Mr. Jim Baker reports

HELIUM EVOLUTION APPOINTS MALCOLM ADAMS AS PRESIDENT, CEO AND DIRECTOR

Helium Evolution Inc. has appointed Malcolm Adams as president, chief executive officer and director, effective Feb. 1, 2026.

Mr. Adams brings over 30 years of experience in energy, private equity and technology sectors. He has a strong record of building high performing teams, raising capital, and executing accretive mergers and acquisitions in both private and public companies. Mr. Adams combines deep engineering expertise with private equity discipline, enabling him to convert complex ideas into clear, scalable business strategies.

Throughout his career, Mr. Adams has demonstrated strong leadership in capital allocation, corporate governance and stakeholder engagement, with extensive experience working alongside boards, institutional investors and strategic partners. His background positions him well to advance the company's development strategy and unlock long-term shareholder value.

Mr. Adams holds a bachelor of science in chemical engineering from the University of New Brunswick and is a registered professional engineer. He is also a member of the Institute of Corporate Directors, and has demonstrated a proven ability to lead and grow technical and operational teams.

"I'm excited to join HEVI at this pivotal time. The company has assembled something unique -- a massive Saskatchewan land position in a producing helium basin, a strong partnership with Canada's largest helium producer, North American Helium and a strategic shareholder in ENEOS Xplora USA," said Malcolm Adams, incoming president and chief executive officer of Helium Evolution. "Helium is a critical element for Canada's health care, technology and energy security, and HEVI is well positioned at exactly the right time. I'm eager to work with the board and our talented management team to realize HEVI's full potential as a strategic helium supplier for the world."

"Malcolm is an exceptional addition to HEVI's leadership team," said Jim Baker, chairman of the board of Helium Evolution and outgoing interim president and CEO. "He brings disciplined capital markets experience, strong technical capability and operational knowledge, and a clear strategic vision that aligns well with the company's focus on advancing its helium assets in Southern Saskatchewan. The board is confident that Malcolm's leadership will be instrumental as Helium Evolution moves into its next phase of growth and development."

About Helium Evolution Inc.

Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly traded companies, focused on developing assets in Southern Saskatchewan. The company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. Helium Evolution's management and board are executing a differentiated strategy to become a leading supplier of sustainably produced helium for the growing global helium market.

We seek Safe Harbor.