Kermode Resources Ltd. — Capital/Financing Update 2022

Feb 16, 2022

KERMODE ANNOUNCES OPTION GRANT & AMENDMENT

Victoria, British Columbia – February 15th, 2022 – Kermode Resources Ltd. (TSXV: KLM) (the “Company” or “Kermode”) announces it has granted 1,000,000 stock options to certain consultants of the company exercisable at a price of $0.05 per share for a period of five years from the date of grant. The options have been granted in accordance with the Company's stock option plan. The company has also cancelled 1,000,000 stock options to Mr. Peter Bell, President, CEO and Director.

About Kermode Resources

Kermode Resources is a junior mineral exploration company engaged in acquiring and advancing mineral properties globally.

ON BEHALF OF THE BOARD “Peter Bell” Peter N. Bell CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.