Kermode Resources Ltd. — M&A Activity 2025

Jul 21, 2025

Kermode options Tamihi Project

Victoria, British Columbia – (July 21, 2025) - Kermode Resources Ltd. (TSXV:KLM) (“Kermode”) enters a property purchase option agreement for a mining claim called the Tamihi project in British Columbia from a group of private individuals who are arm’s length to Kermode.

The project includes 1 mineral claim (number 1116213) covering 550 hectares at the Tamihi Creek.

Property Purchase Option Agreement Terms:
- Kermode shall not issue any common shares.
- Kermode shall complete $250,000 in exploration spending within 5 years.
- Kermode shall pay $100,000 cash within 5 years.
- 1% NSR Royalty with buy-down for $1,000,000
- 10% SPR Sale Participation Right where the Owners receive payments if Kermode sells the project any time in the next ten years.

Kermode CEO Peter Bell comments, “The Sale Participation Right provides an important project-level deal feature for the most bullish prospectors. I am grateful to announce this deal also includes a Right Of First Refusal for exploration work to the 911 Exploration Corp., subject to the discretion of the Board of Directors of Kermode.”

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 accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

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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. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. There is no assurance that the Company will enter the option or acquire the Project on the terms as outlined above or at all. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.