Mr. Bruce Counts reports

STORM COMPLETES OPTION PAYMENT FOR MIMINISKA AND KEEZHIK

Storm Exploration Inc. is exercising its option to convert the upcoming cash instalment payment of $275,000 into shares of the company. The company will issue a total 8,332,071 common shares at a deemed price of 3.3005 cents per share as payment due under the option agreement, as amended, with Landore Resources Canada Inc.

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

The option agreement contemplates the company's acquisition of a 100-per-cent interest in the Miminiska and Keezhik properties from Landore Resources Canada Inc., a wholly owned subsidiary of Landore Resources Ltd., subject to, amongst other things, scheduled payments. For further details with respect to the option agreement, please refer to the company's news releases dated May 10, 2021, June 6, 2024, July 4, 2024, and Aug. 19, 2024, available for viewing on the company's profile on SEDAR+.

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). 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 Au (gold) 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.

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, chief executive officer and a director of Storm Exploration and 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.

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