Mr. Peter Bell reports

KERMODE PROVIDES UPDATE TO MANAGEMENT INFORMATION CIRCULAR

Kermode Resources Ltd. has provided certain required disclosure that was not included in the management information circular published on March 26, 2025, with respect to its annual general and special meeting of shareholders to be held today on April 28, 2025.

The circular fails to disclose certain required information in the section entitled "Cease Trade Orders, Bankruptcies, Penalties or Sanctions" as follows.

Ryan Hounjet has served as chief financial officer of Vegano Foods Inc. since July, 2024, which is currently under a cease trade order and has been since October, 2023.

The circular states that the principal occupation for Stephen Wall has been chief executive officer of Weatherguard Gutters since December, 2016; however, the circular fails to disclose that he was chief executive officer and director of Weatherguard Exteriors Inc., which made a voluntary assignment in bankruptcy on Feb. 22, 2022.

Except as described above, the circular remains unchanged from the circular that was mailed to the shareholders of the company and previously filed on SEDAR+. The circular is available on SEDAR+. Shareholders may also contact the company by mail at Segev LLP, 600 -- King George, 905 West Pender St., Vancouver, B.C. (attention: Aadam Tejpar), or by calling toll-free at telephone (1-800-604-1312) or by e-mail request to a.tejpar@segevllp.com to request free printed copies of the circular.

Peter Bell, chief executive officer of Kermode, commented, "I apologize to shareholders for my failure to enforce corporate governance standards to properly disclose this required information to shareholders at the appropriate time."

About Kermode Resources Ltd.

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

We seek Safe Harbor.