Mr. Peter Bell reports

KERMODE SIGNS LOI FOR LIGHTNING PEAK PROJECT

Kermode Resources Ltd. has released the terms for a proposed option agreement to purchase 100-per-cent ownership of certain claims called the Lightning Peak project in British Columbia from a group of private individuals who are arm's length to Kermode. Further details of this non-binding letter of intent are provided below.

The project includes 11 mineral claims covering 2,900 hectares. The claims numbers are: 1080340, 1078941, 1076926, 1036771, 1077243, 1036360, 1055278, 1110978, 1106210, 1110978, 1110524, 1106214, 1106210.

The share payments shall be split 4 ways between Aurum Vena Resources Corp. (60%), James Vigh (20%), Luc Lesage (10%), and Micheal Langille (10%). The final cash payment will be paid to Milosz Mielniczuk. There are no spending requirements.

TERMS OF THE PURCHASE OPTION:

Date         Cash              Securities      Spending Req's

Exchange $0                    5,000,000   $0
Approval

Year 1  $0                     5,000,000   $0

Year 2  $0                     5,000,000   $0

Year 3  $0                     5,000,000   $0

Year 4  $0                     5,000,000   $0

Year 5  $75,000                5,000,000   $0

TOTAL            $75,000       30,000,000                      $0

OTHER TERMS & CONDITIONS:

• - A Net Smelter Return royalty of two percent 2% with a buy-down of two million dollars $2,000,000. The royalty and buy-down is payable only to Aurum Vena Resources Corp.
• - A Sales Participation Right of ten percent 10% of the gross proceeds of any future transaction where Kermode sells any interest in the project in the next ten years. The sales right is payable only to Aurum Vena Resources Corp.

About Kermode

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

We seek Safe Harbor.