Mr. Bruce Counts reports

STORM EXPLORATION: UPDATE ON OPTION PAYMENT FOR MIMINISKA AND KEEZHIK

Further to Storm Exploration Inc.'s news release dated March 21, 2025, it has issued 6,239,385 common shares at a deemed price of 3.3005 cents per share to Landore Resources Canada Inc. (the optionor) as partial payment due under the option agreement dated May 5, 2021, as amended, with the optionor.

The company has issued an aggregate of 8,332,071 shares to the optionor as payment of the $275,000 cash instalment due under the option agreement, which will result in the optionor holding approximately 15.8 per cent of the company's issued and outstanding shares as of today's date.

The number of shares issued was calculated using the 30-day VWAP (volume-weighted average price) in accordance with the option agreement and was subject to TSX Venture Exchange approval. All shares issued will be subject to a voluntary pooling arrangement (see the company's news release dated Aug. 19, 2024), in addition to a hold period of four months and one day from the date of issuance, in accordance with the option agreement and the policies of the TSX-V.

The option agreement contemplates the company's acquisition of a 100-per-cent interest in the Miminiska and Keezhik properties from the optionor, 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, Aug. 19, 2024, and March 21, 2025, available for viewing on the company's profile on SEDAR+.

The company also today announced that Michael Sweatman has resigned from its board of directors. "I would like to thank Michael for his guidance and contribution to the company over the past five years," stated Bruce Counts, president and chief executive officer of Storm. The company's board of directors has commenced a search for an independent director with similar qualifications and board experience.

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 Northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard.

We seek Safe Harbor.