Mr. Peter Bell reports

KERMODE SIGNS NEW SHARES FOR SERVICES AGREEMENTS FOR VANCOUVER ISLAND PROJECTS

Kermode Resources Ltd. has signed a new shares-for-services agreement, subject to approval by the TSX Venture Exchange. The company intends to issue common shares in the capital of Kermode to 802213 Alberta Ltd. and 911 Exploration Corp. (consultants) to pay for costs of mining exploration services.

The exploration spending will be done at projects where the consultants are members of the vendor group for the property purchase option agreements, such as the Mount Sicker project. The consultants are arm's length to Kermode and its affiliates.

Each of 802213 Alberta and 911 Exploration shall be separately eligible to receive a maximum amount of compensation under this agreement of $100,000 per month or $1.2-million for the full term from July 22, 2025, to July 22, 2026. The actual amount of compensation in any month shall depend on the services provided in that month as expressly agreed in advance with the company.

Each one of 802213 Alberta and 911 Exploration shall be eligible to receive payment as follows. The deemed value of shares issued under this agreement will be the closing price of the shares on the TSX Venture Exchange on the first trading day after the month wherein the services were provided. The deemed value will not be less than the discounted market price (subject to a minimum price of one cent). Any shares issued at a deemed price less than five cents will be subject to the exchange hold period. In any case, the deemed value shall not be determined and any securities shall not be issued until after the services are provided to the issuer.

There shall be a limitation on the total number of shares payable to the consultant at any time such that the consultant may not bring its undiluted share position at or above 10 per cent of the company's issued and outstanding shares until such time that a personal information form or 2C1 declaration will be filed with and cleared by the exchange. The company can pay the company in cash any amount above 10 per cent of the company's issued and outstanding shares until after such is filed with and cleared by the exchange.

About Kermode Resources Ltd.

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

We seek Safe Harbor.