Kermode Resources Ltd. — Capital/Financing Update 2023

Nov 29, 2023

Kermode Reports First Assays of Select Samples from SILVER BELL

Victoria, British Columbia - (November 14, 2023) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode" or the "Company") reports the assays for the first select surface samples from the Silver Bell project. Samples were shipped to Kamloops Actlabs and tested for gold by fire assay- gravimetric finish, and multi-element Aqua Regia partial digestion. The samples were taken from one area of interest known as the JGR Showing as part of the 2023 exploration program with Aurum Vena Resources Corp. at Silver Bell.

Rock	Sample Highlights for	Sample Highlights for
Silver Bell Project			Assay		Assay
Samp	Easti		Gold (Au)		Silver (Ag)
le #	ng	Northing	P.P.M. or Grams/Tonne	P.P.M. or Grams/Tonne
996412	399177	5562273	3.9		1,100
996413	399162	5562271	4.9		612
996420	399177	5562273	16.4		65
996421	399177	5562273	3.2		433

The initial 2023 reconnaissance work program consisted of locating and sampling the JGR mineral occurrence. Very limited historical information is known about the showing, with no recent exploration. Assays for select samples of the 2023 work program are listed above.

Additional work performed included clearing the existing access to the JGR showing and collecting samples of historical dump material for crushing and concentrating. A video of the sample site and sample concentrate test work is provided in this link, “Silver Bell mine visit, old portal mine exploration! Old exploration adit visit! $KLM” published June 29, 2023: https://www.youtube.com/watch?v=ScPFApPmSvU

Regionally, the area has a long history of gold exploration and mining mostly for placer gold in the surrounding watersheds. Kermode Resources is grateful for the opportunity to work with Aurum Vena on the Silver Bell project using a shares-for-services agreement.

The Silver Bell project is comprised of four mineral claims coverings 538 hectares located approximately 61 km east of Vernon, BC. The property covers 3 three known

mineral occurrences including the JGR showing, all hosted in rocks of the Quesnellia tectono-stratigraphic terrane and is highly prospective for gold.

SampleID	Description
996412	Grab sample of quartz vein material found outside of an old explorationportal (10-20m long) testing an 8m wide East-West trending sub-verticalquartz vein. Areas of heavy limonite stain, with rarer localized malachiteand azurite staining. Area grab of stronger limonite, malachite stainedmaterial at drift face.
996413	Select grab of limonite-stained material from same quartz vein. Largegalena / sphalerite bleb.
996420	Adit area comparative sample. Selectgrab of very galena-rich material.
996421	Adit area comparative sample. Select grab of heavilyazurite malachitestained material.

Photographs of samples with Galena (left) and Malachite (right):

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Photographs of Quartz Vein Exposure near JGR Mineral occurrence:

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Topographic Map of SILVER BELL claim outline:

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Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Robert Carrington, P. EngProfessional Geologist and Professional Engineering Geologist, a Qualified Person as defined in Canadian NI 43-101 responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

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

For further information please contact: Tel: 1-250-588-6939 Email: peterbellmining@gmail.com Website: https://linktr.ee/kermoderesources

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts 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 (collectively herein referred to as "forward-looking information"). Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Kermode actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

Forward-looking statements in this document include but not limited to results, analyses and interpretations of exploration programs. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date.