VANCOUVER, BC — February 13, 2026 — Leads & Copy — Storm Exploration Inc. (TSXV:STRM) has acquired 100% interest in the Miminiska and Keezhik Projects from Landore Resources Canada Inc. and sold its interest in the Miminiska Project to Canadian Goldfields Discovery Corp. for $5,812,500.
The company exercised its option to acquire the Miminiska and Keezhik Projects from Landore under a property option agreement dated May 5, 2021, as amended, by completing its remaining option payment of $1,312,500. Landore has retained a 2% Net Smelter Royalty on the Keezhik Project, of which Storm may buy back 1% by paying Landore $1,000,000 at any time. Immediately following the option exercise, Storm completed the sale of its interest in the Miminiska Project to CGDC, pursuant to a mineral property purchase agreement dated November 28, 2025, as amended. The total consideration to be paid by CGDC includes cash and share payments equal to $5,812,500.
Prior to closing of the transaction, CGDC paid a $200,000 non-refundable cash deposit to Storm. On closing, CGDC made an aggregate cash payment of $1,800,000, of which $1,312,500 was used by Storm for the option exercise. CGDC will make an additional cash payment on the 3-month and 9-month anniversaries of the closing date equal to $1,525,000.
Storm also received 7,500,000 common shares of CGDC on closing, representing approximately 7.59% of the issued and outstanding CGDC Shares following the concurrent financing by CDGC. In addition, Storm will receive $787,500 in CGDC Shares on the 9-month anniversary of the closing date, subject to certain limits to the total number of CGDC Shares that may be issued. If these limits result in less than $787,500 in CGDC Shares being issued, the balance will be paid by CGDC in cash.
CGDC has agreed to assume Storm’s obligations under certain royalty agreements in respect of the Miminiska Project and all the Company’s liabilities, duties and obligations arising from the ownership of the Miminiska Project.
Storm obtained shareholder approval for the transaction by written consent on December 31, 2025, in accordance with TSX Venture Policies. The company has also amended its exploration agreement with EFN such that the company’s obligations thereunder will no longer apply to the Miminiska Project. The transaction is subject to final TSXV approval.
Storm plans to advance its three projects, with drilling at Gold Standard slated for Q2 / 2026, Keezhik for Q3 / 2026 and Attwood for 2027. The Keezhik Project is situated within the Miminiska-Fort Hope greenstone belt, approximately 380 kilometers north of Thunder Bay, Ontario, within the traditional territory of the Eabametoong First Nation.
Eight drill-confirmed gold showings have been identified on the property. Exploration efforts will focus on the KL-12 and KL-27 showings. Ground geophysical surveys, soil sampling, prospecting, and geological mapping are planned to define and prioritize targets in advance of a drilling program scheduled in the third quarter of 2026. The Company will undertake project-wide reconnaissance exploration aimed at identifying new targets. A comprehensive airborne magnetic and electromagnetic survey is planned for early 2026, to be followed by regional prospecting, sampling, and geological mapping.
The Gold Standard Project is situated approximately 60 kilometres north of the community of Fort Francis and encompasses 6,018 hectares of road accessible mineral claims. Storm has exploration agreements with the Naicatchewenin and Nigigoonsiminikaaning First Nations. Planned ground exploration will include geophysical surveys, prospecting, and geological mapping across the anomaly’s length, with drilling anticipated to begin in the second quarter of 2026.
The Attwood Project is situated within the Miminiska-Fort Hope greenstone belt, approximately 380 kilometers north of Thunder Bay, Ontario. The property is located within the traditional territory of the Eabametoong First Nation. The goal at Attwood for 2026 is to resolve targets for drill testing in 2027. Work this year will include a property-wide airborne electromagnetic survey as well as geological mapping, prospecting and sampling.
“These transactions place Storm in a strong position to take advantage of the bull market for precious metals and critical minerals,” said Bruce Counts, President and CEO of Storm.
Storm Exploration is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on three district-scale projects in northwest Ontario: Keezhik, Attwood and Gold Standard.
Source: Storm Exploration Inc.
