Kermode Resources Ltd V.KLM

Alternate Symbol(s): KMDRF

Metals & Mining Industrial Metals & Minerals

Kermode Resources Ltd. is a Canada-based junior mining company. The Company’s main business is the acquisition, exploration and development of natural resource properties. Its exploration properties include Lucky Strike, Star of the West, Caycuse Copper, Loup Creek, and Santana Mines (LOI). The Lucky Strike property is located in Nitinat, British Columbia and covers an area of approximately 3005 hectares. The Star of the West property is located in Port Alberni, British Columbia and covers an area of 3427 hectares. Its Caycuse Copper property is located in Caycuse, British Columbia and covers an area of 1532 hectares. The Loup Creek property is located 30 kilometers (kms) from Lake Cowichan and is accessible through the Gordon River Main Logging Road. The Santana Mines is located at Quadra Island, British Columbia. The Company also has an option agreement to acquire three properties, namely 911 Knockout, Eastgate BC and Slesse Creek.

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Kermode Resources Ltd

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Post by Newton1234on Jun 23, 2023 3:24pm

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Post# 35511915

Kermode Resources options Slesse Creek

https://www.stockwatch.com/News/Item/Z-C!KLM-3424942/C/KLM

Kermode Resources options Slesse Creek

2023-06-22 07:39 ET - News Release

Mr. Peter Bell reports

KERMODE OPTIONS SLESSE CREEK PROJECT IN BC

Kermode Resources Ltd. has optioned the Slesse Creek project as per the terms announced May 10, 2023.

The project land position covers 1,567 hectares. The claim numbers are 1103855, 1104184, 1102836, 1102889, 1103856, 1104185, 1102758, 1101588, 1101879, 1102837, 1101878.

  TERMS OF THE PURCHASE OPTION Exploration Cash Securities commitments Exchange approval $0 4,000,000 shares $0 Year one $0 4,000,000 shares $0 Year two $0 9,000,000 shares $0

There are no cash payments and no work commitments. There is a 1-per-cent royalty with a $1-million buydown to eliminate the royalty and a 10-per-cent sale participation right for 10 years. There shall be an area of interest clause whereby the terms of this deal shall apply to any contiguous property that shall be acquired by either party or any property acquired within a five-kilometre radius.

All shares issued pursuant to the option agreement will be subject to resale restrictions under applicable securities legislation and the rules of the TSX Venture Exchange. The price of shares issued shall be one cent.

About Kermode Resources Ltd.

Kermode is a junior mining company hunting for exploration opportunities around the world.

We seek Safe Harbor.