Storm Exploration Converts Option Payment into Shares

Storm Exploration Inc. has decided to convert its upcoming cash installment payment into company shares. This decision involves issuing 8,332,071 common shares at a price of $0.033005 per share. This action fulfills the payment required under the option agreement with Landore Resources Canada Inc.

Storm Exploration President, Bruce Counts, highlights the potential of the Miminiska and Keezhik projects, describing them as district-scale with significant, yet largely unexplored, gold endowment. The company aims to advance exploration, starting with the drill-ready Miminiska target.

The agreement includes the acquisition of a 100% interest in these properties, contingent upon scheduled payments. Located in the Miminiska-Fort Hope greenstone belt, they hold prospects for multi-million-ounce gold deposits.