Kermode Resources Ltd. reported the assays for the first select surface samples from the Eastgate BC project near the Township of Eastgate, BC. Samples were shipped to Kamloops Actlabs and tested for gold by fire assay- gravimetric finish, and multi-element Aqua Regia partial digestion. The samples were taken from one area of interest known as the Pasayten showing as part of the 2023 exploration program with Aurum Vena Resources Corp.

at Eastgate BC. The initial 2023 reconnaissance work program consisted of locating and sampling the Pasayten mineral occurrence. Very limited historical information is known about the showing, with no recent exploration.

The Eastgate BC project is comprised of 3 mineral claims covering 296 hectares located directly north of Eastgate, BC. The property covers 2 known mineral occurrences including the Pasayten showing, all hosted in rocks of the Upper Triassic Nicola Group volcanics. The Pasayten showing is reported to host an adit about 51 metres long and another about 40 metres, with some shallow opencuts and trenches.

Mineralization is hosted in numerous narrow quartz veins in foliated mafic volcanics. The veins outcrop over a 400 by 300 metre area lying within and east of Lot 229 (A reverted crown grant.) The trenched and tunnelled vein contains pyrite, chalcopyrite, bornite, tetrahedrite and azurite. The presence of native gold and a telluride was reported but not confirmed.

Historical samples include a selected grab sample from the lower tunnel of the faulted vein assayed 4.8 grams per tonne gold, 20.6 grams per tonne silver and 4.5% copper. Ten grab samples of selected material from the veins assayed 0.03 to 30.65 grams per tonne gold, 1.1 to 13.6 grams per tonne silver, 0.12% to 1.39% copper and nil to 0.14% lead. Regionally, the area has a long history of gold exploration and mining mostly for placer gold in the surrounding watersheds.

Kermode Resources is grateful for the opportunity to work with Aurum Vena on the Eastgate BC project using a shares-for-services agreement. To earn 100% ownership of the project, Kermode must assign the vendors a Net Smelter Return royalty and a Sales Participation Right. The Net Smelter Return royalty is set at 5% with a buy-down of $5M five million dollars to reduce the royalty to zero.

The Sales Participation Right is set at 25% for a period of 10 ten years, where the right is calculated as a percentage of the gross proceeds from any transaction whereby Kermode sells any interest in the project. There are no exploration spending commitments, share payments, or cash payments.