Mr. Thomas Abraham-James reports

PULSAR HELIUM PREPARES FOR IMMINENT DRILLING AT TOPAZ FOLLOWING CONTRACT APPROVAL

Pulsar Helium Inc. has signed a new drill contract with Capstar Drilling for its Topaz helium project in the state of Minnesota, United States. The drill contract follows the successful drilling of the Jetstream No. 1 well and additional drilling activities are scheduled to occur this quarter. Drilling activities will consist of deepening the Jetstream No. 1 well by a further 500 metres to intersect the full anticipated height of the reservoir, with the option to drill an additional two stepout wells. All necessary permits to deepen Jetstream No. 1 have been obtained, and site improvements and preparation are now under way.

Highlights:

• A new drill contract has been signed with Capstar Drilling for deepening the Jetstream No. 1 well by a further 500 metres to intersect the full anticipated height of the reservoir, with the option to drill two additional stepout wells.
• Site improvements are under way, all relevant permits for deepening Jetstream No. 1 have been obtained, and drilling is scheduled to commence this quarter.

Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "The signing of the Capstar Drilling contract is a further step forward as we look to commercialize the high-grade Topaz helium project in Minnesota. We anticipate that deepening the Jetstream No. 1 well will further validate the economics of the project and confirm the reservoir's district-scale potential, thus underpinning Topaz as North America's leading helium and CO2 [carbon dioxide] resource."

"These are exciting times for Pulsar, particularly as mineral security and safe-jurisdiction resource development increasingly shape investor decision making. We are receiving strong support across the political spectrum in Minnesota who recognize the statewide benefits of bringing Topaz on stream. As the project continues to develop at pace, we look forward to keeping the market regularly informed and delivering our strategy for the benefit of all stakeholders."

Drill contract details

Following the successful drilling and testing of the Jetstream No. 1 well, the company intends to maintain momentum and has accordingly signed a new drill contract with Capstar Drilling to undertake further drilling at the Topaz project in Minnesota. The rig is scheduled to commence drilling services this quarter, consisting of deepening the Jetstream No. 1 well by 500 metres, with the option to drill an additional two stepout wells.

Capstar Drilling is the rig contractor of choice, having been previously contracted to drill the Jetstream No. 1 well in February of this year. The rig and experience of the crew with local conditions are highly regarded and the continuity with Capstar Drilling is anticipated to be a benefit to the drill program. Capstar Drilling will provide a 6000 Elenburg Manufacturing trailer-mounted drilling rig and the crew.

All necessary permits required from local, state and federal authorities have been obtained for deepening Jetstream No. 1 and site preparations are currently under way. Drilling activities will be overseen by company personnel and Tres Management Inc. During drilling, a gas chromatograph and mass spectrometer will be on location to provide real-time gas composition measurements, including helium concentration. On reaching total depth, an open-hole logging suite will be acquired to evaluate the reservoir zone for the next phase of evaluation.

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, 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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