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KLM: TSX-V
$0.01

News

May 13, 2008

Non-Brokered Private Placement

Kermode Resources is pleased to announce it has arranged a non-brokered private placement consisting of 2 million shares at $0.10 per share for proceeds of $200,000.

Kermode will pay a finder's fee of 6% of funds raised payable either in cash or shares. Completion of this financing is subject to TSX Venture Exchange acceptance. All of the securities issued pursuant to this offering will have a hold period expiring four months from the closing date

The funds will be used towards property acquisitions and working capital.

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

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