Mr. Thomas Abraham-James reports

PULSAR SIGNIFICANTLY INCREASES LAND POSITION AT THE TOPAZ HELIUM PROJECT IN MINNESOTA

Pulsar Helium Inc. has increased its net land position by 100 per cent at the Topaz helium project in the state of Minnesota, United States. This expansion follows the successful drilling of the Jetstream No. 1 well and the release of an independent resource report that underscores the Topaz project's existing resource with high helium concentration and upside potential. The company is also pursuing additional acreage to secure district-wide control of what it believes to be a newly emerging helium reservoir that is regional in scale.

Highlights:

• A 100-per-cent increase in land position expands the company's interest in the Topaz project from 2,089 to 4,181 net acres.
• The terms state that, after the initial five-year lease extension, any developed tract can be extended further as long as Topaz continues producing gas.
• Pulsar is also pursuing additional acreage through the newly legislated state leasing process.

Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "Based on existing data demonstrating the continuity of the system, along with the Sproule resource report, which highlighted the helium resource of one prospect in the area, we believe the Topaz project has district-size scalability. Accordingly, as part of our growth strategy, we are actively securing key land positions. Following this option exercise, we are pleased to have almost doubled our net acreage and are now targeting additional land acquisitions, guided by well-defined geological insights."

"These are exciting times for Pulsar, especially at the Topaz project, where our next steps include deepening the Jetstream No. 1 well, which we believe will positively influence our resource update, then assessing drilling stepout wells, and the completion of additional seismic studies. These efforts will enhance our understanding of this dual-commodity project, which benefits from strong domestic demand for both helium and CO2. I look forward to regularly updating shareholders as we execute our project plan and continue to build value for all stakeholders."

Details

Following the successful drilling and testing of the Jetstream No. 1 well, Sproule International Ltd. completed an independent resource update for the Topaz project confirming the presence of commercial concentrations of both helium and CO2 (carbon dioxide), with no significant environmental or logistical barriers to commercialization. Coupled with data from multiple geophysical, geological and seismic studies, the company is confident in the Topaz project's district-scale potential. As a result, the board is actively expanding its land holdings to capitalize on this opportunity.

The initial expansion of the land package is through the exercise of its exclusive option with a private mineral right holder over 2,092 net acres for $313,800 (U.S.) or $150 (U.S.) per acre. The primary term for this land package is five years for undeveloped land, which is extendable for the term of production and carries a 20-per-cent royalty. The company already has 2,089 net acres leased with private mineral right holders within the Topaz project area.

In addition to the option exercise, the company is in discussion with the state of Minnesota to increase the company's acreage in the Topaz project area. New legislation was passed in May, 2024, that allows the state to lease mineral rights for helium for the first time. The Minnesota Department for Natural Resources and the Department of Iron Range Resources & Rehabilitation recently visited the Topaz project and underlined its enthusiasm for its advancement, which is recognized as having a positive economic impact to the local and regional area. Furthermore, the support for resource development within the state has been emphasized by the recently passed legislation.

The company's land acquisition program is running in tandem with plans to accelerate the development of the Topaz project, which entails the deepening of the Jetstream No. 1 well, drilling stepout wells and acquiring additional seismic surveys to further ascertain the true scale of the project. Sproule's recently completed prospective resource statement (refer to the company's announcement of Aug. 21, 2024) estimated 2.8 Bcf helium (P10) and 21.3 Bcf CO2 (P10) gross gas recoverable prior to the planned deepening of the Jetstream No. 1 well by a further 500 metres seeking to intersect the full anticipated height of the reservoir.

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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