Goldstorm Metals Announces LIFE Offering for up to $4,000,000

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to $4,000,000 (the "Offering"), consisting of the sale of any combination of (i) units (the "HD Units") at a price of $0.20 per HD Unit; (ii) flow through units (the "FT Units") at a price of $0.24 per FT Unit; and (iii) charity flow through units (the "Charity FT Units") at a price of $0.31 per Charity FT Unit.

Each HD Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.30 per Common Share for a period of 36 months following the closing of the Offering.

Each FT Unit and Charity FT Unit will be comprised of one Common Share to be issued as a "flow-through share" (each, a "FT Share") within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and one-half of one Warrant to be issued on a non-flow through basis.

It is anticipated that the gross proceeds from the issue and sale of the FT Units and CFT Units will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act that will qualify as "flow-through critical mineral mining expenditures" and "BC flow-through mining expenditures" as defined in subsection 4.721(1) of the Income Tax Act (British Columbia) (the "Qualifying Expenditures"), which will be incurred on or before December 31, 2027 and renounced with an effective date no later than December 31, 2026 to the initial purchasers of FT Units and CFT Units. The net proceeds of the sale of Units are anticipated to be used for general and administrative working capital and other corporate purposes.

The Offering is expected to close on or about the week of April 30, 2026, and is subject to certain conditions including, but not limited to receipt of TSX Venture Exchange approval.

There is an offering document related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.goldstormmetals.com. Prospective investors should read this offering document before making an investment decision.