Mr. Bruce Counts reports

STORM EXPLORATION DEFINES VMS TARGET AT GOLD STANDARD

Storm Exploration Inc. has provided an update on exploration work currently under way at the volcanogenic massive sulphide target on its 100-per-cent-owned Gold Standard project located 60 kilometres north of Fort Frances in Northwestern Ontario, Canada.

Highlights:

• The very low frequency electromagnetic data confirm that a strong conductor is present 100 metres below surface that is coincident with the five-kilometre-long VTEM anomaly.
• Sulphide mineralization, including chalcopyrite, has been discovered in three separate locations at surface, coincident with the conductivity anomaly.
• The survey data indicate that the conductors strengthen and widen with depth.
• Crews have arrived at Gold Standard to complete the VLF-EM survey over the VMS target and commence a systematic surface rock sampling program along the conductor.
• An additional 1,672 hectares of prospective geology has been staked at Gold Standard.

"The work under way at Gold Standard continues to indicate the potential for a large VMS system on the project," says Bruce Counts, president and chief executive officer of Storm. "We are increasingly excited about the upcoming drill program and the opportunity for a significant discovery."

Mr. Counts continued: "Storm has developed an efficient method of evaluating the VMS target and identifying the most prospective drill locations. VLF-EM has proven to be a rapid, cost-effective method for mapping the conductor, while geochemical results from systematic sampling of sulphide-bearing surface rocks will help identify the most prospective areas along the target's five-kilometre strike length."

VLF-EM survey

The phase 1 VLF-EM survey confirmed that it is an effective tool for mapping the five-kilometre-long conductivity anomaly identified in airborne versatile time-domain electromagnetic data. A total of 10 line kilometres of data were collected at four separate locations along the anomaly. Lines were spaced 100 m apart, and readings taken every 20 m.

Interpretation of the VLF-EM data defines multiple, variably dipping, conductive corridors that are coincident with the five-kilometre-long VTEM anomaly. The survey data indicate that the conductors strengthen and widen at depth and coincide with geological contacts between mafic and felsic volcanic units. In addition, faults interpreted from the VLF-EM and VTEM data may indicate pathways for mineralizsed fluids as part of a VMS mineralizing event.

Four shallow, small-diameter holes were drilled along the conductivity anomaly by Inco in 1969 and 1970. All the holes intersected altered and sheared mafic and ultramafic volcanics with three exhibiting significant disseminated and semi-massive pyrite-pyrrhotite-chalcopyrite-sphalerite mineralization. Importantly, the VMS target remains untested since none of the historical holes intersected the conductor defined by the VTEM and VLF-EM data.

Prospecting by the VLF-EM crew in the vicinity of the conductor led to the discovery of sulphide mineralization in surface rocks at three locations. Sulphide minerals observed in the field include pyrite, pyrrhotite and chalcopyrite. The modest abundance of sulphide mineralization at surface does not explain the high strength of the conductivity anomaly. It may, however, serve as an indication of mineralization at depth.

Next steps

The VLF-EM crew has been redeployed to the Gold Standard project to complete the survey over the VTEM conductivity target. In addition, the crew will conduct systematic sampling of any sulphide mineralization found at surface along the five-kilometre length of the anomaly. The geophysical surveying and prospecting are expected to take three weeks to finish.

Land tenure and permitting

The Gold Standard project is located approximately 60 kilometres north of the city of Fort Frances and is accessible by all-weather forestry roads. Eighty single-cell mineral claims covering 1,672 hectares of prospective geology have been added to the project. The property comprises 369 single cell mineral claims covering 7,636 hectares. Gold Standard lies within the traditional territory of the Naicatchewenin and Nigigoonsiminikaaning first nations, both with whom Storm has a memorandum of understanding. Permitting for drilling at Gold Standard is continuing.

Qualified person

The technical contents of this news release have been reviewed and approved by Jo Price, MSc, MBA, PGeo, a director of Storm Exploration, a qualified person under National Instrument 43-101.

About Storm Exploration Inc.

Storm Exploration is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on three district-scale projects in Northwestern Ontario: Keezhik, Attwood and Gold Standard.

We seek Safe Harbor.