Storm Resources Ltd. Announces $18 Million Bought Deal Financing and Up to $5.1 Million Non-Brokered Financing

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. 


STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it
has entered into an agreement with a syndicate of underwriters led by
FirstEnergy Capital Corp. and including National Bank Financial Inc., Peters &
Co. Ltd., Macquarie Capital Markets Canada Ltd., and RBC Capital Markets
(collectively the "Underwriters") to issue, on a bought deal basis, 9,580,000
common shares ("Common Shares") of Storm, at a price of $1.88 per Common Share,
for aggregate gross proceeds of $18,010,400 (the "Bought Deal Financing"). In
addition, contemporaneous with the completion of the Bought Deal Financing,
Storm announces that it shall issue up to 2,700,000 Common Shares to certain
investors identified by Storm, including directors, officers, and employees of
Storm, at a price of $1.88 per Common Share, for aggregate proceeds of up to
$5,076,000 (the "Non-Brokered Financing", and together with the Bought Deal
Financing, the "Offering"). Aggregate gross proceeds from the Offering are up to
$23,086,400 with up to 12,280,000 Common Shares being issued.


Proceeds of the Offering will be used primarily to fund Storm's capital
investment program in the Umbach area of north eastern British Columbia and for
general working capital purposes. The Common Shares issuable pursuant to the
Bought Deal Financing will be offered in all provinces of Canada by way of a
short form prospectus. The Common Shares issuable pursuant to the Non-Brokered
Financing will be offered by way of private placement exemptions in all of the
provinces of Canada and will be subject to a four-month hold period under
applicable Canadian securities laws.


Closing is expected to occur on or about May 1, 2013 and is subject to certain
conditions including, but not limited to, the receipt of all necessary approvals
including the approval of the TSX Venture Exchange.


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. 


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


READER ADVISORIES

The information in this press release contains certain forward-looking
statements. These statements relate to future events or our future performance.
All statements other than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "project", "predict", "potential", "targeting",
"intend", "could", "might", "should", "believe", "would" and similar
expressions. In particular, forward looking statements in this press release
includes, but is not limited to: the use of proceeds of the Offering, Storm's
capital program, the anticipated closing date of the Offering and the receipt of
required regulatory and third party approvals. These statements involve
substantial known and unknown risks and uncertainties, certain of which are
beyond Storm's control, including: the impact of general economic conditions;
industry conditions; changes in laws and regulations including the adoption of
new environmental laws and regulations and changes in how they are interpreted
and enforced; fluctuations in commodity prices and foreign exchange and interest
rates; stock market volatility and market valuations; volatility in market
prices for oil and natural gas; liabilities inherent in oil and natural gas
operations; uncertainties associated with estimating oil and natural gas
reserves; competition for, among other things, capital, acquisitions, of
reserves, undeveloped lands and skilled personnel; incorrect assessments of the
value of acquisitions; changes in income tax laws or changes in tax laws and
incentive programs relating to the oil and gas industry; geological, technical,
drilling and processing problems and other difficulties in producing petroleum
reserves; and obtaining required approvals of regulatory authorities, including
the approval of the TSX Venture Exchange. The intended use of proceeds of the
Offering by Storm may change if the board of directors of Storm determines that
it would be in the best interests of Storm to deploy the proceeds for some other
purpose. Storm's actual results, performance or achievement could differ
materially from those expressed in, or implied by such forward-looking
statements and, accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur or, if any
of them do, what benefits that Storm will derive from them. The forward-looking
statements contained in this press release are made as of the date hereof and
Storm undertakes no obligation to publicly update or revise any forward-looking
statements or information, whether as a result of new information, future events
or otherwise, unless required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Storm Resources Ltd.
Brian Lavergne
President and Chief Executive Officer
[phone]


Storm Resources Ltd.
Donald McLean
Chief Financial Officer
[phone]


Storm Resources Ltd.
Carol Knudsen
Manager, Corporate Affairs
[phone]
www.stormresourcesltd.com