An anonymous director reports

STORM EXPLORATION COMPLETES DEBT SETTLEMENT

Storm Exploration Inc., further to its news release dated April 17, 2025, has settled an aggregate of $351,987 in outstanding debt, which included accrued management fees owing to a company controlled by a director and officer of the company, and accrued management fees to an officer of the company. In connection with the debt settlement, the company issued an aggregate of 7,039,742 common shares of the company at a price of five cents per share. All securities issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The portions of the debt settlement with the insider creditors of the company (being a total of $81,500) constitute related party transactions for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but the company is relying on the exemption from the formal valuation requirement in MI 61-101 provided under Section 5.5(b) of MI 61-101 on the basis that the company's shares are not listed on any of the specified markets listed in MI 61-101. The debt settlement with insiders is also exempt from the majority of the minority approval requirement in MI 61-101 under Section 5.7(1)(b) of MI 61-101 on the basis that the fair market value of the insider debt settlement is less than $2.5-million and the debt settlement with insiders were approved by all of the independent directors of the company.

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.