Goldstorm Metals Geophysical Surveys Define New Exploration Drill Targets on the 100% Owned Crown Property, Located in the Golden Triangle of British Columbia

On December 15, 2025, Goldstorm Metals announced an updated analysis of its 2025 geophysical and geochemical surveys at its 100% owned Crown Property in British Columbia's Golden Triangle. The surveys (IP and MT) have defined several high-priority, drill-ready targets along the "Orion Spine." The results suggest a large intrusive body at depth, which the company believes could be the source of mineralization seen at surface and reinforces the geological connection to nearby large-scale porphyry systems like KSM (Seabridge) and Treaty Creek (Tudor Gold).

The company is planning a Phase 1 drill program of 2,400 to 3,000 meters in at least six holes to test these targets. A new surface gold discovery, "Delta West," was also announced.

Concurrently, the company announced the acceleration of the expiry date for 13,329,238 common share purchase warrants originally issued on June 27, 2025. The acceleration was triggered because the company's share price closed above $0.20 for 10 consecutive trading days between October 10 and October 24, 2025. The new expiry date for these warrants is January 15, 2026.

The news is a routine but positive step forward for the company. The two components should be assessed separately:

1. Geophysical Results: The confirmation of large-scale, drill-ready targets is the expected and desired outcome of the exploration season's survey work. It successfully de-risks the next phase of exploration by focusing on specific areas with porphyry potential. While positive, this is not a discovery; it is a targeting exercise. The comparisons to major nearby deposits are standard for junior explorers in the region and should be viewed with caution until proven by drilling. This news builds upon the preliminary results announced on October 9, 2025.

2. Warrant Acceleration: This is the most financially material part of the release. The warrants have an exercise price of $0.10 or $0.1008. If all are exercised, this will inject approximately C$1.33 million into the company's treasury. Reviewing the September 30, 2025 financials, the company's cash position was only C$800,121, with a quarterly burn rate exceeding C$1.2 million. The warrant proceeds are critical, providing the necessary funding for the planned 3,000-meter drill program at Crown and shoring up working capital. This removes the immediate need for another dilutive financing and the associated overhang on the stock.

The positive context of de-risking the flagship Crown project is tempered by the underwhelming drill results from the Electrum property, released on November 25, 2025. Those results did not demonstrate the "bonanza-grade" potential previously discussed and represent a miss on that exploration front.

Overall, the geophysical results set the stage for the company's most important catalyst, while the warrant acceleration ensures they are funded to execute it. This is a positive operational and financial development, but not a game-changer until the targets are successfully drilled.

Goldstorm Metals is a Canadian-based mineral exploration company focused on its projects in the Golden Triangle of British Columbia. Its properties, totaling over 16,000 hectares, were spun out from Tudor Gold Corp. in 2022. The properties are located directly south of Seabridge Gold's KSM Project and Newmont's Brucejack Mine.

The flagship project is the Crown Property, where the company is targeting a large-scale copper-gold-silver porphyry system, geologically similar to the major deposits on trend to the north. The 2025 exploration program focused on defining drill targets on a 6-kilometer trend known as the Orion Spine.