Mr. Peter Bell reports

LETTER OF INTENT FOR "GREY COPPER" PROJECT BY FORTUNE HARBOUR, NEWFOUNDLAND

Kermode Resources Ltd. has entered into a non-binding letter of intent (LOI) to acquire the Grey copper project. The project comprises mineral tenure No. 034777M owned by the WBN Prospecting Group. The claims cover 125 hectares adjacent to Route 352 by Fortune Harbour, Nfld.

The LOI provides for a due diligence period extending to Nov. 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 4,000,000 shares $0 Year 1 $0 3,000,000 shares $0 Year 2 $0 3,000,000 shares $0

OTHER TERMS & CONDITIONS:

1% "Net Smelter Return Royalty" payable to the Group, where one percent can be bought-down for $1,000,000. There shall be no "Area of Influence" to the Group for other claims.

About Kermode

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

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.

We seek Safe Harbor.