Mr. Ken Konkin reports

GOLDSTORM OUTLINES 2026 STRATEGY TO ADVANCE GOLD, SILVER AND COPPER TARGETS AT ITS 100%-OWNED CROWN PROPERTY

Goldstorm Metals Corp. has provided the company's 2026 strategy to advance its Crown property located in the heart of the Golden Triangle of British Columbia.

Summary of the 2026 exploration priorities:

• Initiate a phase 1 drill program at Crown of approximately 3,000 metres (m) targeting the Copernicus gold and copper geochemical trend overlying a 1.2-kilometre-long IP chargeability anomaly;
• Pursue a phase 2 drill program of approximately 6,000 m should the results from phase 1 drilling at the Orion Spine and Copernicus warrant it;
• Expand the size of the company's new Delta West discovery comprising multiple high-grade, gold-bearing, shear-hosted, parallel structures with prospecting, mapping and sampling programs;
• Prospect, map and sample the Electrum, Fairweather and Delta claims (EFD), where the company's Precious Metals EFD trend has produced high-grade gold and ultrahigh-grade silver values from historical prospecting and sampling.

Ken Konkin, PGeo, president and chief executive officer, comments: "We are very excited to continue with our strategies for advancing the Crown and Electrum projects, which we believe have the potential to be transformative for both the company and our shareholders. Crown's strategic location within one of the most exciting and underexplored mineral trends in recent years, combined with encouraging results from our exploration programs, provide a very optimistic outlook for the company. As we move forward, we anticipate the designing and completing of drill programs across multiple high-priority gold, copper and silver targets. There are two particular trends of interest; the Treaty-KSM Au-Cu-Ag porphyry trend, which appears to bisect the centre of the Crown claims and, secondly, a high-grade gold-silver trend to the east of the porphyry trend. The precious metal trend cuts though the eastern portion of the Crown property and includes the Electrum, Fairweather and Delta claim areas."

2026 strategy to advance the Crown gold, silver copper targets

The successful completion of last season's induced polarization (IP) and magnetotelluric (MT) programs in the central part of the property have significantly improved the company's understanding of the structural framework at the Crown project. The geophysical results suggest the presence of a large, intrusive body at depth, which may be the source of mineralized veins seen at surface in the Copernicus area. The favourable geophysical and geochemical results define an area measuring 1.2 km in a north-south direction, and over a kilometre east to west. Clearly, the company's priority focus for the next stage of exploration will be a diamond drilling program. It plans to begin with six drill holes dispersed throughout the kilometre-sized IP chargeability anomaly. This phase 1 drill program will consist of approximately 3,000 m, with an average hole length of 500 m. Phase 2 drilling could be considerably expanded, contingent upon the success of the phase 1 results. Figure 2 in the original version of this release illustrates a conceptual drill hole plan on a 3-D model, targeting the co-incident Au-Cu rock sample anomalies overlying the large chargeability anomalies. Once targets are finalized and the budget and logistics are confirmed for the proposed 2026 exploration program, the company will release a final phase 1 drill hole plan complete with sections.

Concurrent to the drill program, geological crews will aggressively follow-up on the company's recent high-grade gold-silver-copper discoveries, exploring along their trends. The company's continuing mapping, sampling and prospecting programs have greatly contributed to the discovery of new zones, and have augmented our geological understanding of the area. The company's geological team will focus efforts on fleshing out discoveries and expanding on the company's known mineralized areas, including Orion Spine, Delta West and the Electrum-Fairweather-Delta (EFD) precious Au-Ag trend. The prospecting, sampling and mapping program will commence as soon as snow levels permit access to the lower elevations.

Numerous historical high-grade Ag-Au samples have been collected along the EFD trend from narrow hydrothermal vein and veinlet stockwork systems. Core samples obtained from the 2025 Electrum drill program encountered silver grades approaching one kilogram per tonne. Historical surface sampling along the EFD trend has yielded numerous, ultra high-grade multikilograms per tonne silver values, some exceeding 10 kilograms per tonne, on each of the three claim areas that comprise EFD.

Given the recent rise in silver and gold metals prices, exploring this trend will be one of the company's highest priorities for its reconnaissance teams during the 2026 campaign. In particular, the company will be focusing on its new discovery at Delta West, which has returned gold values exceeding 39 g/t, on trend directly south of the Brucejack Valley of the Kings deposit.

Warrant exercise program

Goldstorm Metals also announces the successful completion of its accelerated warrant exercise program, pursuant to which 100 per cent of the company's outstanding common share purchase warrants were exercised. The program was originally announced in the company's press release dated Dec. 15, 2025, whereby the expiry date of the warrants was accelerated to Jan. 15, 2026. Under the program, a total of 12,720,740 common shares were issued upon the exercise of 12,720,740 outstanding warrants, generating aggregate gross proceeds of $1,272,074 for the company. The completion of the program aligns with the company's 2026 strategy to advance its Crown property.

Qualified person

The qualified person for this news release for the purposes of National Instrument 43-101 is the company's president and chief executive officer, Ken Konkin, PGeo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

QA/QC (quality assurance/quality control)

All samples were prepared at MSA Labs' preparation laboratory in Terrace, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. Gold was assayed using a fire assay with atomic absorption (AA) spectrometry finish. Samples over 10 parts per million gold were fire assayed with gravimetric finish. All samples were analyzed by four acid digestion with multielement ICP-MS, with silver and base metal overlimits being reanalyzed by emission spectrometry. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the company.

About Goldstorm Metals Corp.

Goldstorm Metals is a precious and base metals exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. Goldstorm's flagship projects, Crown and Electrum, cover an area that totals 16,469 hectares over six concessions, of which five are contiguous. The Crown project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corp.'s Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of British Columbia, is situated directly between Newmont Corp.'s Brucejack mine, approximately 20 kilometres to the north, and the past-producing Silbak Premier mine, 20 kilometres to the south.

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