Mr. Thomas Abraham-James reports

PULSAR HELIUM ENGAGES SPROULE-ERCE FOR PRE-FEASIBILITY STUDY AT THE TUNU HELIUM-GEOTHERMAL PROJECT, GREENLAND

Pulsar Helium Inc. has signed an agreement with leading global energy consultancy Sproule-ERCE to conduct a prefeasibility study (PFS) at the company's Tunu helium-geothermal project in eastern Greenland.

The engagement marks a significant milestone for Pulsar as it advances Tunu, which is one of the few primary helium occurrences in Europe.

Highlights:

• The PFS will evaluate the existing geothermal opportunities in more detail alongside potential helium extraction.
• Geothermal opportunities have been identified through advanced interpretation of existing geophysical data, including a recently completed passive seismic survey, which has revealed previously unrecognized subsurface anomalies consistent with geothermal prospectivity.
• A PFS is now under way to assess the dual resource potential at Tunu, led by Sproule-ERCE's internationally recognized geothermal team, which has supported over 200 megawatts of geothermal heat capacity and performed over 40 geothermal feasibility studies and geothermal construction projects globally.
• Sproule-ERCE's global expertise will be key to derisking Tunu and unlocking its newly discovered potential, shaping its next development phase.
• The PFS is scheduled for completion by the end of August, 2025, providing Pulsar with a robust technical and economic foundation for future project decisions.

Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "We are delighted to partner with Sproule-ERCE, whose deep expertise and global track record in geothermal and resource consulting is second to none. The Tunu project is a unique opportunity, combining primary helium and geothermal energy potential in a highly strategic location. This prefeasibility study could be a crucial step in unlocking additional value for our shareholders and support Europe's critical raw materials and clean energy ambitions. We look forward to sharing results as the study progresses."

About the Tunu project

Pulsar's Tunu project is located on the east coast of Greenland, near Ittoqqortoormiit and the Scoresby Sound fjord system. The project is notable for being one of the few primary helium occurrences identified in Europe, with helium concentrations in sampled hot springs reaching up to 0.8 per cent, and also demonstrates significant geothermal energy prospects with reservoir temperatures estimated between 80 C and 110 C, making cogeneration of power and heat potentially feasible. The gas composition is primarily nitrogen and helium and is not associated with hydrocarbons, which is rare among global helium projects.

A 2024 passive seismic survey identified two main low-velocity anomaly zones, indicating fractured reservoirs that could trap helium and provide targets for exploratory drilling, aligning with surface hydrothermal activity and faults linked to gas emissions. Pulsar holds first-mover advantage for helium in Greenland and is the first company to receive a licence for helium exploration in the country, granting exclusive rights for helium, hydrogen and other minerals (excluding hydrocarbons and radioactive elements), and the project's location allows for efficient transport of helium to the European market while also offering the potential for renewable geothermal power for the local community.

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 has advanced to licence pending 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.

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