May 30, 2008
Closing of Non-Brokered Private Placement
Kermode Resources is pleased to announce that further to its news release of May 13, 2008, it has closed on its previously announced private placement, raising gross proceeds of $200,000. The Company advises that it issued an aggregate of 2,000,000 shares at a price of $0.10 per share. A six percent finder's fee totalling $12,000 was paid in connection with the private placement.
All securities issued in connection with this private placement are subject to a hold period expiring on September 29, 2008.
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"