Mr. Peter Bell reports

KERMODE OPTIONS TAMIHI PROJECT

Kermode Resources Ltd. has entered a property purchase option agreement for a mining claim called the Tamihi project in British Columbia from a group of private individuals who are arm's length to Kermode.

The project includes one mineral claim (No. 1116213) covering 550 hectares at the Tamihi Creek.

Property purchase option agreement terms:

• Kermode shall not issue any common shares;
• Kermode shall complete $250,000 in exploration spending within five years;
• Kermode shall pay $100,000 cash within five years;
• 1-per-cent NSR (net smelter return) royalty with buydown for $1-million;
• 10-per-cent sale participation right, where the owners receive payments if Kermode sells the project any time in the next 10 years.

Kermode chief executive officer Peter Bell commented: "The sale participation right provides an important project-level deal feature for the most bullish prospectors. I am grateful to announce this deal also includes a right of first refusal for exploration work to the 911 Exploration Corp., subject to the discretion of the board of directors of Kermode."

About Kermode Resources Ltd.

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

We seek Safe Harbor.