Storm Exploration Completes Key Option Payment

Storm Exploration Inc. has fulfilled a significant option payment to acquire a 100% interest in the Miminiska and Keezhik projects from Landore Resources Canada Inc. The transaction involved a cash payment of $262,500 and the issuance of 4,740,864 common shares at a price of $0.052733 each. This step follows an amendment to the option agreement announced in August 2024.

President and CEO Bruce Counts highlighted the strategic value of acquiring these district-scale projects with confirmed high-grade gold zones yet largely unexplored. The Miminiska property, located in Ontario within Eabametoong First Nation's territory, is a primary focus due to its potential for hosting a significant gold deposit.

Approximately 3,000 meters of drilling is planned for the Miminiska target to assess and expand the known high-grade gold mineralization. However, historical assay results referenced are unverified, and there is no assurance of replicating past results.