Mr. Thomas Abraham-James reports

PULSAR HELIUM ANNOUNCES AN UPDATE FOR WELL-TESTING AT THE TOPAZ HELIUM PROJECT IN MINNESOTA

Pulsar Helium Inc. has provided an update for well-testing activities at Jetstream No. 1 and Jetstream No. 2 at its flagship Topaz project in Lake county, Minnesota.

Pressure and flow testing operations were conducted on the Jetstream No. 1 and No. 2 appraisal wells with wellhead pressure at both being highly encouraging, reaching 122 pounds per square inch gauge at Jetstream No. 1 and 151 pounds per square inch gauge at Jetstream No. 2. Wellhead pressure at Jetstream No. 2 is greater than Jetstream No. 1 was in February, 2024 (145 pounds per square inch gauge), when it achieved a flow rate of 821,000 cubic feet per day, under wellhead compression.

During flow testing activities, it was discovered that drilling fines (rock dust) created by the air drilling method (that pulverizes the rock) were present within fractures and partially coating the wellbore wall. The creation of drilling fines is commonplace when air drilling. Although gas flow may be restricted, pressure communication still occurs (albeit also constrained), which is why the company was unaware of the restricted flow until testing commenced.

The company has performed a preliminary cleanup on both wells to mobilize the drilling fines, achieving improved flow results, demonstrating that the drilling fines are mobile and can be removed. Despite the currently restricted conditions, stable and consistent flow rates were achieved under with both wells flowing natural flow and on compression.

Further flow testing of the Jetstream wells will recommence when cleanup of the wells is complete and the drilling fines have been removed, all of which are anticipated to be completed in the next six to 10 weeks.

Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "We are pleased with these preliminary findings and look forward to being able to resume flow testing when the rock dust has been removed from the wells. Our technical team is taking the necessary measures to complete the cleanup and we will advise investors as soon as these works are complete and when testing will be resumed."

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 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. Drilling of 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 (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.

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