News & Events

Exchange Bulletin

Storm Resources Ltd. To Trade On TSX Venture Exchange

August 30, 2010

STORM RESOURCES LTD. ("SRX")("SRX.WT")
BULLETIN TYPE: New Listing-Shares and Warrants, Private Placement-Non-Brokered
BULLETIN DATE: August 30, 2010
TSX Venture Tier 2 Company

Effective at the opening Tuesday, August 31, 2010, the common shares and warrants of Storm Resources Ltd. will commence trading on TSX Venture Exchange.

The Company is classified as an "Oil and Gas Exploration and Development" company.

Pursuant to a Plan of Arrangement (the "Arrangement") involving ARC Energy Trust ("ARC"), ARC Resources Ltd., Storm Exploration Inc. ("Storm"), all TSX issuers, and the Company, the Company acquired lands in the Horn River Basin, Cabin/Kotcho/Junior and Umbach areas in northeastern British Columbia and in the Red Earth area of Alberta, formerly owned by Storm. In addition, the Company will retain Storm's share ownership positions in Storm Gas Resource Corp., Bellamont Exploration Ltd., Bridge Energy Norge ASA and Chinook Energy Inc.

Pursuant to the Arrangement, ARC indirectly acquired all of the existing and outstanding common shares of Storm and Storm shareholders received 16,631,241 common shares of the Company and 6,653,162 warrants of the Company. Each whole warrant of the Company entitles the holder to purchase one Company share at a price of $3.28 per share until September 21, 2010. In addition, 884,147 shares of the Company were issued to ARC pursuant to the Arrangement.

In connection with the Arrangement, the Company completed a non-brokered private placement of 2,300,000 shares at a price of $3.28 per share for gross proceeds of $7,544,000. The non-brokered private placement was made to proposed directors, officers and arm's length parties of the Company.

For further information, please refer to the Company's Form 2B Listing Application dated August 30, 2010 as well as Storm Exploration Inc.'s Information Circular dated July 16, 2010, which are both filed on SEDAR.

Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced by Storm Exploration Inc. on June 19, 2010:

Number of Shares: 2,300,000 shares

Purchase Price: $3.28 per share

Number of Placees: 24 placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P / # of Shares
Brian Lavergne Y 295,000
Robert Tiberio Y 200,000
John Devlin Y 200,000
Donald McLean Y 150,000
Daniel Fitzgerald Y 150,000
Matthew Brister Y 50,000
Stuart Clark Y 50,000
P. Grant Wierzba Y 50,000
Gregory Turnbull Y 50,000
John Brussa Y 50,000
Mark Butler Y 50,000
Mark Eade Y 20,000

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release on August 18, 2010 announcing the closing of the Non-Brokered Private Placement.

Commence Date: At the opening, Tuesday, August 31, 2010, the Common shares and share purchase warrants will commence trading on TSX Venture Exchange.

Corporate Jurisdiction: Alberta

Capitalization: Unlimited common shares with no par value of which
19,815,388 common shares are issued and outstanding
Escrowed Shares: NIL common shares

Transfer Agent: Alliance Trust Company
Trading Symbol: SRX
CUSIP Number: 86221R 10 2

Capitalization on Warrants: 6,653,162 warrants issued and outstanding

Each warrant entitles the holder to purchase one common share at $3.28 per share and will expire on September 21, 2010.

Warrant Trading Symbol: SRX.WT
Warrant CUSIP Number: 86221R 11 0

Company Contact: Donald McLean, Chief Financial Officer
Company Address: Suite 800, 205 - 5th Avenue SW
Calgary, Alberta T2P 2V7

Company Phone Number: (403) 817-6145
Company Fax Number: (403) 817-6146