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11:49:30 EDT Sun 05 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 Resources signs LOI to acquire Sleese Creek

2023-03-03 11:14 ET - News Release

Bell Subject: News release to publish (SLEESE CREEK property LOI) PDF Document File: Attachment 2023-03-03-KLM-NEWS for SLEESE 911 MINING.pdf Kermode signs LOI for "SLEESE CREEK" project in BC Victoria, British Columbia - (March 3, 2023) - Kermode Resources Ltd. (TSXV: KLM) ("KLM" or "Company") signs a non-binding letter of intent ("LOI") to acquire the SLEESE CREEK project (the "Project"). The LOI provides a due diligence period extending to June 1, 2023. During this period, Kermode can conduct any work on the Project prior to entering a definitive agreement for a property purchase option. TERMS OF THE PURCHASE OPTION: Cash Securities Exploration Commitments Exchange $0 4,000,000 shares $0 Approval Year 1 $0 4,000,000 shares $0 Year 2 $0 4,000,000 shares $0 The Project land position covers 699 hectares. The claim numbers are 1101588, 1101878, 1101879, 1102758,1102836, 1102837. There are no cash payments and no work commitments. There is no "Sale Participation Right". There is a 1% royalty with a $1M buy-down to eliminate the royalty. And there shall be an "area of interest" clause whereby the terms of this deal shall apply to any contiguous property that shall be acquired by either party or any property acquired within a 5km radius. 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. 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. Although Kermode believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such 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. 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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