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Kermode Resources Ltd (2)
Symbol KLM
Shares Issued 63,781,833
Close 2024-12-04 C$ 0.005
Market Cap C$ 318,909
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Kermode retracts technical disclosure on four projects

2024-12-04 12:13 ET - News Release

Subject: News release $KLM Retracts technical disclosure PDF Document

File: Attachment 2024-12-04-KLM-Retracts Technical Disclosure.pdf

Kermode amends and restates Certain Technical Disclosure.

Kermode Resources Ltd. (TSXV: KLM) (the "Company" or "Kermode") Victoria, British Columbia December 4, 2024 As a result of a review by the British Columbia Securities Commission, Kermode issues the following news release to clarify our disclosure. Kermode retracts and restates prior disclosure for several projects, as detailed in this release. The Company acknowledges that the previous information was non-compliant with National Instrument 43-101 ("NI 43-101") standards. The public is advised not to rely on the prior disclosures identified and addressed below.

Rye Patch Project Exploration Target Kermode retracts the news release for the Rye Patch silver project dated May 24, 2024, and reports that there is no exploration target for this project because there is no basis on which the qualified person estimated the quantity and grade of the target.

Tonya Project Exploration Target & Supplement documemt Kermode retracts the news release and corresponding supplement document for the Tonya gold project dated December 13, 2023. There is no exploration target for this project because there is no basis on which the qualified person estimated the quantity and grade of the target.

Retraction of Assessment Report for Slesse Creek Project Kermode retracts the document filed on SEDAR+ on April 15, 2024, titled "TECHNICAL ASSESSMENT REPORT ON PROSPECTING THE SLESSE CREEK PROPERTY." This document was not filed as a Form 43- 101F1 Technical Report, and does not meet the disclosure standards of NI 43-101. The document is an assessment report and can be viewed by accessing the assessment report on British Columbia's Assessment Reporting Index System (ARIS). At present the Slesse Creek project has no current technical report.

Retraction of Assessment Report for Vigh Graphite Project Kermode retracts the document filed on SEDAR+ on April 19, 2024, titled "Assessment Report on the Vigh Graphite Property Rock Sampling." This document was not filed as a Form 43-101F1 Technical Report and does not meet the disclosure standards of NI 43-101. The document is an assessment report and can be viewed by accessing the assessment report on British Columbia's Assessment Reporting Index System (ARIS). At present the Vigh Graphite project has no current technical report.

Qualified Person The technical information in this news release has been reviewed and approved by Mr. Robert Carrington, Professional Geologist and Professional Engineering Geologist, a Qualified Person as defined in Canadian NI 43-101, responsible for the scientific and technical information contained herein under National Instrument 43-101 standards. Mr. Carrington is not independent of Kermode as he has optioned the Tonya and Rye Patch projects in Nevada to Kermode and conducted exploration work under a shares-for-services basis.

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 accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such statements involve factors that may cause Kermode's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results.

Word Document

File: '\\swfile\EmailIn\20241204 090138 Attachment 2024-12-04-KLM-Retracts Technical Disclosure.docx'

Kermode amends and restates Certain Technical Disclosure.

Kermode Resources Ltd. (TSXV: KLM) (the "Company" or "Kermode") Victoria, British Columbia - December 4, 2024 - As a result of a review by the British Columbia Securities Commission, Kermode issues the following news release to clarify our disclosure. Kermode retracts and restates prior disclosure for several projects, as detailed in this release. The Company acknowledges that the previous information was non-compliant with National Instrument 43-101 ("NI 43-101") standards. The public is advised not to rely on the prior disclosures identified and addressed below.

Rye Patch Project Exploration Target

Kermode retracts the news release for the Rye Patch silver project dated May 24, 2024, and reports that there is no exploration target for this project because there is no basis on which the qualified person estimated the quantity and grade of the target.

Tonya Project Exploration Target & Supplement documemt

Kermode retracts the news release and corresponding supplement document for the Tonya gold project dated December 13, 2023. There is no exploration target for this project because there is no basis on which the qualified person estimated the quantity and grade of the target.

Retraction of Assessment Report for Slesse Creek Project

Kermode retracts the document filed on SEDAR+ on April 15, 2024, titled "TECHNICAL ASSESSMENT REPORT ON PROSPECTING THE SLESSE CREEK PROPERTY." This document was not filed as a Form 43-101F1 Technical Report, and does not meet the disclosure standards of NI 43-101. The document is an assessment report and can be viewed by accessing the assessment report on British Columbia's Assessment Reporting Index System (ARIS). At present the Slesse Creek project has no current technical report.

Retraction of Assessment Report for Vigh Graphite Project

Kermode retracts the document filed on SEDAR+ on April 19, 2024, titled "Assessment Report on the Vigh Graphite Property Rock Sampling." This document was not filed as a Form 43-101F1 Technical Report and does not meet the disclosure standards of NI 43-101. The document is an assessment report and can be viewed by accessing the assessment report on British Columbia's Assessment Reporting Index System (ARIS). At present the Vigh Graphite project has no current technical report.

Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Robert Carrington, Professional Geologist and Professional Engineering Geologist, a Qualified Person as defined in Canadian NI 43-101, responsible for the scientific and technical information contained herein under National Instrument 43-101 standards. Mr. Carrington is not independent of Kermode as he has optioned the Tonya and Rye Patch projects in Nevada to Kermode and conducted exploration work under a shares-for-services basis.

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 accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements." Such statements involve factors that may cause Kermode's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results.

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