Kermode Resources Ltd. — Proxy Solicitation & Information Statement 2025

Apr 28, 2025

KERMODE PROVIDES UPDATE TO MANAGEMENT INFORMATION CIRCULAR

VANCOUVER, BC, April 28, 2025 – Kermode Resources Ltd. (“Kermode” or the “Company”) (TSXV:KLM) announces certain required disclosure that was not included in the Management Information Circular (“Circular”) published on March 26, 2025, with respect to its annual general and special meeting of shareholders (the “Meeting”) to be held today on April 28, 2025.

The Circular fails to disclose certain required information in the section entitled “Cease Trade Orders, Bankruptcies, Penalties or Sanctions” as follows.

Mr. Ryan Hounjet has served as Chief Financial Officer of Vegano Foods Inc. since July, 2024, which is currently under a Cease Trade Order and has been since October, 2023.

The Circular states that the principal occupation for Mr. Stephen Wall has been CEO of “Weatherguard Gutters” since December 2016, however, the Circular fails to disclose that he was CEO and director of Weatherguard Exteriors Inc., which made a voluntary assignment in bankruptcy on February 22, 2022.

Except as described above, the Circular remains unchanged from the circular that was mailed to the shareholders of the Company and previously filed on SEDAR+. The Circular is available on SEDAR+ at https://www.sedarplus.ca/. Shareholders may also contact the Company by mail at SEGEV LLP, 600 - King George, 905 W Pender St, Vancouver, BC [Attention: Aadam Tejpar], or by calling toll free at telephone (+1 800-604-1312), or by email request to a.tejpar@segevllp.com to request free printed copies of the Circular.

Peter Bell, CEO of Kermode, comments, “I apologize to shareholders for my failure to enforce corporate governance standards to properly disclose this required information to shareholders at the appropriate time.”

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

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Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Acquisition, are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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