drilled at the Dovikollen Prospect will be sampled and sent for analysis which will provide significant geological information to better understand the prospect within the regional context.