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File: Attachment 2022-07-20-KLM-LOI News Release LUCKY STRIKE.pdf

Kermode options "LUCKY STRIKE" project on Vancouver Island,
                                  British Columbia

Victoria, British Columbia - (July 20, 2022) - Kermode Resources Ltd.
(TSXV: KLM) ("KLM" or "Company") announces approval by the TSXV
exchange for the Mineral Property Option Agreement to acquire the LUCKY
STRIKE project (the "Project"). The vendor group for the Project comprises
three private Canadian individuals, one of whom is 911 MINING CO. All
shares issued are subject to resale restrictions under applicable securities
legislation and the rules of the TSXV. No finder's fees were paid in
connection with this transaction.

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

The Project land position covers 2,739 hectares. There are no work
commitments for the Company. There shall be a 2% "Net Smelter Return
Royalty" payable to the vendor group, where each one percent can be
bought-down for $1,000,000.

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 (collectively herein referred to as "forward-looking
information"). Such forward looking statements involve known and
unknown risks, uncertainties and other factors that may cause Kermode
actual results, performance or achievements, or developments in the
industry to differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking statements.

Although Kermode believes the forward-looking information contained in
this news release is reasonable based on information available on the date
hereof, by their nature forward-looking statements involve assumptions,
known and unknown risks, uncertainties and other factors which may cause
our actual results, performance or achievements, or other future events, to
be materially different from any future results, performance or
achievements expressed or implied by such 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. 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\20220720 085747 Attachment 2022-07-20-KLM-LOI News Release LUCKY STRIKE.docx'

Kermode options "LUCKY STRIKE" project on Vancouver Island, British Columbia 

Victoria, British Columbia - (July 20, 2022) - Kermode Resources Ltd. (TSXV: KLM) ("KLM" or "Company") announces appro
--->val by the TSXV exchange for the Mineral Property Option Agreement to acquire the LUCKY STRIKE project (the "Project")
--->. The vendor group for the Project comprises three private Canadian individuals, one of whom is 911 MINING CO. All sha
--->res issued are subject to resale restrictions under applicable securities legislation and the rules of the TSXV. No fi
--->nder's fees were paid in connection with this transaction. 

 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


The Project land position covers 2,739 hectares. There are no work commitments for the Company. There shall be a 2% "N
--->et Smelter Return Royalty" payable to the vendor group, where each one percent can be bought-down for $1,000,000. 

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 (collectively herein referred to as "forward-looking information"). Su
--->ch forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Kermode 
--->actual results, performance or achievements, or developments in the industry to differ materially from the anticipated
---> results, performance or achievements expressed or implied by such forward-looking statements. 

Although Kermode believes the forward-looking information contained in this news release is reasonable based on inform
--->ation available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown 
--->risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other futur
--->e events, to be materially different from any future results, performance or achievements expressed or implied by such
---> 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. While the Company m
--->ay elect to, it does not undertake to update this information at any particular time except as required in accordance 
--->with applicable laws.