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Letter Of Intent for "LUCKY NUMBER 7" project from 911 MINING & BC MINING PROPERTIES

Victoria, British Columbia - (June 24, 2022) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode")  has entered into a non-
--->binding letter of intent to acquire the LUCKY NUMBER 7 ("Project"). The Project comprises mineral tenure number 108054
--->6 owned by the 911 MINING CO. & BC MINING PROPERTIES ("Group"). The claims cover 679 hectares adjacent to the Mainline
---> Carmanah logging road on Vancouver Island, British Columbia. 
 
The LOI provides for a due diligence period extending to October 1, 2022. During this period, Kermode can conduct any 
--->work on the Project prior to entering a definitive agreement for a property purchase option as below.

TERMS OF THE PURCHASE OPTION:

Cash
Securities
Exploration Commitments
Exchange Approval
$0
9,000,000 shares 
$0
Year 1
$0
9,000,000 shares 
$0
Year 2
$0
9,000,000 shares 
$0

OTHER TERMS & CONDITIONS: 
2% "Net Smelter Return Royalty" payable to the Group, where each one percent can be bought-down for $1,000,000. 
10% "Sale Participation Right" payable to the Group, whereby they shall receive 10% of any proceeds received by Kermod
--->e from any future sale of disposition of any interest in the property.
There shall be no "Area of Influence" to the Group for other claims. 

Also, Kermode reports that the exchange has rejected the proposed terms for an expedited transaction on the Rye Patch 
--->silver mine. Kermode plans to renegotiate the Rye Patch deal before August 1, 2022. Kermode also plans to provide an u
--->pdate on the LOI for the Rumleski Brazeau project before September 1, 2022.


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

Tel:    1-250-588-6939
Email:   peterbellmining@gmail.com
Website:   https://linktr.ee/kermoderesources 

Neither the TSX Venture Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accura
--->cy of this release.

Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Ca
--->nadian and United States securities legislation. 

Forward-looking statements in this document includes, but is not limited to whether any proposed transaction shall be 
--->completed at any time.

The forward-looking information contained in this news release represents the expectations of Kermode as of the date o
--->f 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. While Kermode may elect
---> to, it does not undertake to update this information at any particular time except as required in accordance with app
--->licable laws.




PDF Document

File: Attachment 2022-06-24-KLM-News Release LOI.pdf

Letter Of Intent for "LUCKY NUMBER 7" project from 911 MINING &
                              BC MINING PROPERTIES

Victoria, British Columbia - (June 24, 2022) - Kermode Resources Ltd.
(TSXV: KLM) ("Kermode") has entered into a non-binding letter of intent to
acquire the LUCKY NUMBER 7 ("Project"). The Project comprises mineral
tenure number 1080546 owned by the 911 MINING CO. & BC MINING
PROPERTIES ("Group"). The claims cover 679 hectares adjacent to the
Mainline Carmanah logging road on Vancouver Island, British Columbia.

The LOI provides for a due diligence period extending to October 1, 2022.
During this period, Kermode can conduct any work on the Project prior to
entering a definitive agreement for a property purchase option as below.

TERMS OF THE PURCHASE OPTION:

        Cash  Securities       Exploration
                               Commitments

Exchange $0   9,000,000 shares $0
Approval

Year 1  $0    9,000,000 shares $0

Year 2  $0    9,000,000 shares $0

OTHER TERMS & CONDITIONS:
   - 2% "Net Smelter Return Royalty" payable to the Group, where each
       one percent can be bought-down for $1,000,000.
   - 10% "Sale Participation Right" payable to the Group, whereby they
       shall receive 10% of any proceeds received by Kermode from any
       future sale of disposition of any interest in the property.
   - There shall be no "Area of Influence" to the Group for other claims.

Also, Kermode reports that the exchange has rejected the proposed terms
for an expedited transaction on the Rye Patch silver mine. Kermode plans
to renegotiate the Rye Patch deal before August 1, 2022. Kermode also
plans to provide an update on the LOI for the Rumleski Brazeau project
before September 1, 2022.
 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

Tel:           1-250-588-6939
Email:         peterbellmining@gmail.com
Website:       https://linktr.ee/kermoderesources

Neither the TSX Venture Exchange nor its Regulation Services Provider
accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains statements that constitute "forward-looking
statements" within the meaning of applicable Canadian and United States
securities legislation.

Forward-looking statements in this document includes, but is not limited to
whether any proposed transaction shall be completed at any time.

The forward-looking information contained in this news release represents
the expectations of Kermode 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. While Kermode may elect to, it does
not undertake to update this information at any particular time except as
required in accordance with applicable laws.