In the present study, natural microparticles of cork are used with the objective to increase the toughness of a brittle epoxy adhesive. The cork particles act as a crack stopper, leading to more energy absorption. This fact occurs because cork presents a remarkable combination of properties (low density, low cost and sustainability of the raw material). Adhesives are susceptible to the presence of moisture in the environment. There are several studies that refer that moisture can degrade the molecular structure of the adhesive, and, therefore, its mechanical properties. The main objective of this research is to investigate the effect of moisture on the degradation of an adhesive reinforced with micro cork particles, knowing that cork presents a great capability to absorb water. The water absorption and desorption characteristics have been studied, for specimens without cork and with 1% cork, 125–250 μm. The moisture uptake behaviour in the adhesive was studied to obtain the coefficient of moisture diffusion. The effect of water exposure on the mechanical properties and glass transition temperature was also investigated. It was observed that the presence of water alters the mechanical properties of the adhesive (with and without cork), but these changes are not permanent.