Storm closes oversubscribed $2.95M private placement

VANCOUVER, BC / ACCESS Newswire / July 27, 2026 / Storm Exploration Inc. (TSXV:STRM) (" Storm " or the " Company ") is pleased to announce that it has closed the non-brokered private placement (the " Offering ") previously announced on July 2nd, 2026 .

Highlights

Gross Proceeds : $2,953,724 , including $1,543,524 in charity flow-through raised at a 45% premium

Securities Issued: 7,070,571 shares and 3,821,501 warrants, including 286,216 finder warrants

Proceeds from the Offering will, in part, be used to finance drilling at the Company's 100% owned Gold Standard Project located approximately 60km north of Fort Frances in northwestern Ontario, Canada.

Storm is exploring a large VMS target at Gold Standard that is characterized by a strong, 5km-long conductivity anomaly that is coincident with four shallow holes drilled by Inco in 1969 and 1970, all of which intersected copper and zinc sulphide mineralization (see Figure 1). A detailed description of the Gold Standard Project was provided in a news release issued by the Company on May 27th, 2026 .

Figure 1: Image of Gold Standard Project showing VMS target

Details of the Offering

The Offering raised gross proceeds of $2,953,724 with the sale of the following:

4,029,143 non flow-through units (the " Units ") at a price of $0.35 per Unit. Each Unit consists of one (1) non flow-through common share of the Company (a " Share ") and one-half (1/2) of a common share purchase warrant (each whole share purchase warrant, a " Warrant "). Each Warrant entitles the holder to acquire one (1) additional common share at a price of $0.50 per share until July 24, 2028; and

3,041,428 charity flow-through units (the " CFT Units ") at a price of $0.5075 per CFT Unit. Each CFT Unit consists of one (1) flow-through share (a " FT Share ") and one-half (1/2) of a Warrant. (collectively, the Units and the CFT Units are the " Offered Securities ")

In connection with the sale of the Offered Securities, Storm paid a total of $62,171 in cash to arm's length finders (each, a " Finder "). Storm also issued a total of 286,216 non-transferable share purchase warrants to eligible Finders, on the same terms as the Warrants, all in accordance with the policies of the TSX Venture Exchange (" TSXV ").

All securities issued are subject to a four-month and one day hold period expiring on November 25, 2026.

The gross proceeds from the sale of the CFT Units will be used by Storm to incur eligible "Canadian exploration expenses" (" CEE "), which qualify as "flow-through critical mineral mining expenditures" under the Income Tax Act (Canada), and to renounce such qualifying expenditures to the purchasers of the CFT Units with an effective date of no later than December 31, 2026, in an aggregate amount not less than the gross proceeds raised from the issuance of the CFT Units. The net proceeds from the sale of the Units will be used to advance Storm's gold and base metal properties in northern Ontario and for general working capital purposes.