Storm Resources Ltd. Provides Clarification to Information Provided in January 23, 2014 Press Release Announcing Acquisition ...

Storm Resources Ltd. (TSX VENTURE:SRX) ("Storm") wishes to clarify certain
information disclosed in the January 23, 2014 press release regarding the
acquisition of a 100% working interest in 29 sections of land in the Umbach-Nig
area (the "Acquisition"). The Acquisition closed on January 31, 2014.


The clarifications relate to estimated DPIIP and recovery of estimated DPIIP
which were provided in the section entitled "Details and Rationale for the
Transaction" and are clarified as follows:




--  The DPIIP in the upper Montney formation for the 29 sections of land
    acquired is estimated by Storm management to be 1.6 Tcf based on data
    from existing wells on the 29 sections (seven vertical wells plus two
    horizontal wells producing from the Montney formation). Using the data
    from the existing wells, Storm management estimates that the upper
    Montney formation is 52 metres thick, has average porosity of 6%, and a
    reservoir pressure of 18,000 to 23,000 kPa (represents 21% of Storm's
    entire land position in the Umbach-Nig area). 

--  The allocation of the purchase price is 11% to acquire cash flow and
    reserves associated with the two producing Montney horizontal wells, 30%
    for 20 sections of undeveloped land, and 59% for nine sections of land
    where Storm management estimates 35 horizontal wells remain to be
    drilled in the upper Montney formation based on the data from existing
    wells on the nine sections (three vertical wells plus one horizontal
    well producing from the upper Montney formation). This assumes four
    horizontal wells are drilled per section which would recover 32% of
    DPIIP on the nine sections if recovery from each horizontal well is
    similar to the five Montney horizontal wells drilled by Storm in 2013 on
    the adjacent Umbach South lands where ultimate recovery is estimated by
    Storm management to be 4.4 Bcf gross raw gas for each horizontal well. 



READER ADVISORIES

Boe Presentation - For the purpose of calculating unit revenues and costs,
natural gas is converted to a barrel of oil equivalent ("Boe") using six
thousand cubic feet ("Mcf") of natural gas equal to one barrel of oil unless
otherwise stated. Boe may be misleading, particularly if used in isolation. A
Boe conversion ratio of six Mcf to one barrel ("Bbl") is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. All Boe measurements and
conversions in this report are derived by converting natural gas to oil in the
ratio of six thousand cubic feet of gas to one barrel of oil. Mmcf means 1,000
Mcf. Tcf means 1,000 Mmcf.


Discovered-Petroleum-Initially-in-Place ("DPIIP") - is defined in the Canadian
Oil and Gas Evaluation Handbook (COGEH) as the quantity of hydrocarbons that are
estimated to be in place within a known accumulation. DPIIP is divided into
recoverable and unrecoverable portions, with the estimated future recoverable
portion classified as reserves and contingent resources. There is no certainty
that it will be economically viable or technically feasible to produce any
portion of this DPIIP except for those portions identified as proved or probable
reserves.


Forward-Looking Statements - 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, and without limitation,
forward-looking statements in this press release includes, but is not limited
to: ultimate recovery factors, planned drilling and development activities, the
potential number of drilling locations at Storm's properties, estimates of
Montney formation thickness, the number of wells to be drilled per section,
porosity, reservoir pressure, anticipated benefits from the Acquisition, capital
efficiencies and commodity prices. 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, 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. The intended use of
proceeds of the financings 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, readers should not place undue
reliance on the forward-looking statements and information contained in this
press release. 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 Storm will derive from them.


Analogous Information - Certain information in this press release may constitute
"analogous information" as defined in National Instrument 51-101 - Standards of
Disclosure for Oil and Gas Activities ("NI 51-101"), including, but not limited
to, information relating to the areas in geographical proximity to the
properties acquired in the Acquisition and production information related to
wells that are believed to be on trend with the such properties. Management of
Storm believes the information is relevant as it helps to define the
characteristics of the properties in which Storm holds an interest pursuant to
the Acquisition. Storm is unable to confirm that the analogous information was
prepared by a qualified reserves evaluator or auditor. Such information is not
an estimate of the reserves or resources attributable to lands held or to be
held by Storm and there is no certainty that the data and economics information
for the lands acquired by Storm will be similar to the information presented
herein. The reader is cautioned that the data relied upon by Storm may be in
error and/or may not be analogous to such lands to be held by Storm.


Readers are cautioned that the foregoing list of factors is not exhaustive.
Additional information on these and other factors that could affect the
operations or financial results of Storm are included in reports on file with
applicable securities regulatory authorities and may be accessed through the
SEDAR website (www.SEDAR.com) and on Storm's website
(www.stormresourcesltd.com). 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.


NEITHER THE 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Storm Resources Ltd.
Brian Lavergne
President and CEO
403-817-6145


Storm Resources Ltd.
Donald G. McLean
CFO
403-817-6145


Storm Resources Ltd.
Carol Knudsen
Manager, Corporate Affairs
403-817-6145
www.stormresourcesltd.com