Goldstorm contracts Simcoe for Crown geophysical work

Mr. Ken Konkin reports GOLDSTORM METALS TO CONDUCT GEOPHYSICAL PROGRAMS ON THE CROWN PROPERTY, LOCATED IN THE GOLDEN TRIANGLE OF BRITISH COLUMBIA Goldstorm Metals Corp. has contracted with Simcoe Geoscience Ltd. to complete ground-based magnetotelluric (MT) and induced polarization (IP) geophysical programs targeting the Copernicus zone and other geochemical anomalies along the Orion Spine on the company's 100-per-cent-owned Crown Property. The Crown property covers approximately 16,000 hectares situated adjacent to and due south of both Seabridge Gold Inc.'s KSM gold-copper project and Newmont Corp.'s Brucejack gold mine. Ken Konkin, PGeo, president and chief executive officer, commented: "We are excited to begin this geophysical phase of exploration on the Crown project that will assist our team in prioritizing drill targets along the Orion Spine, which is located directly south of and on trend with the extensive string of Treaty-KSM gold-copper porphyry deposits. The geophysical surveys will focus on the known zones of mineralization at Copernicus. We expect the results of the surveys to considerably improve our geologic understanding of the project as we prepare for preliminary exploration drilling. The goal is to evaluate the underlying geology along the 1.4-kilometre trend of the Copernicus zone to determine if a large intrusive-related target at depth may be the source for the mobilized copper-gold-silver mineralization identified on surface. The IP study will cover 3.5 kilometres of the impressive, anomalous gold-in-rock geochemical trend that extends along the north-south-oriented Orion Spine. We hope that the IP will outline conductivity anomalies that may represent larger mineralized targets as well as identify major regional structures that are known to play an important role in the geological model for the porphyry systems located on trend to the north at KSM and at Treaty Creek. "The geophysical programs will commence in mid-August and should take a few weeks to complete. We plan to undertake 15 line kilometres of Alpha IP surveys from five parallel lines, each extending approximately three kilometres in length, with a high-definition dipole spacing of 100 metres. The study is estimated to test the survey area to a depth of at least 900 metres." Goldstorm Metals also announces that, further to the company's news release dated June 27, 2025, the company clarifies it raised gross proceeds of $2,088,903.64 through the issuance of: (i) 15,441,482 non-flow-through units of the company sold at a price of seven cents per non-flow-through unit for gross proceeds of $1,080,903.74; and (ii) 9,999,999 flow-through units of the company sold at a price of 10.08 cents per flow-through unit for gross proceeds of $1,007,999.90. The company also clarifies it paid cash commissions of $42,596.38 and issued 608,519 non-transferable finder warrants to certain finders. Qualified person The qualified person for this news release for the purposes of National Instrument 43-101 is the company's president and chief executive officer, Ken Konkin, PGeo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release. Quality assurance/quality control All samples were prepared at MSA Labs' preparation laboratory in Terrace, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. Gold was assayed using a fire assay with atomic absorption (AA) spectrometry finish. Samples over 10 parts per million gold were fire assayed with gravimetric finish. All samples were analyzed by four-acid digestion with multielement ICP-MS, with silver and base metal overlimits being reanalyzed by emission spectrometry. MSA Labs' quality system complies with the requirements for international standards ISO 17025 and ISO 9001. MSA Labs is independent of the company. 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's Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of British Columbia, is situated directly between Newmont'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.