Mr. Bruce Counts reports

STORM COMPLETES OPTION PAYMENT FOR MIMINISKA AND KEEZHIK

Storm Exploration Inc. has completed an option payment consisting of $262,500 cash and the issuance of 4,740,864 common Storm shares at a deemed price of 5.2733 cents per share in connection with its option agreement with Landore Resources Canada Inc. to acquire a 100-per-cent interest in Miminiska and Keezhik projects.

The payment to Landore was made in conjunction with the amendment to the option agreement announced Aug. 19, 2024. The remaining option payments under the amended agreement are subject to TSX Venture Exchange acceptance.

"It is rare to have an opportunity to acquire district-scale projects like Miminiska and Keezhik that have extensive, drill-confirmed high-grade gold endowment but are largely unexplored," commented Bruce Counts, president and chief executive officer of Storm. "We are eager to advance both properties beginning with the drill-ready Miminiska target, which has the potential to host a significant gold deposit."

About the Miminiska and Keezhik projects

The Miminiska and Keezhik projects 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: "Storm Exploration and Eabametoong First Nation Sign Exploration Agreement"). The projects lie within the prospective geology of 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.

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.

Approximately 3,000 m of drilling is planned for the Miminiska target, which is located at the western end of Miminiska property. The goal of upcoming drill program is to confirm the target's potential by expanding and extending the known high-grade, near-surface gold mineralization.

Qualified person

The technical contents of this news release have been reviewed and approved by Bruce Counts, BASc, PGeo, president, CEO and a director of Storm Exploration, and a qualified person under National Instrument 43-101.

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.