Mr. Thomas Abraham-James reports

PULSAR HELIUM ANNOUNCES SUCCESSFUL COMPLETION OF PASSIVE SEISMIC SURVEY AT THE TUNU PROJECT IN GREENLAND

Pulsar Helium Inc. has received the interpretation of a passive seismic survey conducted at the Kap Tobin prospect within the Tunu project in Greenland. The data were collected in the summer of 2024 and interpretation received this month, showing two main low-velocity anomaly zones that fit surface observations of a hydrothermal zone and fault that is associated with gas emissions containing up to 0.8 per cent helium between 50 metres and 200 metres vertical depth.

Key achievements:

• Successful survey -- 150 passive seismic sensors deployed at an average interstation distance of 100 metres;
• Promising results -- high-quality data received, reliable between 50 metres and 200 metres vertical depth;
• Velocity anomalies -- study reveals two low-velocity anomaly zones aligning with surface observations of a hydrothermal zone and a fault linked to gas emissions with up to 0.8 per cent helium;
• Fractured reservoir -- unexpectedly low velocities suggest the rock is more fractured than anticipated; this could aid helium exploration as fractures provide spaces for the gas to accumulate and become trapped underground;
• Exploration targets -- identified low-velocity zones offer clear targets for drilling exploratory wells for helium and potential associated geothermal energy production.

Thomas Abraham-James, president and chief executive officer of Pulsar Helium, commented on the study: "The completion of this passive seismic survey at the Kap Tobin prospect in Greenland marks a significant milestone in our exploration efforts at the Tunu project. The identified low-velocity anomalies, coupled with our previous helium shows in the area, reinforce our confidence in the project's potential not only for helium, but also geothermal energy. These results provide valuable insights into the subsurface structure and will guide our future exploration and development strategies."

Strategic significance

Helium is on the European Union (EU) list of critical raw materials, and, while not an EU member, Greenland is a strategic partner to the critical raw materials initiative. Potential for a combined helium and geothermal energy operation has been identified and is being assessed for commercial production. Geothermal energy could be utilized for the helium production facility and as an alternative power source for the nearby settlement of Ittoqqortoormiit (located 7.5 kilometres to the north of Kap Tobin) which currently relies on diesel generators. Meanwhile produced helium could be exported to the EU.

Reservoir potential

The survey has revealed promising indications of potential helium-bearing reservoirs. The two identified main north-northeast-south-southwest low-velocity anomaly zones correlate with surface observations of hydrothermal activity and faulting. These features could potentially indicate pathways for helium migration and accumulation.

Kap Tobin summary

The Kap Tobin prospect located within the company's Tunu project in Liverpool Land, eastern Greenland, and is 7.5 kilometres south of the settlement of Ittoqqortoormiit. Previous sampling of hot springs at Kap Tobin in 2022 revealed helium concentrations between 0.36 per cent and 0.82 per cent, determined using different methods in three independent laboratories. The remainder of the gas is mostly nitrogen, which is an inert gas that makes up the majority of Earth's atmosphere. Additional geothermal studies by academic institutions suggest a reservoir temperature of at least 80 C, with some models indicating temperatures up to 110 C.

Next steps

Pulsar will integrate these passive seismic results with existing geological and geochemical data to refine its exploration model and identify optimal locations for future drilling. Given the positive results to date, the company is assessing potential strategic partners to advance the Tunu project while it focuses on realizing the helium production potential at its Topaz project in Minnesota, United States.

The Tunu project mineral exploration licence

The Tunu project comprises exclusive special mineral exploration licence 2021-45 (MEL-S 2021/45) and a non-exclusive mineral prospecting licence. In accordance with the application procedures and standard terms for mineral exploration and prospecting licences in Greenland, in November, 2024, the company applied for an exclusive exploration licence on normal terms for part of the licence area that contains the Kap Tobin prospect. The application is now showing approval status on the Greenland registry, and the company expects to receive formal confirmation shortly. This licence will replace MEL-S 2021/45, which was due to expire on Dec. 31, 2024, and will have an initial term of five years, which is extendable, subject to meeting certain conditions, to a maximum term of 22 years.

About Pulsar Helium Inc.

Pulsar Helium is a publicly traded company listed on the AIM (Alternative Investment Market) of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR as well as 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.

Qualified person signoff

In accordance with the AIM Note for Mining and Oil and Gas Companies, the company discloses that Mr. Abraham-James, president, chief executive officer and director of the company, has reviewed the technical information contained herein. Mr. Abraham-James has approximately 20 years in the mineral exploration industry and is a chartered professional fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM CP (Geo)), a fellow of the Society of Economic Geologists, and a fellow of the Geological Society of London.

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