Mr. Thomas Abraham-James reports

PULSAR ISSUES SHARES TO DIRECTORS

Pulsar Helium Inc. has issued to directors of the company an aggregate 121,641 common shares in satisfaction of certain fees being settled in shares in lieu of cash, pursuant to the executive chair and director fee arrangements as announced on July 4, 2024.

A total of $75,000 (U.S.) was converted into Canadian dollars using an exchange rate of 1.3687, and the number of shares were then calculated using the five-day VWAP (volume-weighted average price) prior to June 30, 2024, being 84.39 cents per share.

The shares were issued to Cambrian Ltd., a company controlled by Neil Herbert; Jon Ferrier; Geoffrey Crow; Doris Meyer; and Garennes Ventures BV, a company controlled by Brice Laurent, all insiders of the company, in the following proportions: Cambrian: 40,547 shares, Mr. Ferrier: 20,274 shares, Mr. Crow: 19,260 shares, Ms. Meyer: 23,990 shares and Mr. Garennes: 17,570. There has not been a material change in the percentage of the outstanding securities of the company that are individually or beneficially owned by the insiders as a result of shares being issued.

The participation by the insiders in the securities for services is considered a related party transaction as defined for the purposes of Multinational Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The related party transaction is exempt from the formal valuation and minority approved requirements pursuant to sections 5.5(a)and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the contemplated securities being issued to the insiders of the company, nor the proceeds for such securities received by the company will exceed 25 per cent of the company's market capitalization, as calculated in accordance with MI 61-101.

The shares issued are subject to a four-month hold period from the date of issue. The fees were paid in accordance with the executive chair and director fee arrangements approved by the disinterested shareholders on April 30, 2024 (see management information circular of Pulsar dated as of March 13, 2024), a copy of which is available on SEDAR+ under Pulsar's issuer profile.

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, which has been drilled and flowed up to 14.5 per cent helium, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.