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News

Mar 22, 2007

Results Continue to Build Including 23 metres of 1.52 gpt Gold and 20.5 metres of 1.42 gpt Gold

Kermode Resources is pleased to announce results from its ongoing drill program in Jackson's Arm, Newfoundland. Significant results, generated from the property's Road Zone, include 23 metres of 1.52 gpt gold, 20.5 metres of 1.42 gpt gold, 41.5 metres of 1.07 gpt gold, and 21.2 metres of 1.06 gpt gold. Analytical results are given below;

Hole Number  From (m)  To (m)  Core Length (m)  Au (gpt) 
JA-07-74  11 11.7 0.7 1.63
22.3 35.8 13.5 1.35
63.5 64.3 0.7 1.9
71.8 93 21.2 1.06
JA-07-75  27.5 32.5 5 1.24
37 44.5 7.5 0.82
53 94.5 41.5 1.07
including 60.5 98 7.5 1.72
102.5 104.6 2.1 1.42
116.8 121.9 5.1 1.11
131.5 136.5 5 1.02
148.9 158.7 10.8 1.07
JA-07-76  15.8 29 13.2 1.34
38 47 9 1.09
62 68 6 0.9
86.8 92 5.2 1.11
98.8 100.4 1.6 1.18
103 104 1 1.22
108.8 119 10.2 1.26
132.5 141.5 9 1.08
144.5 146 1.5 0.94
147.5 149 1.5 1.63
153.5 155 1.5 1.22
156.5 158 1.5 1.14
JA-07-77  11 31.5 20.5 1.42
including 14.5 17 2.5 2.85
45.5 48.5 3 0.72
53 76 23 1.52
including 54.5 57.5 3 2.21
and  72.5 76 3.5 2.57
100.2 110 9.8 1.13
116 17.5 1.5 1.09
122 143 21 0.72
158.3 159.4 1.1 1.1


Neil Briggs, President of Kermode, states, "As evidenced by today's results and the ongoing results that this program has been generating, we are improving our understanding of the orientation of the gold-bearing structures in Jackson's Arm. We have been able to really focus in on these structures and have started to produce very consistent results in multiple areas of this large property. We will continue to target a large, bulk tonnage configuration along with related high grade deposits. We continue to drill."

Consulting Geologist James Harris P.Geo, a Qualified Person under National Instrument 43- 101 guidelines, is supervising the Jackson's Arm drilling program and has reviewed the technical information contained in this News Release on behalf of the Company. Petro Drilling Company Limited of Springdale, Newfoundland is conducting the drilling. Core samples were taken from drillcore which was descriptively logged on site, aligned, marked for sampling and then split in half, longitudinally, using a diamond saw blade. One half the core has been preserved in core boxes for future reference. The samples, comprising the other half of the drillcore were bagged, sealed and delivered directly to the analytical laboratory under the supervision of Mr. Harris. Samples were processed and analyzed at Eastern Analytical Ltd., an assay laboratory based in Springdale, Newfoundland. Samples were crushed with a jaw crusher to 75% passing 10 mesh and split with a riffle splitter to approximately 250 grams. This sample was then pulverized to 95% passing 150 mesh and analyzed for gold utilizing a half assay ton, fire assay technique plus ICP-11. As part of the quality control program being implemented, Eastern Analytical is sending a pulp of 1 in 10 samples to Acme Analytical Laboratories Ltd. of Vancouver BC, an ISO 9001:2000 accredited laboratory for ICPMS check analyses. Analytical pulps and rejects will be retrieved by Kermode and retained.

Kermode acknowledges the financial assistance provided by the Government of Newfoundland and Labrador's Junior Company Exploration Assistance Program.

Proceeds from a recent flowthrough financing of Kermode by MineralFields Group of Toronto (www.mineralfields.com) are being used to fund this drill program.

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

ON BEHALF OF THE BOARD OF DIRECTORS
"D. Neil Briggs"
PRESIDENT AND DIRECTOR