Storm Resources Ltd. Announces Closing of $30.1 Million Bought Deal Financing and $3.7 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 completed its previously announced bought deal financing for aggregate gross
proceeds of $30,150,000 (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 9,000,000 common shares of Storm
("Common Shares") at a price of $3.35 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 $3,685,000 (the
"Non-Brokered Financing"). Pursuant to the Non-Brokered Financing, Storm issued
1,100,000 Common Shares at a price of $3.35 per Common Share.


In the aggregate, pursuant to the Bought Deal Financing and the Non-Brokered
Financing, Storm issued 10,100,000 Common Shares, at a price of $3.35 per Common
Share, for aggregate gross proceeds of $33,835,000.


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.


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 Chief Executive Officer
(403) 817-6145


Storm Resources Ltd.
Donald McLean
Chief Financial Officer
(403) 817-6145


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

Storm Resources Ltd. (TSXV:SRX)
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