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File: Attachment 2022-05-09-KLM--Rye Patch news.pdf

                   Kermode Updates Terms for LOI on Silver Project in Nevada

Victoria, British Columbia - (May 9, 2022) - Kermode Resources Ltd. (TSXV: KLM) revises the
terms for the non-binding letter of intent to lease the Rye Patch project in Nevada, USA. This
update follwsprior news releases dated December 3, 2021 and March 3, 2022.

Timing         Cash        Securities     Exploration or Other
                                          Work Commitments

Signing              $0    4,000,000      $0

Anniversary 1  US$5,000    4,000,000      $0

Anniversary 2  US$5,000    4,000,000      $0

Anniversary 3  US$10,000   4,000,000      $0

Anniversary 4  US$10,000   4,000,000      $0

Anniversary 5  US$20,000   4,000,000      $0

Anniversary 6  US$40,000   4,000,000      $0

Anniversary 7  US$40,000   4,000,000      $0

Anniversary 8  US$200,000  4,000,000      $0

Anniversary 9  US$200,000  4,000,000      $0

Anniversary    US$200,000              0  $0
10

Anniversary    US$200,000              0  $0
11-20

The proposed transaction includes additional terms as follows:
    - Royalty: There shall be a five percent (5%) Net Smelter Return (NSR) royalty. The
         royalty is subject to the following buy-down conditions: the first 1% of the NRS may be
         bought down for $1 million, the second 1% of the NSR may be Bought Down for $2
          million, and the third 1% of the NSR may be bought down for $2 million leaving at least
         a 2% NSR to Gold Range
    - Advance Royalty Payments: The cash payments are Minimum Advance Royalties and
         the total over any previous 5-year period shall be recoupable from production royalty
         (NSR) payments.
    - Inflation Index: All cash payments & buydowns for Year 5 & beyond indexed to CPI
         with 2022 base year.
    - Future sales interest: An amount equal to 10% of gross value of any transaction will be
         payable by Kermode to the Gold Range if Kermode sells the leasehold interest, subject to
         consent by Gold Range LLC.

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
Website: https://linktr.ee/kermoderesources

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.