Funds Managed by Libra Advisors, LLC Acquire Shares of Storm Resources Ltd.
for Investment Purposes

TORONTO, Aug. 19 /CNW/ - Libra Advisors, LLC ("Libra") announced today that Libra Fund, L.P. and Libra Offshore Master Fund, L.P. (the "Funds") now own 2,500,316 common shares and 1,000,126 warrants of Storm Resources Ltd. ("Storm Resources") as a result of the completion of a plan of arrangement (the "Arrangement") among Storm Exploration Inc., Storm Resources, ARC Energy Trust and ARC Resources Ltd.

As a result of the Arrangement, the Funds now hold 2,500,316 common shares of Storm Resources representing approximately 12.6% of the outstanding common shares of Storm Resources, and 1,000,126 warrants of Storm Resources, that if exercised, would result in the Funds' holding approximately 16.8% of the outstanding common shares of Storm Resources.  The percentage holdings of the Funds in common shares and warrants of Storm Resources reflect the common shares added to the issued and outstanding common shares of Storm Resources as a result of the completion of a private placement of Storm Resources on August 18, 2010.

The Funds acquired the common shares and warrants for investment purposes and may, from time to time, acquire additional securities of Storm Resources or dispose of such securities as they may deem appropriate.

Libra is the investment advisor to Libra Fund, L.P. and Libra Offshore Master Fund, L.P. with principal offices at 909 Third Avenue, 29th Floor, New York, NY 10022.

SOURCE LIBRA ADVISORS, LLC

For further information: For further information:

Mr. Ranjan Tandon, Managing Member, at (212) 350-5125

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LIBRA ADVISORS, LLC

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