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File: Attachment 2022-09-19-KLM-Stock Option plan news release.pdf

      Kermode adopts Security Based Compensation Plan

Victoria, British Columbia   September 19th, 2022   Kermode Resources
Ltd. (TSXV: KLM) (the "Company") announces the Company's Board has
adopted a new form of Security Based Compensation Plan, which was
conditionally approved by the TSX Venture Exchange. It remains subject to
approval by the shareholders of the Company at the Company's Annual and
Special General Meeting of Common Shareholders on October 19, 2022.

The new Plan replaces the Company's 2021 security based compensation
plan. The Company currently has 6,000,000 stock options issued or
outstanding, all of which have an exercise price of $0.05. Of the outstanding
options, 4,000,000 have an expiry date of September 24, 2026. There are
1,000,000 with expiry date April 5, 2027 and 1,000,000 with expiry date
August 26, 2027. The 2021 Plan allows for a total of 11,963,017 stock
options to be issued as per the "rolling up to 10%" Plan.

The new Plan is a "rolling up to 10% and fixed up to 10%" design where the
Company can issue up to 11,963,017 stock options and 11,963,017 Awards
other than stock options. The Security Based Compensation Plan can be
accessed under the Company's SEDAR corporate profile at www.sedar.com.

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.