Mr. Carlo Rigillo reports

KERMODE ANNOUNCES SHARES FOR DEBT SETTLEMENT AND SHARES FOR SERVICES UPDATE

Kermode Resources Ltd., subject to TSX Venture Exchange approval, has agreed to issue an aggregate of 10 million common shares at a price of one cent per share as full and final payment of debt in the aggregate amount of $100,000 for certain unpaid invoices to arm's-length creditors. All securities issued in connection with the debt settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance.

Further to the company's news release dated July 22, 2025, announcing its application to the TSX Venture Exchange for approval of a share-for-service agreement with 802213 Alberta Ltd. and 911 Exploration Corp., the company advises that it and the consultants have determined not to proceed with the issuance of common shares under the arrangement, and no securities will be issued pursuant to that agreement.

About Kermode Resources Ltd.

Kermode is a mineral exploration company that is a reporting issuer in the provinces of British Columbia and Alberta, and its common shares are listed for trading on the TSX Venture Exchange under the symbol KLM.

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