Mr. Bruce Counts reports

STORM REVISES MIMINISKA & KEEZHIK OPTION AGREEMENT

Further to Storm Exploration Inc.'s news release dated July 4, 2024, it has reached an agreement with Landore Resources Canada Inc. to extend, by up to 18 months, the dates for the remaining payments under the option agreement to acquire a 100-per-cent interest the Miminiska and Keezhik properties.

The remaining payments to Landore are shown in the attached table.

The Storm shares will be subject to a voluntary pooling arrangement that will allow 20 per cent of each instalment of shares to be released for trading on issuance (subject to the statutory hold period), an additional 40 per cent to be released on the first anniversary of the share issuance and the remaining 40 per cent to be released on the second anniversary of the share issuance. In addition, if Landore wishes to dispose of any shares, Storm will have the ability to find a buyer. Finally, if Landore acquires direction or control of 10 per cent or more of the issued shares of Storm, it will have the right to appoint one director to the board of directors, subject to TSX Venture Exchange acceptance.

Bruce Counts, the president and chief executive officer of the company, stated, "I would like to thank Landore for working with Storm to revise the agreement for Miminiska and Keezhik in a way that balances attractive commercial terms for Storm investors with the preservation of value for Landore".

Fort Hope projects

The Miminiska, Keezhik and Attwood properties are located within the traditional territory of the Eabametoong First Nation with whom Storm signed an exploration agreement see news release dated May 23, 2024. The properties projects are located within the Miminiska-Fort Hope greenstone belt, approximately 350 kilometres north of the city of Thunder Bay, Ont. Each project has the potential to host a multimillion-ounce orogenic gold deposit. In addition, the Attwood project also has the potential to host a significant base metal deposit.

The Miminiska property is the company's primary focus and hosts drill confirmed, high-grade gold mineralization at two primary prospects: Miminiska and Frond. Historical assays include 5.75 grams per tonne (g/t) gold (Au) over 20.84 metres (m) and 13.95 g/t Au over 5.32 m with mineralization hosted in banded iron formation and associated shear zones.

Next steps

Plans for a financing to support a drill program to expand and extend known mineralization at the Miminiska prospect will be announced in the coming days.

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 four district-scale projects in northwestern Ontario: Miminiska, Keezhik, Attwood and Gold Standard.

We seek Safe Harbor.