Storm Exploration Issues Shares for Miminiska and Keezhik Option Agreement

Storm Exploration Inc. has issued 2,092,686 common shares to Landore Resources Canada Inc. as partial payment under their option agreement related to the Miminiska and Keezhik properties. Each share was valued at $0.033005. This issuance follows their March 2025 announcement regarding the payment plan.

The company plans to issue an additional 6,239,385 shares to Landore upon receiving the necessary approval from TSX Venture. Once completed, Landore will hold 17.4% of the company's shares, fulfilling a $275,000 cash installment obligation.

The stock distribution adheres to a 30-day VWAP calculation, with shares subject to a pooling arrangement and a mandatory hold period. This agreement aims to grant Storm full ownership of the properties, contingent on fulfilling payment conditions.