Mr. Thomas Abraham-James reports

PULSAR HELIUM ANNOUNCES SUCCESSFUL COMPLETION OF THE JETSTREAM #2 APPRAISAL WELL, TOPAZ PROJECT, MINNESOTA, USA

Pulsar Helium Inc. has successfully completed drilling the Jetstream No. 2 appraisal well at its flagship Topaz project in Minnesota, United States. The drilling operation reached total depth (TD) of 5,638 feet (1,718 metres) on Feb. 1, 2025, successfully penetrating the entire interpreted helium-bearing interval and beyond. Elevated helium values were encountered in Jetstream No. 2 over a gross vertical thickness of 3,178 feet (969 metres) with samples containing up to 3.5 per cent helium identified, despite dilution from atmospheric air due to the rotary air drilling method used.

Key achievements:

• Successful drilling: Jetstream No. 2 reached its target depth of 5,638 feet on Feb. 1, 2025.
• Promising helium readings: Mud log gas levels containing up to 3.5 per cent helium were encountered during drilling. These samples are diluted by atmospheric air due to the rotary air drilling method used, where air is forced into the well by compressors. Actual helium concentration is likely higher than the measured 3.5 per cent and uncontaminated samples for laboratory analysis will be acquired in due course to determine the true helium concentration.
• Expanded reservoir: Elevated helium values were encountered in Jetstream No. 2 over a gross vertical thickness of 3,178 feet (969 metres), commencing at 2,460 feet (650 metres) to and ending at total depth.
• Comprehensive data collection: Downhole wireline logging data were acquired on Feb. 1, 2025, these data will be integrated with additional downhole data that will be acquired over the coming weeks.
• Next steps: Additional data collection, including optical televiewer, high-definition spectroscopy, and pressure and flow testing, will be conducted for Jetstream No. 1 and No. 2 in February and March. All data will then be sent to an independent resource estimator for a resource update and to Chart Industries for production scenario assessment and conceptual processing facility design.

Thomas Abraham-James, president and chief executive officer of Pulsar Helium, commented on the drilling: "Drilling of the Jetstream No. 2 appraisal well and deepening of Jetstream No. 1 is now complete, both of which were a resounding success with multiple high-concentration helium shows encountered. My congratulations to our operational team for accomplishing these tasks on time and without injury. The newly identified gas shows and highly encouraging helium readings give us great confidence for this being the most significant new primary helium discovery in North America. We now move into the all-important testing phase and I look forward to keeping the market updated with results as they arrive."

Expanded reservoir potential

Elevated helium values for both Jetstream No. 1 and No. 2 occurred over a gross vertical thickness of 3,350 feet and 3,178 feet (1,021 metres and 969 metres), respectively, showing consistency between wells and suggesting that interpreted geophysical data correctly indicate that the helium-bearing zone extends beyond 2,200 feet (671 metres), which was the total depth of Jetstream No. 1 prior to deepening. The increased gross helium-bearing interval potentially enhances the project's resource potential and underscores the value of the Topaz project.

Continuing analysis and testing

Additional testing, including optical televiewer and high-definition spectroscopy, is scheduled to occur later in February, with pressure and flow testing planned for March. These will further refine the company's understanding of the reservoir properties and production potential.

Strategic significance

The Jetstream No. 1 appraisal well previously reached total depth of 2,200 feet (671 metres) on Feb. 27, 2024, identifying top-tier helium concentrations of up to 14.5 per cent, well above the 0.3-per-cent widely accepted economic threshold, and CO2 (carbon dioxide) concentrations exceeding 70 per cent -- with the latter expected to further contribute to the project economics. The deepening of Jetstream No. 1 and the completion of Jetstream No. 2 are pivotal steps in advancing Pulsar's strategy to address the increasing global demand for helium as the company moves toward its objective of production.

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 a 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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