Mr. Ken Konkin reports

GOLDSTORM METALS ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT FINANCING

Goldstorm Metals Corp. intends to complete a non-brokered private placement of securities to raise total gross proceeds of up to $1.5-million. The offering will be composed of a combination of: (i) non-flow-through units to be sold at a price of 18 cents per NFT unit; and (ii) flow-through units of the company to be sold at a price of 20 cents per FT unit.

Each NFT unit will consist of one non-flow-through common share of the company and one-half of one common share purchase warrant. Each FT unit will consist of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one warrant. Each warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of 35 cents at any time on or before that date which is 24 months after the closing date of the offering. The exact number of NFT units and FT units sold will be determined at closing.

The gross proceeds received from the sale of the FT units are expected to be used for work programs on the company's exploration properties, and the net proceeds received from the sale of the NFT units are expected to be used for general working capital purposes.

In connection with the offering, the company may pay certain finders a fee composed of cash, finders' warrants or both, based on the proceeds raised from the sale of securities to purchasers introduced to the company by such finders.

All securities to be issued pursuant to the above referenced offering will be subject to a statutory four-month hold period. The offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.

About Goldstorm Metals Corp.

Goldstorm is a precious and base metal exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. Goldstorm's flagship projects Crown and Electrum cover an area that totals approximately 16,469 hectares over six concessions, of which five are contiguous. The Crown project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corp.'s Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of B.C., is situated directly between Newmont's Brucejack mine, approximately 20 kilometres to the north, and the past-producing Silbak Premier mine, 20 kilometres to the south.

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