Storm Exploration Inc. announced that it has executed an option agreement with Prospector Metals Corp. ("Prospector") in which Storm can earn up to 100% in the Toogood Gold Project located along the north shore of Newfoundland, Canada. Toogood Gold Project Overview The Toogood Gold Project located on New World Island, approximately 65 km north of Gander, Newfoundland.

The property is road accessible and lies at the northeast extent of the Exploits Subzone, a major structural corridor in central Newfoundland. The Exploits Subzone trends 200km northeast /southwest across the island of Newfoundland, and hosts many of the significant gold deposits in the province, including Marathon Gold's Valentine Project which has an established resource of 2.7 Moz at 1.62 g/t Au (Reserve) and 3.96 Moz Au at 1.90 g/t (M+I). Gold mineralization at Toogood is hosted by a suite of Devonian felsic dykes which crosscut the property, emplaced in the latter stages of a complex tectonic history.

Gold mineralization is associated with arsenopyrite, pyrite, trace chalcopyrite, and fine-grained native gold and is concentrated along brittle fault intersections. Numerous gold occurrences have been identified on the property with the Quinlan Prospect being the most advanced. Drilling conducted by Prospector in 2022 confirmed high-grade gold at the prospect with a 857 m drill program.

Drilling has demonstrated that the gold bearing dykes have a remarkably consistent dip and thickness. Mineralization has been confirmed along a 200m strike and 120m down-dip and remains open in all directions. Next Steps Storm plans to take a two-pronged approach to exploration on the Toogood project.

Drilling: The primary focus will be to extend gold mineralization at the Quinlan Prospect which is permitted for additional drilling and targets have been identified by Prospector. Target Generation: Simultaneously, the Company will conduct a prospecting and soil sampling program over the numerous showings on the property with the goal of developing a pipeline of compelling drill targets.