Mr. Ken Konkin reports

GOLDSTORM METALS ANNOUNCES UPSIZE OF LIFE OFFERING UP TO $7,000,000

Due to strong investor demand, Goldstorm Metals Corp. has increased the size of its non-brokered private placement, previously announced on April 9, 2026, from $4-million to up to $7-million, consisting of the sale of any combination of: (i) units at a price of 20 cents per hard-dollar unit; (ii) flow-through units at a price of 24 cents per flow-through unit; and (iii) charity flow-through units at a price of 31 cents per charity flow-through unit.

Each hard-dollar unit will comprise one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 30 cents per common share for a period of 36 months following the closing of the offering.

Each flow-through unit and charity flow-through unit will comprise one common share and one-half of one warrant, both to be issued as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

It is anticipated that the gross proceeds from the issue and sale of the flow-through units and charity flow-through units will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act and flow-through mining expenditures as defined in Subsection 127(9) of the tax act that will qualify as flow-through critical mineral mining expenditures and British Columbia flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2027, and renounced with an effective date no later than Dec. 31, 2026, to the initial purchasers of flow-through units and charity flow-through units. The net proceeds of the sale of hard-dollar units are anticipated to be used for general and administrative working capital and other corporate purposes.

The offering is expected to close on or about the week of April 30, 2026, and is subject to certain conditions, including, but not limited to, receipt of TSX Venture Exchange approval.

There is an amended and restated offering document related to this offering that can be accessed under the company's profile on SEDAR+ and at the company's website. Prospective investors should read this amended and restated offering document before making an investment decision.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the offering is being made to purchasers resident in all provinces of Canada, except Quebec, in the United States and in certain foreign jurisdictions, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The hard-dollar units, flow-through units and charity flow-through units offered under the listed issuer financing exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.

Research Capital Corp. is acting as a finder in connection with the offering. The company may pay certain finders a cash fee equal to 6.0 per cent of gross proceeds raised from investors introduced by such finders and a number of non-transferable finder warrants equal to 6.0 per cent of the number of hard-dollar units, flow-through units and/or charity flow-through units sold under the offering to investors introduced by such finders. Such finder warrants shall entitle the holder to acquire one hard-dollar unit at a price of 20 cents per hard-dollar unit for a period of 36 months following the closing of the offering.

About Goldstorm Metals Corp.

Goldstorm Metals is a precious and base metals 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 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 British Columbia, is situated directly between Newmont Corp.'s Brucejack mine, approximately 20 kilometres to the north, and the past-producing Silbak Premier mine, 20 kilometres to the south.

We seek Safe Harbor.