Storm Resources Ltd. Announces Closing of $29.7 Million Bought Deal Financing and $5.1 Million Non-Brokered Financing

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Storm Resources Ltd. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of $29,725,000 (the "Bought Deal Financing"). Pursuant to the Bought Deal Financing, Storm, through a syndicate of underwriters led by FirstEnergy Capital Corp. and including Peters & Co. Limited, National Bank Financial Inc., Clarus Securities Inc., RBC Capital Markets, Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd., issued 7,250,000 common shares of Storm ("Common Shares") at a price of $4.10 per Common Share.

In addition, Storm completed its previously announced non-brokered financing to certain investors identified by Storm, including directors, officers and employees of Storm, for aggregate gross proceeds of $5,125,000 (the "Non-Brokered Financing"). Pursuant to the Non-Brokered Financing, Storm issued 1,250,000 Common Shares at a price of $4.10 per Common Share.

In the aggregate, pursuant to the Bought Deal Financing and the Non-Brokered Financing, Storm issued 8,500,000 Common Shares, at a price of $4.10 per Common Share, for aggregate gross proceeds of $34,850,000.

Storm began operations in August 2010, is headquartered in Calgary, Alberta and is active in the Umbach and Horn River Basin areas of north eastern British Columbia, and in the Grande Prairie area of north western Alberta.

READER ADVISORIES

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

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