Mr. Thomas Abraham-James reports

PULSAR ANNOUNCES POSITIVE OUTCOME FROM SEISMIC SURVEY AT THE TOPAZ HELIUM PROJECT

Pulsar Helium Inc. has provided an update on progress at its flagship 100-per-cent-owned Topaz helium project in Minnesota. This includes positive results from a 2-D (two-dimensional) seismic sweep survey and an update on additional geophysical surveys from the continuing exploration program:

• 1.1-kilometre-long (0.7 mile) 2-D seismic sweep survey shows a seismic reflector identified at the same depth as gas intersected in Jetstream No. 1 appraisal well and additional reflectors observed at depth;
• Further 20.4-kilometre-long (12.7 miles) 2-D seismic line scheduled to commence in July to assist in the placement of step out wells from Jetstream No. 1 appraisal well, which flowed North America's highest concentration of helium at 14.5 per cent;
• Processed infill high-resolution airborne gravity gradiometry and magnetic data received and ready for interpretation;
• Sproule International Ltd. expected to publish an updated resource calculation in July.

Pulsar president and chief executive officer Thomas Abraham-James commented: "We are delighted to receive this 2-D seismic data, which demonstrates that the helium-bearing zone encountered in Topaz's Jetstream No. 1 appraisal well is identifiable and that additional gas-bearing zones are likely at depth. This new data, alongside existing drilling, passive seismic and gravity information, sets the stage for our upcoming drilling program where we plan to deepen Jetstream No. 1 and drill additional stepout wells. This is a busy period for us, as we also anticipate receiving the Topaz resource calculation from Sproule later this month."

Interpretation of the 2-D seismic sweep shows a seismic reflector number at a depth coincident with the helium-bearing zone intersected in Jetstream No. 1 and additional reflectors with similar characteristics at greater depth. The positive result highlights 2-D seismic reflection as an efficient exploration tool and supports the larger 2-D seismic survey scheduled for July as well as potential future three-dimensional seismic surveys. The sweep line was 1.1 kilometres (km) (0.7 mile) in length, in a north-south orientation, with receivers at 10 metres (m) (33 feet (ft)) interval and located 150 m (492 ft) west of Jetstream No. 1.

A 20.4-kilometre-long (12.7 miles), east-west-orientated 2-D seismic line is scheduled to commence later in July. This will provide regional high-resolution data to complement the existing passive seismic and airborne gravity gradiometry (AGG) data. The combination of this data will be used to assist the placement of stepout wells from Jetstream No. 1.

Pulsar has also received processed AGG, magnetic and lidar data from an infill survey flown in May covering an area of 190 square km (118 square miles) which is now ready for interpretation. When combined with the AGG data acquired in 2022, the survey has a combined resolution of 150-metre (492 ft) line spacing. AGG is an industry-leading geophysical technique for mapping geological units and structure.

Resource calculation

All technical data for Topaz have been transferred to Sproule International, which is expected to publish an updated resource calculation in July.

A seismic reflector is an interface between subsurface layers with contrasting acoustic impedances that reflects a portion of seismic wave energy back to the surface, allowing geophysicists to image and interpret subsurface structures.

About Pulsar Helium Inc.

Pulsar Helium is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, United States, that has been drilled and flowed up to 14.5 per cent helium, and the Tunu helium project in Greenland.

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