Mr. Thomas Abraham-James reports

PULSAR ANNOUNCES POSITIVE SEISMIC INTERPRETATION THAT INCREASES THE POTENTIAL OPPORTUNITIES OF THE TOPAZ HELIUM PROJECT

Pulsar Helium Inc. has received and interpreted a 20.4-kilometre-long 2-D seismic reflection survey at its Topaz helium project in the state of Minnesota, United States. The processed seismic data show a continuous reflective package at the helium-bearing interval encountered in Jetstream No. 1, which has been imaged to extend approximately 1.5 kilometres to the west and two kilometres to the east of the well. This gives the company reasonable confidence that future wells could target this zone accurately. In addition, other reflective packages are visible in the processed seismic, suggesting additional fracture zones, further increasing prospectivity and potential to drill into new discrete helium-bearing fractures. The 2-D seismic line adds complementary geologic detail to the existing ambient noise tomography (passive seismic) data, which indicate a slowed seismic velocity layer beneath the current total depth of the Jetstream No. 1 well.

Highlights:

• A single 20.4-kilometre 2-D reflection seismic line acquisition completed, processed and interpreted;
• The seismic data show a continuous reflective package, which includes the helium-bearing zone has been imaged to extend around 1.5 kilometres to the west and two kilometres to the east of Jetstream No. 1;
• This successful imaging at Jetstream No. 1 and surrounding area highlights the suitability of reflection seismic to map the geometry of the helium-bearing-zone and other prospects in the region; planning for additional 2-D and passive seismic data acquisition is under way, considering the presence of what appears to be a regional system.

Josh Bluett, technical manager of Pulsar, commented: "As we progress toward deepening Jetstream No. 1 to test the full extent of the interpreted helium-bearing zone, the team continues to evaluate the subsurface data. The recently acquired seismic line shows that the productive helium-bearing interval intersected in Jetstream No. 1 extends laterally. The additional active seismic data further supports the interpretation of the passive seismic and airborne geophysical data. This new data is very encouraging, and I look forward to the upcoming drill program."

Seismic survey details

As announced by news release on Aug. 13, 2024, the 2-D seismic reflection survey was acquired at the company's Topaz helium project in Minnesota in July and August, 2024. The line was oriented in a nominal east-west direction, passing 460 metres to the south of the Jetstream No. 1 appraisal well that successfully flowed gas with high-concentration helium to surface.

The company has since received the processed data with interpretation conducted in collaboration with Prof. Nick Schofield. Prof. Schofield is a tenured professor of igneous and petroleum geology at the University of Aberdeen and a renowned specialist in seismic and field interpretation of intrusive igneous geology.

The vertical seismic profile (VSP) and seismic sweep test line acquired in May, 2024, enabled Pulsar to carefully evaluate and select optimal acquisition parameters for the recent 2-D seismic line. Having these data for planning the seismic acquisition is critical in hard-rock terranes, where seismic acquisition is challenging.

The seismic data show a continuous reflective package associated with the layered mafic series intersected in Jetstream No. 1. This reflective package, which includes the helium-bearing zone, has been imaged to extend around 1.5 kilometres to the west and two kilometres to the east of Jetstream No. 1 on the line, with other potential fracture features mappable along the entire 20.4-kilometre line.

This successful imaging at the Jetstream No. 1 appraisal well and surrounding area highlights the suitability of reflection seismic to map the geometry of the helium-bearing-zone and other prospects in the region and is a valuable complement to the existing ambient noise tomography (referred to as passive seismic) imaging. This combination of seismic techniques gives reasonable confidence for siting future wells targeting these zones.

The seismic is currently being incorporated into the company's 3-D geological model, including continuing interpretation of the high-resolution gravity gradient and magnetic data acquired by Pulsar in May, 2024.

About Jetstream No. 1

The Jetstream No. 1 appraisal well was drilled at the company's Topaz helium project in Minnesota, United States in February, 2024. The well successfully flowed helium-bearing gas to surface, with helium concentrations in the range of 8.7 per cent to 14.5 per cent. Following the successful drilling and testing of Jetstream No. 1, the company intends to maintain momentum and has accordingly signed a new drilling contract with Capstar Drilling to deepen the well to fully penetrate the entire interpreted helium-bearing zone. The rig is scheduled to commence drilling this quarter, deepening the Jetstream No. 1 well by approximately 500 metres, with the option to drill an additional two stepout wells.

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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