Kermode Resources Ltd. — Declaration of Voting Results & Voting Rights Announcements 2021

Aug 11, 2021

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KLM: TSX-V

August 10, 2020

NEWS RELEASE

ANNUAL GENERAL MEETING RESULTS

Kermode Resources Ltd. (KLM – TSXV) (the “Company” or “Kermode”) announces the results of its annual general and special meeting held earlier today.

At the Meeting, each of Peter N. Bell, Francine Long and Peter M. Clausi were elected as directors of the Company.

Francine Long, 35

Ms. Long, P.Geo. is a Qualified Person (QP) as term is used in NI43-101. She is a mining professional with 14 years technical experience being a part of 125+ projects across Canada, North & South Americas, and Africa. Francine has developed technical skill around the building and validation of resources, including project evaluation and third-party technical audits. Her focus has largely been on work towards advancing Green and Brown fields exploration projects up to resource compliant stages and engineering scoping studies (PEA, BFS). Projects have included building and modelling resources in both active underground and open pit production environments, across gold and precious metals (Au-Ag-Cu-Zn-Ni-PGEs-Iron Ore – Battery, and Rare Earth/Critical Elements) She has been part of the technical or consultant teams of Bisha Mine, NIOCORP, Cordoba Minerals, Mega Monument Bay, Larder Lake, Class 1 Nickel, & Moneta Porcupine Mines. She is both a Canadian and an American citizen.

Peter M. Clausi, 57

Mr. Clausi is an Ontario lawyer and the CEO and a director of CBLT Inc. and GTA Financecorp Inc. He is the Vice President of Capital Markets for Silver Bullet Mines Inc., which recently raised over six million dollars and is in the final stages of going public with a capital pool company called Pinehurst Capital I Inc. Peter is also an independent director at Buccaneer Gold Corp., Camrova Resources Ltd. and Alpha Peak Capital Inc. He has taught at several post-secondary institutions and is a frequent public speaker. He is a compliance and governance leader, with considerable experience in holding dysfunctional boards accountable. Mr. Clausi has been primarily responsible for the raising and structuring of capital for numerous reporting issues.

Peter Bell, 34

Peter Bell has been involved in the promotional side of the junior mining business since 2016. He is a private investor in public companies and private ventures with prospectors through his company Newton Bell Holdings Ltd. He is also an advisor on these private ventures with prospectors. Peter is the sole Director and Executive for Arizona King Mining Inc., which is a small private company with a property option deal on two blocks of patented claims covering old mines in Arizona. Peter also works as a marketing consultant for public companies. In 2012, he graduated from UBC Institute of Applied Mathematics degree in finance and has 38 technical papers published on the RePEC archive online.

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All other matters on the agenda were duly approved by shareholders, including the appointment of Davidson & Company as the Company’s auditors; approval of the Company’s 10% rolling stock option plan; and the adoption of new Articles.

Following the shareholders’ meeting, Peter Bell was appointed as President and CEO, John Fahmy was appointed as Corporate Secretary and Ashley Nadon, CPA, was appointed as Chief Financial Officer.

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.

This news release may contain certain statements that constitute forward-looking statements as they relate to Kermode and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", “should”, "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass.

By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forwardlooking statements. If and when forward-looking statements are set out in this new release, Kermode will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, Kermode assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to; SARS-CoV-2; reliance on key personnel; shareholder and regulatory approvals; First Nations and other local communities; jurisdictional risk; risks of future legal proceedings; income tax matters; availability and terms of financing; distribution of securities; commodities pricing; environmental issues; forest fires and other natural phenomena; effect of market interest on price of securities; failing to identify an economically viable mineral deposit; and, potential dilution.

Kermode’s operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

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