Mr. Peter Bell reports

KERMODE ANNOUNCES ENTRY INTO OF SHARE EXCHANGE AGREEMENT

Kermode Resources Ltd. has entered into an arm's-length share exchange agreement with 1521158 B.C. Ltd. (1521) and the shareholders of 1521 dated March 2, 2025, to acquire all of the issued and outstanding shares of 1521. 1521 owns a 100-per-cent interest in and to 25 claims totalling approximately 500 hectares in the Thunder Bay mining division in Ontario, located approximately eight kilometres north of Pegmatite One Lithium and Gold Corp.'s Frazer Lake Mount property and adjacent to Free Battery Metal Ltd.'s Mound Lake property.

Pursuant to the agreement, the company will issue an aggregate of 15 million common shares in the capital of the company to the vendors on closing. Completion of the acquisition is subject to the satisfaction of customary conditions precedent, including the approval of the TSX Venture Exchange.

About Kermode Resources Ltd.

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

We seek Safe Harbor.