Mr. Ken Konkin reports

GOLDSTORM COMPLETES PLANNING AND PERMITTING FOR THE 2026 EXPLORATION PROGRAM AT ITS 100%-OWNED CROWN COPPER, GOLD, SILVER PROPERTY

Final planning and permitting are complete for Goldstorm Metals Corp.'s 2026 exploration program at its Crown property, located in the heart of British Columbia's Golden Triangle. As part of this year's planning process, the company engaged a professional biologist to develop comprehensive wildlife safety procedures. With this work now completed, Goldstorm expects the 2026 exploration season to commence earlier than anticipated.

2026 exploration at the Crown property

The company plans to initiate its first-ever drill program on the Crown property. The phase 1 program is expected to consist of approximately 3,000 metres of diamond drilling focused on testing the Copernicus copper-gold geochemical trend, which overlies a 1.2-kilometre-long induced polarization (IP) chargeability anomaly. As well, initial drill testing will be undertaken at the newly discovered Delta West gold-mineralized zone. Subject to encouraging results from the phase 1 drilling, the company intends to proceed with a phase 2 drill program totaling approximately 6,000 metres.

In addition to drilling activities, Goldstorm plans to further expand the Delta West discovery through continued prospecting, geological mapping and sampling programs targeting multiple parallel, high-grade, gold-bearing, shear-hosted veins. The company also intends to conduct prospecting, mapping and sampling programs across the Electrum, Fairweather and Delta claims (EFD trend), in areas that have returned high-grade gold and ultrahigh-grade silver values from historical prospecting and sampling programs.

Ken Konkin, PGeo, president and chief executive officer, commented: "We are excited to commence the 2026 exploration program, particularly the first-ever drill testing of the Copernicus copper-gold porphyry target on the Crown property. With the wildlife safety plan now completed, we have the opportunity to begin the 2026 exploration program earlier than expected, should snow conditions allow. I will be visiting the property soon to evaluate the current conditions and determine when personnel, drill pad crews, and members of the technical team can safely and efficiently mobilize to begin the program."

Further to the company's news release dated April 30, 2026, announcing the closing of the company's non-brokered private placement of units, the company wishes to correct the number of finder warrants issued in connection with the financing. The company previously disclosed that 1,305,520 finder warrants were issued; however, the correct number of finder warrants issued was 1,307,320.

The company also reports that it has entered into an advisory agreement with Research Capital Corp. (RCC) pursuant to which RCC has agreed to act as financial adviser and provide advice and assistance in connection with defining strategic and financial objectives over a one-month term. Upon completion of the term, Goldstorm expects to compensate RCC by payment of $35,000 and issuance of 175,000 share purchase warrants. Each advisory warrant entitles the holder thereof to purchase one common share of the company at an exercise price equal to 20 cents for a period of three years following the date of issuance. The advisory warrants issued are subject to a hold period expiring four months and a day after the date of issuance. RCC is arm's length to the company. The advisory agreement and the compensation payable thereunder are subject to TSX Venture Exchange approval.

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 B.C., 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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