Mr. Carlo Rigillo reports

KERMODE ANNOUNCES SHARES FOR DEBT SETTLEMENT

Kermode Resources Ltd., subject to TSX Venture Exchange approval, has agreed to issue an aggregate of 3,505,750 common shares at a price of one cent per share as full and final payment of debt in the aggregate amount of $35,057.50 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.

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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