An anonymous director reports

STORM EXPLORATION ANNOUNCES SHARES FOR DEBT TRANSACTION

Storm Exploration Inc. intends to settle an aggregate of $219,000 of indebtedness owed to certain arm's-length and non-arm's-length creditors through the issuance of an aggregate of 4.38 million common shares at a deemed price of five cents per common share. The transaction is subject to acceptance by the TSX Venture Exchange. Completion of the transaction will allow the company to improve its working capital deficiency position and the independent directors of the company believe the transaction is in the best interests of the company.

The insider portion of the debt settlement being an aggregate of $160,000 indebtedness is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in that the fair market value of the consideration for the securities of the company to be issued to insiders does not exceed 25 per cent of its market capitalization. All common shares issued to settle the debt will be subject to a hold period of four months and one day from the date of issuance.

About Storm Exploration Inc.

Storm Exploration is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on five district-scale projects in Canada: Miminiska, Toogood, Keezhik, Attwood and Gold Standard.

We seek Safe Harbor.