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File: Attachment 2022-08-03-KLM-Copper King NEWS RELEASE DRAFT (1).pdf

Kermode signs LOI for Copper King BC Project on Vancouver Island

Victoria, British Columbia   (August 4, 2022) - Kermode Resources Ltd. (TSXV:
KLM) ("KLM" or "Company") has entered into a non-binding letter of intent
("LOI") to acquire the COPPER KING BC PROJECT ("Project") in British
Columbia from a group of private individuals. The Project includes exploration
claims covering the claims with the following license numbers 1096661, 1096665,
1096831, 1096832, and 109683 with total area of 1,199 hectares.

The LOI provides for a due diligence period extending to December 31st, 2022.
During this period, KLM can elect to enter into a definitive agreement which will
formalize the Transaction. Either party can conduct any activities during the LOI.

TERMS OF THE PURCHASE OPTION:

          Cash                 Securities  Exploration

Exchange $0                    0           $0

Approval

Year 1    $50,000 at or        0           $0

          before 18 months

Year 2    $0                   0           $0

WORK COMMITMENTS: None.

OTHER TERMS & CONDITIONS:
- Net Smelter Return (NSR) 5% royalty.
- Future Sales Interest (FSI) 50% of the gross proceeds of any future transaction
where KLM sells the property in the next five years.

Peter Bell, CEO, "This is an unusual deal. I designed it this way so that it could be
the most bullish for KLM shareholders. It is an exempt transaction under the TSXV
policy, which means it doesn't require exchange approval and can be done simply. I
offered the vendor group to take fifty percent of the value of a future sale of the
property any time in the next five years because I believe this group can help make
a successful transaction happen, and I want to incentivize them to make it a win."
 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

For further information please contact:
Tel: +1 (250) 588-6939
Email: peterbellmining@gmail.com

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. Forward looking statements are statements that are not historical facts
and are generally, but not always, identified by certain words like "should".

Forward-looking statements in this document includes statements, but is not
limited to closing of the proposed transaction. Although Kermode believes the
forward-looking information contained in this news release is reasonable based on
information available on the date hereof. 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.