File: Attachment 2025-07-22-KLM-NEWS RELEASE Shares for services w BCMP & 911 EXPLORATION.pdf

Kermode signs New Shares for Services Agreements for Vancouver Island projects

Victoria, British Columbia - (July 22, 2025) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode") announces 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 Ltd. and 911 Exploration Corp. shall be separately eligible to receive a maximum amount of compensation under this agreement of $100,000 per month or $1,200,000 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 Ltd. and 911 Exploration Corp. 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 $0.01). Any shares issued at a deemed price less than $0.05 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 their undiluted share position at or above 10% 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% of the Company's issued and outstanding shares until after such is filled and cleared by the exchange. 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

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 This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Forward-looking statements in this document includes, but is not limited to whether any proposed transaction shall be completed at any time.