Mr. Bruce Counts reports

STORM RETAINS ALTITUDE CAPITAL

Storm Exploration Inc. has engaged Altitude Capital Consultants Inc., led by capital markets practitioner Michael A. Wekerle.

Bruce Counts, president and chief executive officer, stated: "Storm is pleased to be working with Altitude to expand its capital markets presence. Mr. Wekerle's experience in capital markets is extensive and he has a remarkable track record of success in the industry. This engagement will allow Storm to benefit from his knowledge of the industry, as well as his enviable network of investors and financial institutions. Altitude's capital markets advice to the company will be invaluable as we focus our efforts on advancing the Miminiska gold project, located in Northwestern Ontario."

Mr. Wekerle believes that Storm's Miminiska project is "perfectly timed to capitalize on current market conditions, particularly due to the increasing demand for gold as a safe-haven asset. I see the project's rich mineral potential, coupled with its strategic location in a stable jurisdiction, as aligning perfectly with the current economic landscape. This, combined with innovative exploration strategies, makes the Miminiska project a 'perfect storm' of opportunity for investors looking to capitalize on gold's enduring value."

Mr. Wekerle has had a very successful career in capital markets. Early in his career, he joined First Marathon and quickly rose up to become the head trader for the firm, where he was a key player in Rogers' takeover of McLean Hunter in 1994. He then joined GMP (Griffiths McBurney and Partners) as vice-chairman of trading, where he was involved with the 1997 initial public offering of Research in Motion (RIM). In 2012, he formed his own firm, Difference Capital, where he invested in companies such as Thunderbird Films, Vision Critical, Appinions and HootSuite. Mr. Wekerle is known for the four seasons (seasons 9 through 12) that he was an investor on the Canadian television show, Dragon's Den.

The company has granted stock options in accordance with the terms and conditions of its rolling stock option plan, entitling the purchase of an aggregate 2,015,000 common shares by certain directors, management and consultants to the company. Each stock option will be exercisable at seven cents per common share, with one million expiring Sept. 2, 2027, and the remainder expiring Sept. 2, 2029. The grant of 65,000 of the Sept. 2, 2029, expiring options is subject to the approval of the TSX Venture Exchange.

Fort Hope projects

The Miminiska, Keezhik and Attwood properties are located within the traditional territory of the Eabametoong First Nation, with which 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* and 13.95 g/t Au over 5.32 m* with mineralization hosted in banded iron formation and associated shear zones.

* Historical results have not been independently verified by Storm and there is no guarantee that the company can reproduce the results in whole or in part. Potential investors should not rely on these historical results when making an investment decision.

Next steps

Plans for a financing to support exploration work 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.