Kermode Resources Ltd. initiated a property purchase option agreement for the OGIE GOLD 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 205 hectares in the Province of British Columbia under the following claim number: 1111023. The parties to the agreement are: Milosz Mielniczuk, James Vigh, Luc Lesage, and Clayton Jones.

The vendors are arm's length to Kermode. 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.

Other Terms & Conditions: - 1% "Net Smelter Return Royalty" payable to the Owners, which can be bought-down to zero for one million dollars $1,000,000 entirely or in part at any time. - 10% "Sales Participation Right" payable for any transaction in the following ten years equally to each of the Owners.