Kermode Resources Ltd. — Share Issue/Capital Change 2023

Feb 2, 2023

Kermode completes $25,695 in January 2023 under Shares for Services Agreements with PLANET X and 911 MINING

Victoria, British Columbia - (February 1, 2023) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode") announces work completed in January under the shares for services agreements with Planet X Exploration Services Ltd. and 911 EXPLORATION CORP. Details of the agreements are provided in Kermode’s news release dated January 4, 2023.

The closing share price of Kermode on February 1, 2023, was $0.015 which is the deemed price for share issuance under the agreements.

The total amount of services provided by Planet X Exploration Services Ltd. in January 2023 was $20,000, which will be paid with 1,333,333 shares of Kermode. The total amount of services provided by 911 EXPLORATION CORP. in January 2023 was $5,694.68, which will be paid with 379,645 shares of Kermode. The grand total amount of work completed in January under the agreements was $25,695, which will be paid with 1,712,979 shares of Kermode. All shares issued are subject to a four-month hold.

Peter Bell, CEO, comments, “Thanks PLANET X and 911 EXPLORATION for your dedication to our company!”

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: 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

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.