Mr. Thomas Abraham-James reports

PULSAR HELIUM ANNOUNCES PROJECT FINANCE FACILITY AND CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT

University Bancorp Inc. has signed a term sheet to extend a $4-million (U.S.) project finance facility to Pulsar Helium Inc.'s wholly owned Minnesota operating subsidiary, Keewaydin Resources Inc., in the form of a line of credit. The facility will be guaranteed by Pulsar and secured by a pledge of all of the shares of Keewaydin and a first lien on all assets of Keewaydin. The facility will mature on March 31, 2026, and will bear interest on any amount drawn at 12 per cent per annum. A utilization fee of 2 per cent will be charged on the balance of any draws on the facility; however, such fees shall be reimbursable by Keewaydin at maturity. Keewaydin will draw funds from the facility as needed to fund operational activities on Pulsar's Topaz helium project in the near term.

The facility is subject to the execution of definitive documentation and certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange, if required.

With positive drilling results to date at Topaz and imminent flow testing of the two Jetstream wells, the company has re-evaluated the need to raise additional equity capital at this point. Contractors have confirmed their availability to mobilize to Topaz and commence flow testing of the Jetstream No. 1 and No. 2 wells on or around March 29, 2025, with each well to be flowed for a period of approximately two weeks. At the same time, uncontaminated gas samples will also be collected from each well and sent for laboratory analysis.

In addition, on March 21, 2025, the company closed the second and final tranche of the brokered private placement, previously announced on Dec. 30, 2024, Jan. 10, 2025, and Feb. 19, 2025, through the issuance of 1,124,994 new common shares at a purchase price of 38 U.S. cents per offered share (equivalent to approximately 55 cents/30 pence) for gross proceeds of $427,498 (U.S.). Together with the first tranche, the company raised a total of $2,427,498 (U.S.) gross proceeds and issued a total of 6,388,154 new common shares pursuant to the private placement.

In connection with the final tranche, the company paid a cash fee of $25,650 (U.S.) to its co-placing agent, University Bank.

The offered shares issued in connection with the final tranche are subject to a four-month-and-one-day hold period.

Thomas Abraham-James, president and chief executive officer of Pulsar Helium, commented: "We welcome the project finance transaction for our Topaz helium project in Minnesota. This provides the working capital required to advance the project and avoids additional shareholder dilution. Initial drilling results at Topaz have been positive, and the upcoming flow tests on both Jetstream wells mark an exciting milestone as we move closer to our goal of helium production."

Admission to AIM (Alternative Investment Market) and total voting rights

Application is being made to the London Stock Exchange PLC for the admission of the 1,124,994 offered shares issued pursuant to the final tranche to be admitted to trading on the AIM, which is expected to occur and dealings commence at 8 a.m. on or around March 27, 2025. The offered shares will rank pari passu with the company's existing common shares.

On admission, the total number of common shares in issue will be 133,692,971 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the company's issued share capital pursuant to the company's articles.

About the Topaz project

The Topaz project is located in northern Minnesota, United States, where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream No. 1 appraisal well has reached total depth of 5,100 feet (1,555 metres) on Jan. 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. 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. In addition, the Jetstream No. 2 appraisal well was completed on Feb. 1, 2025, reaching a total depth of 5,638 feet (1,718 metres) The deepening of Jetstream No. 1 and completion of the drilling of Jetstream No. 2 are pivotal steps in advancing Pulsar's strategy to address the increasing global demand for helium as the company moves another step closer to production.

About Pulsar Helium Inc.

Pulsar Helium is a publicly traded company listed on the AIM 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.

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