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KLM: TSX-V
$0.02

News

Sep 25, 2003

Private Placement

#2003-18

Kermode Resources is pleased to announce a non-brokered private placement. The Company will issue 2,500,000 flow-through shares at a price of $0.30 per share for proceeds to the company of $750,000. A finder's fee will be paid. It is anticipated that the placement will be fully subscribed to by various flow-though Funds.

Kermode will use the proceeds of this financing to continue exploration on the company's Jackson's Arm gold property in Newfoundland. The majority of these funds will be used for drilling.

ON BEHALF OF THE BOARD OF DIRECTORS

"D. Neil Briggs"

DIRECTOR

No Stock Exchange Has Approved or Disapproved The Information Contained Herein