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Kermode Resources Ltd. Capital/Financing Update 2024

May 27, 2024

42496_rns_2024-05-27_7980bdb9-8a51-4b5f-a96e-b4237b27b274.pdf

Capital/Financing Update

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Kermode completes $4,874 in May 2024 under Shares for Services Agreements with AURUM VENA

Victoria, British Columbia - (May 27, 2024) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode") announces work completed in May under the shares for services agreements with Aurum Vena Mineral Resources Corp. Details of the agreements are provided in Kermode’s news release dated June 1, 2023.

The closing share price of Kermode on May 1, 2024, and the issuance price under the agreement shall be $0.015 per share.

The total amount of services provided by Aurum Vena Mineral Resources Corp. in May 2024 was $4,874, which will be paid with 324,956 shares of Kermode. All shares issued are subject to a four-month hold.

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: [email protected] 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.