File: Attachment 2025-04-04 News Release - Shares for Debt Completion.docx.pdf

KERMODE ANNOUNCES COMPLETION OF SHARES FOR DEBT TRANSACTION

VANCOUVER, BC, April 4, 2025 Kermode Resources Ltd. ("Kermode" or the "Company") (TSXV:KLM) announces, further to its news release dated February 10, 2025, that it has settled debts of $60,000 owing to creditors (the "Creditors") of the Company through the issuance of an aggregate of 6,000,000 common shares (each, a "Share") at a price of $0.01 per Share (the "Shares for Debt Transaction").

The Shares issued pursuant to the Shares for Debt Transaction are subject to a statutory four-month and one day hold period from the date of issuance in accordance with Canadian securities law and the policies of the TSXV.

MI 61-101 Disclosure

$20,000 of the debt settled pursuant to the Shares for Debt Transaction was held by insiders of the Company and, accordingly, such portion of the Shares for Debt Transaction (the "Insider Shares for Debt Transaction") constituted a related party transaction, as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Sections 5.5(a) and 5.7(1)(a) respectively, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Insider Shares for Debt Transaction, exceeded 25 per cent of the Company's market capitalization.

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

For further information, please contact

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.