GSTM.V · 2024-10-17 12:00:00

Goldstorm Metals Completes Surface Sampling Expanding Numerous Precious and Base Metal Zones at Electrum and Crown Properties Within the Heart of the Golden Triangle of Northwest British Columbia

Exploration Programs Sampling & Geoscience Results

Goldstorm Metals Completes Surface

Sampling Expanding Numerous Precious and

Base Metal Zones at Electrum and Crown

Properties Within the Heart of the Golden

Triangle of Northwest British Columbia

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2024) -

Goldstorm Metals Corp

(TSXV:

GSTM) (FSE: B2U)

Goldstorm

" or "

the Company

") is pleased to report that the 2024 exploration

campaign has been completed on its 100% owned Electrum and Crown Properties situated within the

prolific Golden Triangle region of British Columbia. Assays results from the first set of reconnaissance

surface samples from the program are discussed below.

The Crown and Electrum properties cover

16,469 hectares and are situated adjacent and due south of both Seabridge Gold Inc.'s KSM gold-

copper project and Newmont's Brucejack gold mine, (Click to view:

the location and concession

maps

Exploration carried out during the 2024 program on Electrum included seven diamond drill holes totaling

2,233 meters (m), as well as surface sampling and mapping.

Analytical results from the Electrum drill

core and surface samples will be announced once they are received and interpreted by the Company.

The extensive mapping and sampling programs undertaken by our crews on both Electrum and Crown

provided a total of 702 surface rock grab, chip, and channel samples, of which the Company has

received assays for 619 of the 627 samples collected at Crown.

Highlights from the mapping and

sampling reported in this release are from various mineral zones on the Crown Project, and full assay

results are reported with links to tables at the end of this release.

Ken Konkin, P.Geo., President and CEO, comments: "

We are very pleased with the successful

exploration results from our on-going exploration programs (OEX) by our reconnaissance team.

Crews

significantly expanded the dimensions of the recently discovered Copernicus, Orion, Triton, Launch and

Fairweather zones.

Mapping and prospecting have delineated numerous trends of mineralization for

hundreds of meters that appear to be both structurally and lithologically controlled. Base and precious

metal mineralization has been identified, suggesting multi-pulse mineralizing events. These trends have

been well-traced by systematic sampling of the mineralized zones, yielding high-grade gold, silver and

copper values. We plan to expand our efforts in these zones with our OEX team next year, paying

particular attention to areas where the ice continues to recede. We systematically revisit all areas where

zones trend under the ice sheets and we are seeing 10's to 100's of meters of glacial ablation annually

that reveals fresh new outcrops to examine.

Our goal is to fast-track and develop drill targets that may

host high-grade precious and base-metal mineralization, and additionally may point to the source of

mineralized structures that could be related to a much larger disseminated and veinlet system occurring

peripherally and/or at depth. We look forward to announcing the surface results as well as the assays

from the seven drill holes completed at the Dome and LP target at Electrum when they are available.

Visible gold was discovered at the LP Zone that prompted Goldstorm Metals to test this high-grade gold

showing at depth. We expect to receive final results to our drill hole program within a couple of weeks."

Results of the 2024 Sampling Program Crown Property

On the

Orion Concession

, crews have delineated multiple stratiform mineralized trends within

volcaniclastic rocks at the Copernicus Zone, located along the upper Orion Spine. Three structures

trending to the north, and one trending to the northwest, have been identified over 1,500 m of length.

