Storm Exploration Inc. announced that it has identified a large conductivity anomaly in recently collected airborne magnetic and electromagnetic ("EM") survey data. The anomaly has a strike length of more than five kilometres and occurs in host rocks that are often associated with Volcanogenic Massive Sulphide ("VMS") mineralization. This is supported by copper and zinc mineralization noted in historical drill holes.

The conductivity anomaly was identified in a property-wide airborne magnetic and electromagnetic survey flown in Q3/2022 using the Versatile Time Domain Electromagnetic ("VTEM") system. Historical geophysics conducted in the late 1960's across the property was subsequently drill tested using a small, man-portable drill between 1969 and 1970. Only four holes were drilled and all were terminated at a depth of less than 50 metres.

Three of these holes encountered chalcopyrite and sphalerite, which are copper and zinc bearing minerals respectively. The anomaly lies along the limbs of an apparent fold that is adjacent to the regional-scale Manitou Straits shear zone in the southwest of the property which hosts the gold bearing quartz veins that were mined between 1901 and 1903. The newly identified conductivity anomaly can be accessed using exiting forestry roads, making its evaluation simple and cost-effective.