Mr. Peter Bell reports

KERMODE SIGNS SHARES FOR SERVICES AGREEMENT WITH CFO

Kermode Resources Ltd. intends to issue common shares in the capital of Kermode to Matt Anderson and Malaspina Consultants Inc. to pay for costs associated with providing services as a chief financial officer. The Officer is non-arm's length to Kermode.

The Officer shall be eligible to receive a maximum amount of compensation under this agreement of up to $5,000 per month or $60,000 for the full Term from April 1, 2024 to April 1, 2025. The actual amount of compensation in any month shall depend on the Services provided in that month as expressly agreed in advance with the Company.

The deemed value of Shares issued under this agreement will be the closing price of the Shares on the TSX Venture Exchange on the first trading day after the month wherein the services were provided. The deemed value will not be less than the Discounted Market Price (subject to a minimum price of $0.01). Any shares issued at a deemed price less than $0.05 will be subject to the Exchange Hold Period. In any case, the deemed value shall not be determined and any such securities shall not be issued until after the services are provided to the Issuer.

There shall be a limitation on the total number of shares payable to the Consultant at any time such that the Consultant may not bring their undiluted share position at or above 10% of the Company's issued and outstanding shares until such time that a Personal Information Form or 2C1 Declaration will be filed with and cleared by the Exchange. The Company can pay the company in cash any amount above 10% of the Company's issued and outstanding shares until after such is filled and cleared by the exchange.

About Kermode

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

We seek Safe Harbor.