Subject: News Release for Kermode
PDF Document
File: Attachment 2025-07-21-KLM-News release option closes Tamihi.pdf
Kermode options Tamihi Project
Victoria, British Columbia (July 21, 2025) - Kermode Resources Ltd. (TSXV:KLM)
("Kermode") enters 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 1 mineral claim (number 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 5 years.
- Kermode shall pay $100,000 cash within 5 years.
- 1% NSR Royalty with buy-down for $1,000,0000
- 10% SPR Sale Participation Right where the Owners receive payments if
Kermode sells the project any time in the next ten years.
Kermode CEO Peter Bell comments, "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
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 accept
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
The forward-looking information contained in this news release represents the
expectations of the Company as of the date of this news release and, accordingly, is
subject to change after such date. Readers should not place undue importance on
forward-looking information and should not rely upon this information as of any other
date. There is no assurance that the Company will enter the option or acquire the Project
on the terms as outlined above or at all. While the Company may elect to, it does not
undertake to update this information at any particular time except as required in
accordance with applicable laws.
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