KERMODE RESOURCES LTD. : http://www.kermode.com/ : QwikReport

News

January 29, 2018
Kermode to Focus on Eastgate Gold Project in Nevada

Kermode Resources Ltd. (KLM:TSX-V) January 29, 2018 announces the successful completion of a transaction to sell the company's long-held Jackson's Arm Gold Deposit (the "Project") in Newfoundland, Canada. Anaconda Mining Inc. (ANX:TSX) acquired 100% of the Project for cash and shares of ANX, the current value of which is approximately $550,000. The terms are detailed below.

"Kermode Resources has initiated the first move in the process of moving on after a long period of hibernation. This asset has been a cornerstone asset of our company for many years and will be a benefit to Anaconda Mining. Between 1986 and 2008, we drilled approximately 130 of the 183 holes used to establish a NI 43-101 compliant resource estimate of 495,000 ounces of gold. While it was a difficult decision to sell this asset, this deal gives us the opportunity to focus on the Eastgate Gold Project in Nevada, which we intend to consolidate and advance." says Don Moore, CEO and Chairman of Kermode Resources.

Transaction terms: Anaconda Mining acquired 100% of the Jackson's Arm Gold Deposit with no residual interest held by Kermode Resources.

Anaconda Mining paid Kermode Resources an initial cash payment of $25,000 and $500,000- equivalent of ANX common shares, equal to 1,113,218 common shares ("Consideration Shares") based on the twenty-day volume weighted average trading price ending as of January 24, 2018. Anaconda Mining will also pay Kermode Resources an additional cash payment of $25,000 on February 26, 2018. The Consideration Shares are subject to a hold period which will expire on May 27, 2018 in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws and are also subject to further transfer restriction pursuant to the terms of the transaction.

About Eastgate Gold Project: Kermode Resources currently owns 15% of the Nevada Eastgate Gold Project, which has an extensive history of gold mining and exploration. Eastgate features a well- developed but largely untested hydrothermal system. The exploration objective is to define a high- grade, low sulphidation epithermal gold-silver deposit. The target has never been systematically tested at depth or along strike. The company's primary objective is to consolidate ownership of the project.

ON BEHALF OF THE BOARD

"D. Neil Briggs"

DIRECTOR

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

File: http://www.kermode.com/i/pdf/2018-01-29_NR_REV_KLM.pdf
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May 25, 2015
Kermode/Boss Eastgate Agreement

Kermode is pleased to announce it has reached agreement to sell part of its interest in its Nevada Eastgate gold project to Boss Power.

Under the terms of the agreement, Boss will purchase one-half of Kermode's 30% interest in the property for US$250,000 and have the right to participate with Kermode in the underlying agreement that Kermode has with Blue Ridge Gold (see NR May 10,2012).

Boss will purchase, in two transactions, each involving the payment of US$ 200,000 to Blue Ridge for an additional 15% interest, the next 30% interest in the Eastgate property.

Following the completion of the purchases, Boss will hold a 45% interest, Kermode will hold a 15% interest and Blue Ridge will hold the remaining 40% interest in the Property subject to the Blue Ridge agreement with Kermode.

Subject to Boss completing the purchase of an aggregate 45% interest in the Property, Kermode and Boss will jointly and equally participate in the remaining purchases of a 15% interest and a 25% interest in the Property pursuant to and as contemplated by the Blue Ridge Agreement.

Either Kermode or Boss may elect not to complete its share of the purchases and the other Party may complete the purchases entirely for its own account or may also elect not to complete its share in which case they will enter into a joint venture and joint venture agreement with each other and Blue Ridge pursuant to and as contemplated by the Blue Ridge Agreement.

ON BEHALF OF THE BOARD

"D. Neil Briggs"

DIRECTOR

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
File: http://www.kermode.com/i/pdf/2015-05-25_NR.pdf
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June 23, 2014
Kermode purchases a 30% direct interest in Eastgate Gold Property, Kermode Terminates Demerara Option

Kermode has now made payments under the terms of its Agreement with Blue Ridge Gold LLC, (a private Nevada company) and has purchased a direct 30% interest in the Eastgate Gold Property, Nevada.

Kermode can acquire up to a 100% interest in the Eastgate Gold Property from Blue Ridge subject to a 3% NSR with buy down provisions on 1%.

The Eastgate property provides a unique opportunity to explore a well-developed hydrothermal gold-silver system with historic evidence to support the presence of a high grade, low sulphidation epithermal gold deposit.

There are multiple sub-parallel quartz-adularia veins throughout the property. Small-scale historic production, as well as work carried out by various groups over the past 30 years, has established that significant gold and silver are present in the system.

The target has never been fully and systematically tested at depth or along strike, and core drilling has never been carried out on the project.

Kermode has terminated its option agreement with Demerara Gold Corp pursuant to the terms of the agreement. Kermode will now seek financing opportunities for the exploration of the property.

Epithermal gold targets, particularly when located in prolific jurisdictions such as Nevada, can yield great rewards. Kermode has an excellent opportunity to uncover Eastgate's potential.

Please visit Kermode's website at www.kermode.com for further details.


ON BEHALF OF THE BOARD

"D. Neil Briggs"

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
File: http://www.kermode.com/i/pdf/2014-06-23_NR.pdf
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April 28, 2014
Kermode Closes Second Unit Eastgate Project Financing

Kermode is pleased to announce that it has closed its $225,000 Second Unit financing with Demerara Gold in accordance with the terms described in Kermode's News Release of April 24, 2014. All securities issued pursuant to this financing are subject to a hold period expiring four months and one day from the date of issuance.

Proceeds of the financing will be used to meet an upcoming option payment due to Blue Ridge Gold LLC, the underlying vendor of Kermode's flagship Eastgate Project in northern Nevada. Eastgate is a high- grade, low sulphidisation, gold silver epithermal system located in Nevada, North America's largest producer of gold and a mining-friendly jurisdiction.

Please visit Kermode's website at www.kermode.com for further details.

ON BEHALF OF THE BOARD

"D. Neil Briggs"

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
File: http://www.kermode.com/i/pdf/2014-04-28_NR.pdf
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April 01, 2014
Private Placement; Resignation of Adrian O'Brien as President

Further to Kermode's previous news release, the Company confirms its intention to complete a non-brokered private placement financing for proceeds of $100,000, to be used for general working capital purposes. The Company will issue 2,000,000 shares at a price of $0.05 per share, to insiders and non-insiders. The financing is subject to TSX Venture Exchange final acceptance.

Kermode also announces the resignation of Adrian O'Brien in his capacity as President of the Company; however he will remain a Director of the Board.

ON BEHALF OF THE BOARD

"D. Neil Briggs"

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
File: http://www.kermode.com/i/pdf/2014-04-01_NR.pdf
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