Storm Provides Update on Miminiska & Keezhik Option Agreement

VANCOUVER, July 4, 2024 - Storm Exploration Inc. (TSXV:STRM) ("Storm" or the "Company") today provides the following update on the option agreement (the "Agreement") to acquire a 100% interest in the Miminiska and Keezhik properties from Landore Resources Canada Inc., a wholly owned subsidiary of Landore Resources Ltd. ("Landore") (see May 10, 2021 news release here).

Storm acknowledges that the payment due June 28^th 2024, as defined in the amended Agreement (see June 6, 2024 news release here), was missed. The Company is in active discussions with the management of Landore to revise the Agreement given the time required to successfully complete an Exploration Agreement with the Eabametoong First Nation, in whose traditional territory the projects are located (see May 23, 2024 news release here).

Bruce Counts, President and CEO of Storm stated, "I look forward to working with Landore's new management to restructure the Agreement in a way that is beneficial to both parties."

About Storm Exploration Inc.

Storm Exploration Inc. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company's strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For further information, please contact:

Storm Exploration Inc.
+1 (604) 506-2804
bcounts@stormex.ca

SOURCE: Storm Exploration Inc.