Kermode Resources Ltd. initiates a property purchase option agreement for the GOLD RUSH project in British Columbia as an exempt transaction in TSX Venture Exchange policy. The asset to be acquired comprises an early-stage exploration project with 1 mineral claim covering approximately 405 hectares in the Province of British Columbia under the following claim number: 1109675. The parties to the agreement are: Justin Deveault, Michael Deveault, Justin McNutt, and Bill van Osterom.

The vendors are arm's length to Kermode. The proposed consideration and method of payment are as follows: TERMS of the PURCHASE option: No shares of Kermode payable at any time. A single cash payment of either: (A) $50,000 on or before 2nd anniversary; or (B) $100,000 on or before the 4th anniversary.