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21:51:14 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 143,343,148
Close 2023-02-28 C$ 0.015
Market Cap C$ 2,150,147
Recent Sedar Documents

Kermode signs LOI to option Khrysos, Silver Bell

2023-03-02 13:35 ET - News Release

Bell Subject: News release to publish (LOI for KHRYSOS & SILVER BELL projects) PDF Document File: Attachment 2023-03-02-KLM-KHRYSOS LOI news.pdf Kermode signs non-binding LOI for KHRYSOS GOLD and SILVER BELL from AURUM VENA MINERAL RESOURCES CORP in BC Victoria, British Columbia - (March 2, 2023) - Kermode Resources Ltd. (TSXV: KLM) announces a non-binding letter of intent for a purchase option on the KHRYSOS and SILVER BELL projects from AURUM VENA MINERAL RESOURCES CORP. in BC. The KHRYSOS project comprises BC mineral title numbers #1088992, 1095266, 1095267, 1095268, which is approximately 750 hectares. The SILVER BELL project comprises BC mineral title numbers #1092822, 1089287, 1092823, 1068145, which is approximately 500 hectares. Timing Cash Securities Exploration or Other Work Commitments Signing $0 6,000,000 $0 Year 1 $0 4,000,000 $0 Year 2 $0 4,000,000 $0 There is a 2% net smelter return royalty payable to the vendor that can be bought-down to zero for $3,000,000. The vendor has a "Sale Participation Right" whereby they shall receive 15% of any proceeds received by Kermode from any future sale of disposition of any interest in the property in the next ten years. 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 (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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. There is no assurance (i) the conditions to closing the purchase and sale of the Project will be satisfied or waived, or (ii) that the Company will acquire the Project on the terms as outlined above, or at all. 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.

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