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KLM: TSX-V
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News

Apr 26, 2006

Kermode Raises $2.5 million

News Release #2006-2

Kermode Resources is pleased to announce it has arranged a non brokered private placement, subject to TSX approval. Kermode will issue up to 10 million shares at 25 cents for gross procceds of $2.5 million dollars. A finders fee may be payable.

Kermode will use the proceeds for exploration on it's Jackson's Arm property in Newfoundland and for working capital purposes.

Visit our website at www.kermode.com for more information.

ON BEHALF OF THE BOARD OF DIRECTORS

"D. Neil Briggs"
DIRECTOR


No Stock Exchange Has Approved or Disapproved The Information Contained Herein