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File: '\\office\emailin\20220630 130126 Attachment 2022-06-30-KLM-grey copper LOI draft NR.docx'

Letter Of Intent for "GREY COPPER" project by Fortune Harbour, Newfoundland 

Victoria, British Columbia - (June 30, 2022) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode")  has entered into a non-
--->binding letter of intent to acquire the GREY COPPER ("Project"). The Project comprises mineral tenure number 034777M o
--->wned by the WBN Prospecting Group ("Group"). The claims cover 125 hectares adjacent to Route 352 by Fortune Harbour, N
--->ewfoundland. 
 
The LOI provides for a due diligence period extending to November 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.

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 2022-06-30-KLM-grey copper LOI draft NR.pdf

Letter Of Intent for "GREY COPPER" project by Fortune Harbour, Newfoundland

Victoria, British Columbia - (June 30, 2022) - Kermode Resources Ltd. (TSXV: KLM)
("Kermode") has entered into a non-binding letter of intent to acquire the GREY
COPPER ("Project"). The Project comprises mineral tenure number 034777M owned by
the WBN Prospecting Group ("Group"). The claims cover 125 hectares adjacent to
Route 352 by Fortune Harbour, Newfoundland.

The LOI provides for a due diligence period extending to November 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                           4,000,000 shares $0
Approval

Year 1         $0                     3,000,000 shares $0
                                      3,000,000 shares $0
Year 2         $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.

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.