Mr. Peter Bell reports

KLM-RYE PATCH SURFACE SAMPLE

Kermode Resources Ltd. had 24,438 grams silver per tonne (g/t Ag) for a single sample collected at surface at the Rye Patch silver mine in Nevada. This result was determined by fire assay with a gravimetric finish. Initial XRF results were previously reported on May 26, 2022. The attached table compares the XRF results and assays.

            RYE PATCH SURFACE SAMPLE 2022-05-27

Element               Ag               Au                 Cu

Units                g/t              g/t                  %
Assay method     Ag-GR30          Au-AA30           OLAR-OES
XRF                6,000              195                 10
Assay             24,438                2                  1

The sample is not in place. It is a selective grab sample of visually mineralized material found in a dump located next to a small prospect shaft that was heavily overgrown with brush near the southern end of the Alpha patent. The use of square nails and flat-strap iron for the rail line provide archeological evidence to indicate the shaft dates to the 1860s, around the same time as the discovery of the Alpha vein located approximately 240 metres to the north of this sample location. The shaft appears to explore previously unrecognized mineralization on the far side of what was previously interpreted as a bounding fault and the new results indicate the potential to identify extensions of the ultrahigh-grade mineralization similar to what is found at the Rye Patch silver mine.

Kermode continues to renegotiate the proposed terms for the Rye Patch deal and plans to provide an update before Sept. 1, 2022.

The Rye Patch project

As announced in the press release dated Dec. 3, 2021, the company has a letter of intent with Gold Range LLC for the Rye Patch project, which includes the Alpha patent and the WS claims.

Qualified person

The technical information in this news release has been reviewed and approved by Robert G. Carrington, PGeo, a qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Kermode Resources Ltd.

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

We seek Safe Harbor.