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Jun 04, 2003

Report compares Jackson's Arm to Carlin

#2003-09

Kermode Resources Ltd. is pleased to report that Dr. Derek H. C. Wilton has reviewed data from Kermode's Jackson's Arm gold property in western White Bay, Newfoundland and found that the rock-types and general geology at Jackson's Arm very strongly supports its identification as a possible Carlin analogue.

The Carlin trend in northeastern Nevada forms the largest and most productive accumulation of gold deposits in North America and the third largest gold producing region in the world. More than 50 million ounces of gold have been produced to date from 26 separate deposits in the Carlin trend. The disseminated extremely fine-grained Carlin-type gold deposits were first discovered in carbonate rocks in 1961.

Dr. Wilton has an extensive knowledge of Newfoundland geology and mineral deposits particularly gold deposits. He has completed extensive research on mineral deposits in Newfoundland since 1984. Dr. Wilton is a professor in the Department of Earth Sciences, Memorial University of Newfoundland. Most recently he has co-authored a number of papers on Newfoundland gold mineralization.

Dr. Wilton's report concludes, in part:

"In terms of a full range of diagnostic criteria, the sediment-hosted auriferous mineralization in the area of the Jackson's Arm Property could be broadly classified as being analogous to Carlin-type. These parameters range from very large regional scale, such as similar tectonic setting, lithologies, and regional geochemical anomalies, to local scale, such as deposition in permeable (both structural and stratigraphic) horizons, down to microscopic, as micron-sized, Ag-poor, gold grains in pyrite. "

The complete report entitled "A Review of Auriferous Mineralization at the Jackson's Arm Property, Western White Bay, Newfoundland (NTS 12H/15) and the Potential for Sediment-Hosted Disseminated Gold (Carlin) Style Occurrences" is available on the Kermode website at www.kermode.com.



ON BEHALF OF THE BOARD OF DIRECTORS

"Donald G. Moore"


PRESIDENT & DIRECTOR

No Stock Exchange Has Approved or Disapproved The Information Contained Herein