Mineralization located over 500 m to the north suggests that the zone may extend under the Frank

Mackie Glacier, and is potentially a VMS style deposit associated with an anomalous magnetic high. At

the Cat in the Hat Zone, also on Orion, gold-bearing veins trending northeasterly within rhyolitic rocks

have been discovered, extending into previously unsampled glacial ablation zones. Click to view:

maps

of the sampled areas at Copernicus and Cat in the Hat

Sampling highlights from the Copernicus and Cat in the Hat Zones include:

Grab sample (C969903) returned

30.9 g/t gold and 42.39 g/t silver

from the Cat in the Hat Zone

1.9 meter continuous chip samples (C969719 and C969720) returned

2.53 g/t gold, 54.7 g/t

silver and 3.3% copper

located 290 meters south of the original Copernicus showing

1.0 meter chip sample (C970612) returned

8.76 g/t gold and 7.62 g/t silver

located 650 meters

south of the original Copernicus showing

16 samples taken within the Copernicus Zone returned greater than 1% copper, with one sample

(C969842) assaying

0.58 g/t gold, 625 g/t silver, and 6.57% copper

at the original Copernicus

showing

Mineralized samples were found to correlate with a magnetic high geophysical anomaly

On the

Fairweather Concession

, reconnaissance was conducted on three significant polymetallic

mineralized zones known as Triton, Launch and Galileo. Sampling at the Triton Zone identified a 400-

meter-long trend of gold-bearing veins within pyroclastic volcanic rocks. At the Launch Zone, crews found

northwest- and west-trending polymetallic mineralization, characterized by pods and veins within

siltstone beds, as well as crosscutting the formations. At the Galileo Zone, crews observed

mineralization trending west over 800 meters, with multiple parallel polymetallic veins found within

volcanic rocks and mudstones.

Click to view

maps of the sampled areas at Triton, Launch and

Galileo

Sampling highlights from the Launch, Galileo, and Triton Zones include:

Grab sample (C969905) returned

55.2 g/t g gold and 82.71 g/t silver

at the Launch Zone

Semi-massive sulphides within siltstone were discovered 650 m north of the Launch Zone

highlighted by grab sample (C969892), which returned

2.42 g/t gold, 345 g/t silver, 0.68%

copper, 12.22% lead, and 27.29% zinc

Grab sample (C969829) taken at the Galileo Zone returned

0.29 g/t gold, 925 g/t silver, 3.38%

lead, and 2.32% zinc

Analyses of 38 samples collected at the Triton Zone had a calculated average of 0.88 g/t gold

On the

Mackie West Concession

, initial sampling discovered molybdenum rich boulders and traced

them to source in basalt outcrop. Mineralogy of some of the boulders indicates there may be a porphyry-

type molybdenum deposit nearby associated with a buried felsic intrusion. Click to view:

maps of the

sampled areas at Mackie West

Sampling highlights include:

Float samples with high molybdenum (C969920) returned 8916 ppm molybdenum

Traced to source with grab sample (A0839824), which returned 2159 ppm molybdenum

Orion Concessions Sample Results

Click to view all Orion samples

Table 1: Select Rock Sample Results for the Orion Concession

Sample

Easting

UTM09

Northing

UTM09

Elev.

(m)

Sampled

From

Sample

Type

Width (m)

(g/t)

(%)

