03:54:31 EDT Sun 05 May 2024
Enter Symbol
or Name
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CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 109,130,170
Close 2022-04-25 C$ 0.02
Market Cap C$ 2,182,603
Recent Sedar Documents

ORIGINAL: Kermode Resources signs LOI for Khrysos from Aurum

2022-04-26 15:04 ET - News Release

Received by email:

File: Attachment 2022-04-26-KLM-KHRYSOS LOI news.pdf

 "KHRYSOS GOLD" LOI from AURUM VENA MINERAL RESOURCES CORP in BC

Victoria, British Columbia - (April 26, 2022) - Kermode Resources Ltd. (TSXV: KLM)
announces a non-binding letter of intent for a purchase option on the KHRYSOS GOLD project
from AURUM VENA MINERAL RESOURCES CORP. in BC.

The Project comprises BC mineral title numbers #1088992, 1095266, 1095267, 1095268, which
is approximately 750 hectares with potential for significant gold endowment. The Project has
logging road access and includes the MINFILE No 082ENE082 KAMI 5 showing. The
AURUM VENA MINERAL RESOURCES provide exploration services in BC.

Timing   Cash           Securities  Exploration or Other
                                    Work Commitments

Signing        $12,000  4,000,000                                                               --

Year 1         $0       4,000,000   $25,000

Year 2   $100,000       4,000,000   $500,000

There is a 2% net smelter return royalty payable to the vendor where each one percent can be
bought-down for $1,500,000. The vendor has a "right of first refusal" for all exploration work
contracted by Kermode over the life of the option deal. The vendor has a "Sale Participation
Right" whereby they shall receive 10% of any proceeds received by Kermode from any future
sale of disposition of any interest in the Property.

Peter Bell, CEO, "This is an aggressive deal with a bullish partner. Milo Mielniczuk worked for
Kermode at the Mowich project in April 2022 with a three-day exploration program where he
produced video content that documented his work. I think this kind of documentary content
alongside field work is very important for exploration success, and I know Milo will make some
inspiring videos for this KHRYSOS project. I believe this project has the potential to yield
impressive gold numbers and Milo is uniquely positioned to do an exciting work program of
intensive exploration of the rich surface showings identified in historical work at the project. I
am grateful for the opportunity to work with Milo on this project. I know that he's wanted to get
an interest in these claims for himself for years, and I am grateful to him for allowing Kermode
an opportunity to share in them now with this letter of intent to option these claims."

Find a data room for the KHRYSOS GOLD project online here, http://tiny.cc/KhrysosGold

About Kermode
Kermode is a junior mining company hunting for exploration opportunities around the world.
 On Behalf of the Board of Directors,
KERMODE RESOURCES LTD

"Peter Bell"
President/CEO

For further information please contact:
Tel: +1 (250) 588-6939
Email: peterbellmining@gmail.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.

Forward-Looking Statements
The forward-looking information contained in this news release represents the expectations of
the Company as of the date of this news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking information and should not
rely upon this information as of any other date. There is no assurance (i) the conditions to closing
the purchase and sale of the Project will be satisfied or waived, or (ii) that the Company will
acquire the Project on the terms as outlined above, or at all. While the Company may elect to, it
does not undertake to update this information at any particular time except as required in
accordance with applicable laws.
 

Word Document

File: '\\office\emailin\20220426 115335 Attachment 2022-04-26-KLM-KHRYSOS LOI news.docx'







"KHRYSOS GOLD" LOI from AURUM VENA MINERAL RESOURCES CORP in BC

Victoria, British Columbia - (April 26, 2022) - Kermode Resources Ltd. (TSXV: KLM) announces a non-binding letter of i
--->ntent for a purchase option on the KHRYSOS GOLD project from AURUM VENA MINERAL RESOURCES CORP. in BC. 

The Project comprises BC mineral title numbers #1088992, 1095266, 1095267, 1095268, which is approximately 750 hectare
--->s with potential for significant gold endowment. The Project has logging road access and includes the MINFILE No  082E
--->NE082 KAMI 5 showing. The AURUM VENA MINERAL RESOURCES provide exploration services in BC.

Timing
Cash
Securities
Exploration or Other Work Commitments
Signing
$12,000
4,000,000
--
Year 1
$0
4,000,000
$25,000
Year 2
$100,000
4,000,000
$500,000
There is a 2% net smelter return royalty payable to the vendor where each one percent can be bought-down for $1,500,00
--->0. The vendor has a "right of first refusal" for all exploration work contracted by Kermode over the life of the optio
--->n deal. The vendor has a "Sale Participation Right" whereby they shall receive 10% of any proceeds received by Kermode
---> from any future sale of disposition of any interest in the Property.

Peter Bell, CEO, "This is an aggressive deal with a bullish partner. Milo Mielniczuk worked for Kermode at the Mowich 
--->project in April 2022 with a three-day exploration program where he produced video content that documented his work. I
---> think this kind of documentary content alongside field work is very important for exploration success, and I know Mil
--->o will make some inspiring videos for this KHRYSOS project. I believe this project has the potential to yield impressi
--->ve gold numbers and Milo is uniquely positioned to do an exciting work program of intensive exploration of the rich su
--->rface showings identified in historical work at the project. I am grateful for the opportunity to work with Milo on th
--->is project. I know that he's wanted to get an interest in these claims for himself for years, and I am grateful to him
---> for allowing Kermode an opportunity to share in them now with this letter of intent to option these claims."

Find a data room for the KHRYSOS GOLD project online here, http://tiny.cc/KhrysosGold 

About Kermode
Kermode is a junior mining company hunting for exploration opportunities around the world.

On Behalf of the Board of Directors,
KERMODE RESOURCES LTD

"Peter Bell"
President/CEO

For further information please contact:
Tel: +1 (250) 588-6939
Email: peterbellmining@gmail.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
The forward-looking information contained in this news release represents the expectations of the Company as of the da
--->te of this news release and, accordingly, is subject to change after such date. Readers should not place undue importa
--->nce on forward-looking information and should not rely upon this information as of any other date. There is no assuran
--->ce (i) the conditions to closing the purchase and sale of the Project will be satisfied or waived, or (ii) that the Co
--->mpany will acquire the Project on the terms as outlined above, or at all.  While the Company may elect to, it does not
---> undertake to update this information at any particular time except as required in accordance with applicable laws.



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