Mr. Thomas Abraham-James reports

PULSAR HELIUM ANNOUNCES CLOSING OF POUNDS STERLING1.125 MILLION CORNERSTONE INVESTMENT AND APPOINTMENT OF CFO TO THE BOARD IN PREPARATION FOR LISTING ON LONDON'S AIM EXCHANGE

Pulsar Helium Inc. has closed the cornerstone investment as part of its intended AIM IPO (initial public offering), as announced on Aug. 21, 2024, and has appointed Dan O'Brien, chief financial officer of the company, to its board of directors.

On Aug. 21, 2024, the company announced its intention to apply for the admission to trading of the company's common shares on London's AIM Exchange, with a target admission date before the end of October, 2024. The company has now closed the cornerstone investment of 1,125,000 pounds sterling, which will be used to fund the long lead items for the deepening of the Jetstream No. 1 well at Topaz and the AIM admission costs.

In preparation for admission to AIM, the company is pleased to welcome Mr. O'Brien to its board of directors, who will continue in his role as chief financial officer of the company. Mr. O'Brien is a chartered professional accountant with 20 years of experience working with public companies in the resource industry.

The board members of the company now consist of Neil Herbert (executive chair), Thomas Abraham-James (chief executive officer) and Mr. O'Brien (chief financial officer), together with non-executive directors Jon Ferrier, Geoffrey Crow, Doris Meyer and Brice Laurent. The board is primed for the next stage of the company's development with seasoned corporate, financial, technical and operational experience.

The AIM admission is supplementary to the company's existing listing on the TSX Venture Exchange in Canada.

About the Topaz project, Minnesota

As announced on June 6, 2024, the Jetstream No. 1 well confirmed the presence of helium and CO2-bearing (carbon dioxide) gas identified in the original LOD-6 discovery well and has substantially derisked the Topaz project. In addition, Jetstream No. 1 correlates with seismic data acquired by the company which shows a distinct velocity anomaly at the depth of the gas zone that persists for a further approximate 500 metres (m) and it is the company's near-term intention to deepen Jetstream No. 1 to test the full scale of the seismic velocity anomaly. This is also proposed to be accompanied by a stepout well and additional seismic acquisition with the intention of increasing the size of the resource base and delineating additional prospects. The company intends to commission a third party preliminary economic assessment (PEA) study, with the intention of identifying near-term production scenarios.

About Pulsar Helium Inc.

Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, United States, 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.

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