C969903

422305

6246054

1565

Outcrop

Grab

30.90

42.39

0.00

0.02

0.00

C969901

422288

6246046

1557

Outcrop

Grab

14.30

67.66

0.00

0.02

0.00

C969842

421734

6247798

1657

Outcrop

Grab

0.58

625.00

6.57

0.18

1.10

A0905084

421966

6247168

1616

Outcrop

Grab

10.40

3.67

0.11

0.00

C969902

422290

6246046

1558

Outcrop

Grab

10.00

15.36

0.01

0.00

C969695

421928

6247203

1609

Outcrop

Grab

9.64

8.90

0.01

0.00

C970612

421929

6247200

1559

Outcrop

Chip

8.76

7.62

0.01

0.00

0.01

C970675

422205

6246022

1488

Outcrop

Grab

7.44

11.11

0.03

0.00

C969760

421946

6247179

1605

Outcrop

Grab

6.89

10.32

0.13

0.00

A0839840

422314

6246089

1550

Outcrop

Chip

0.5

5.13

17.05

0.00

C969904

422321

6246067

1569

Outcrop

Grab

4.71

12.02

0.00

C969994

421733

6247659

1670

Outcrop

Grab

0.14

273.00

3.85

0.09

0.71

C969720

421678

6247516

1602

Outcrop

Chip

3.09

59.90

3.02

0.00

0.11

C970703

422178

6245942

1487

Outcrop

Chip

0.1

4.33

5.48

0.00

A0905091

421736

6247773

1706

Outcrop

Chip

0.15

0.62

153.00

5.22

0.03

0.22

C970619

421930

6247200

1559

Outcrop

Grab

2.34

93.46

0.03

0.08

0.03

A0839845

422219

6246032

1481

Outcrop

Chip

0.65

3.48

4.92

0.01

0.00

C969719

421677

6247516

1602

Outcrop

Chip

0.9

1.98

49.55

3.04

0.00

0.06

C970667

421969

6247095

1602

Outcrop

Grab

3.17

2.98

0.10

0.00

C969686

421726

6247421

1609

Outcrop

Grab

0.38

91.85

4.55

0.00

0.73

Fairweather Concession Sample Results

Click to view all Fairweather samples

Table 2: Select Rock Sample Results for the Fairweather Concession

Sample

Easting

UTM09

Northing

UTM09

Elev.

(m)

Sampled

From

Sample

Type

Width (m)

(g/t)

(%)

C969905

429601

6246010

1502

Outcrop

Grab

55.20

82.71

0.01

0.07

2.09

A0905336

428668

6244043

885

Float

0.18

1306.00

0.08

17.90

0.01

C969829

429102.1

6244042

881

Outcrop

Grab

0.29

925.00

0.12

3.38

2.32

C969806

428781

6245886

1610

Outcrop

Grab

11.30

10.01

0.00

0.06

0.11

A0905315

429947.1

6245833

1397

Outcrop

Chip

0.3

8.88

51.31

0.60

0.11

0.07

C969831

429124.5

6244030

878

Outcrop

Grab

0.24

700.00

0.05

7.49

3.44

C969910

429514

6246233

1476

Outcrop

Grab

7.25

27.87

0.10

0.92

4.07

C969892

429646

6246268

1475

Outcrop

Grab

2.42

345.00

0.68

12.22

27.29

C969838

429946.4

6245831

1441

Outcrop

Grab

4.62

118.00

0.52

0.94

2.41

C969908

429482

6246223

1484

Outcrop

Grab

4.60

81.09

0.18

2.49

2.47

A0905334

428616

6243956

878

Outcrop

Chip

0.3

1.87

252.00

0.79

0.77

0.32

A0839801

430062

6245994

1379

Outcrop

Grab

0.03

384.00

0.80

19.14

33.86

C969839

429946

6245832

1398

Outcrop

Grab

4.43

32.93

0.28

0.18

0.75

C970583

429290

6243961

936

Outcrop

Grab

4.56

5.74

0.07

0.01

0.12

C970554

429514

6246231

1464

Outcrop

Grab

4.16

11.78

0.01

0.24

0.09

A0905328

429618

6246270

1451

Outcrop

Grab

1.45

220.00

0.25

7.20

13.70

A0905308

429103

6244042

881

Outcrop

Chip

0.9

0.21

308.00

0.06

1.86

1.72

C970605

429380

6243882

813

Outcrop

Grab

3.36

5.16

0.22

0.02

0.01

A0905331

428670

6243953

868

Outcrop

Grab

1.82

101.00

0.41

0.17

1.20

A0905314

429311.1

6243993

872

Outcrop

Chip

0.3

3.03

1.41

0.01

A0905345

429367

6243949

849

Outcrop

Chip

0.35

2.82

5.35

0.07

0.00

0.01

C969836

429255

6244023

869

Float

2.33

29.04

0.57

0.01

0.33

C970580

429365

6243957

922

Outcrop

Grab

1.68

45.65

0.12

0.01

0.03

A0905335

428616

6243956

878

Outcrop

Grab

0.15

166.00

0.10

2.21

0.51

Mackie West Concession Sample Results

Click to view all Mackie West samples

Table 3: Select Rock Sample Results for the Mackie West Concession

Sample

Easting

UTM09

Northing

UTM09

Elev.

