Storm Exploration Inc. announced a non-brokered private placement of up to 833,333 Flow-Through Common Shares at a price of CAD 0.30 per unit for gross proceeds of up to CAD 249,999.9 on July 27, 2023. The transaction may include participation from current insiders of the company. All securities issued pursuant to the offering will be subject to statutory hold periods of four months in accordance with applicable United States and Canadian securities laws.

Subject to TSX exchange approval, finder's fee may be paid with respect to the transaction. The transaction is subject to approval from TSX Venture Exchange.