Storm Exploration Modifies Agreement with Naicatchewenin First Nation

Storm Exploration Inc., based in Vancouver, has revised its Memorandum of Understanding with the Naicatchewenin First Nation. This amendment involves the company's Gold Standard Project in northwestern Ontario, providing a framework for ongoing consultation and community involvement through employment and business opportunities.

The modified agreement outlines quarterly contributions to a community fund by Storm, based on exploration expenditures, starting from May 2022. Additionally, Storm will issue common shares to the NFN, contingent on exploration activities, with specific amounts designated over the next four years.

The Gold Standard Project, located in the Manitou-Stormy Lake greenstone belt, is poised for gold and base metal exploration. Historical small-scale mining operations from the early 1900s, along with modern surveys, indicate significant mineralization potential.