(m)

Sampled

From

Sample

Type

Width

(m)

(g/t)

(%)

(ppm)

(%)

C969923

418049

6245878

1314

Float

26.50

1028

0.05

18.28

0.00

A0905076

417653

6245444

1506

Float

2.21

419.00

1.13

5.29

0.01

C969920

418007

6246009

1247

Float

0.04

6.81

0.01

8916

0.05

0.01

C969922

418011

6246016

1271

Float

0.02

5.09

0.04

3522

0.01

0.00

A0839824

418156

6246261

1297

Outcrop

Grab

0.00

0.21

0.02

2159

0.00

0.02

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the

Company's President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and

technical information that forms the basis for the disclosure contained in this news release.

QA/QC

All samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and assayed at MSA

Labs' Geochemical Laboratory in Langley, BC. Gold was assayed using a fire assay with atomic

absorption (AA) spectrometry finish. Samples over 10 ppm gold were fire assayed with gravimetric

finish. All samples were analyzed by four acid digestion with multi-element ICP-MS, with silver and base

metal over-limits being reanalyzed by emission spectrometry. MSA Laboratories quality system

complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is

independent of the Company.

About Goldstorm Metals

Goldstorm Metals Corp. 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 6 concessions, of which 5 are contiguous.

The Crown Project is situated

directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation's

Brucejack/Valley of the Kings gold mine.

Electrum, also located in the Golden Triangle of BC, is situated

directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and

the past producing Silbak Premier mine, 20 kilometers to the south.

ON BEHALF OF THE BOARD OF DIRECTORS OF

GOLDSTORM METALS CORP.

Ken Konkin

President and Chief Executive Officer

For further information, please visit the Company's website at

https://goldstormmetals.com/

contact:

Chris Curran

VP Investor Relations and Corporate Communications

Phone: (604) 559 8092

E-Mail:

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.

Cautionary Statement Regarding Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking

information within the meaning of applicable Canadian securities laws. All statements in this news

release, other than statements of historical facts, including statements regarding future estimates,

plans, objectives, timing, assumptions or expectations of future performance, including without

limitation, the statement regarding the expectation that geologists are expected to complete a

compilation study this winter once all assay results are received. Such a statement is a forward-

looking statement and contains forward-looking information.

Generally, forward-looking statements and information can be identified by the use of forward-looking

terminology such as "intends" or "anticipates", or variations of such words and phrases or statements

that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-Looking

statements are based on certain material assumptions and analysis made by Goldstorm and the

opinions and estimates of management as of the date of this press release, including that geologists

will complete a compilation study this winter once all assay results are received.

These forward-looking statements are subject to known and unknown risks, uncertainties and other

factors that may cause the actual results, level of activity, performance or achievements of Goldstorm

to be materially different from those expressed or implied by such forward-looking statements or

forward-looking information. Important factors that may cause actual results to vary, include, without

limitation that geologists will not complete a compilation study this winter or at all.

Although management of Goldstorm has attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking statements or forward-looking

information, there may be other factors that cause results not to be as anticipated, estimated or

intended. There can be no assurance that such statements will prove to be accurate, as actual results

and future events could differ materially from those anticipated in such statements. Accordingly,

readers should not place undue reliance on forward-looking statements and forward-looking

information. Readers are cautioned that reliance on such information may not be appropriate for other

purposes. Goldstorm does not undertake to update any forward-looking statement, forward-looking

information or financial out-look that are incorporated by reference herein, except in accordance with

applicable securities laws.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/226894

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