Mr. Adrian O'Brien reports:
Kermode Resources Ltd. has closed a non-brokered private placement of 6.3 million shares at five cents per share, for gross proceeds of $315,000 as previously announced on December 4th, 2012. The private placement was oversubscribed. The company plans to utilize the proceeds of this financing for working capital purposes. All of the shares issued are subject to a 4 month hold period following the date of issuance. No finder's fees were paid.
Further information is available at www.kermode.com
ON BEHALF OF THE BOARD
PRESIDENT and DIRECTOR
Forward-Looking Statements: This Kermode Resources Ltd. news release may contain certain "forward-looking" statements and information relating to Kermode which are based on the beliefs of Kermode management, as well as assumptions made by and information currently available to Kermode management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.