First Property Acquisition for New Rencore Resources

TORONTO, ONTARIO--(Marketwire - June 7, 2010) - Rencore Resources Ltd. (formerly Kermode Exploration Ltd.) ("Rencore" or the "Company"), following its name change and new management direction resulting from the Annual General and Special Shareholders Meeting held on June 1, 2010, is pleased to announce its first mineral property acquisition. For staking costs and a finder's fee of 25,000 common shares, Rencore will acquired a 100% interest in 22 mineral claims (344 units) covering approximately 5544 hectares in the Parks Lake area of northern Ontario, south of Beardmore.

The new claims cover a strong copper-nickel-PGM target recently outlined by the Ontario Geological Survey from a high density lake sediment and water geochemical survey completed during 2006 and highlighted for further investigation in the Ontario Government's Recommendation for Exploration 2009-2010.

A cluster of first order lake sediment chromium-nickel anomalies are coincident with magnetic highs in the Parks Lake area and the claims were staked in order to acquire mineral rights to possible source areas for the interesting geochemical anomalies.

Prospecting and geophysical surveys to be conducted over the Rencore claims will attempt to outline drill targets within the very broad, multi-site Cu-Ni anomalous area trending in a south easterly direction for approximately 30 km. The Company considers this a very interesting MMS type copper-nickel exploration target as exemplified elsewhere in the province within mafic to ultramafic intrusive rocks.

An airborne EM survey will be contracted to Geotech Ltd. of Aurora, Ontario to locate conductive targets for ground follow-up work in the current field season.

Richard Nemis, President and CEO of the Company reports this property acquisition is the first of several exciting exploration opportunities under consideration by his Rencore exploration team consisting of several former explorationists associated with him during their recent "Ring of Fire" discoveries now being considered for development in the James Bay Lowlands of Ontario.

The technical information in this press release was reviewed and approved by John Harvey, P. Eng. , Chief Operating Officer for Rencore and a qualified person (QP) for the purposes of NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

"R. Nemis"

President and Chief Executive Officer

Cautionary Note Regarding Forward­Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.