Mr. Peter Bell reports

KERMODE GRANTS PERFORMANCE SHARE UNITS TO INDEPENDENT DIRECTORS

Kermode Resources Ltd. has granted three million performance share units to the three independent directors of the company: Maxime Lepine, Peter Clausi and Milo Mielniczuk. Each person shall receive one million units.

The performance share unit or PSU means a right granted to a participant by the corporation as compensation for employment or consulting services or services as a director or officer, to receive, for no additional cash consideration, securities of the corporation upon specified vesting criteria being satisfied (which are typically performance based), and which may provide that, upon vesting, the award may be paid in cash and/or shares; represented by a PSU agreement evidencing the right of such participant to receive the value of one share at the time of payment, multiplied by any applicable multiplier(s).

The PSU shall have a multiplier up to 10 times 10:1 and all aspects of payment at the discretion of the board within the constraints of Kermode's stock option plan and TSX Venture Exchange policy.

Peter Bell comments: "I am grateful for the opportunity to assign these financial derivatives to my board as a bullish incentive to help Kermode. Each of my directors has diverse and valuable skills with the potential for a positive impact on our company. These financial derivatives give us an innovative new way to create incentives, and I look forward to using them more. For example, issuing share appreciation rights to community partners. Also, we have approximately half our pool of stock options available to issue. A key difference of stock options is that they can vest immediately and be paid for investor relations services."

About Kermode Resources Ltd.

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