Mr. Thomas Abraham-James reports

PULSAR FILES FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025

Pulsar Helium Inc. has released its financial and operating results for the three months ended Dec. 31, 2025.

Selected financial and operational information is outlined below and should be read in conjunction with the company's unaudited condensed interim consolidated financial statements and related management discussion and analysis for the three months ended Dec. 31, 2025, which are available on the company's website and the company's SEDAR+ profile.

All figures are in U.S. dollars unless otherwise stated.

Operational highlights for the period and postperiod:

• In October, 2025, the company commenced a drilling program aiming to drill up to 10 wells, with a total of six completed to date (Jetstream No. 1 to No. 6) and drilling under way at Jetstream No. 7. The drilling program's primary goal is to delineate the extent and productivity of the helium reservoir at Topaz. Data from these core wells, including gas shows, core samples and downhole measurements, will enable Pulsar to map reservoir continuity between the well locations and to identify optimal areas for future production.
• In November, 2025, the company completed drilling of the Jetstream No. 3 appraisal well to a total depth of 3,507 feet (1,069 metres) and completed drilling of the Jetstream No. 4 appraisal well to a total depth of 3,000 feet (914 metres).
• In January, 2026, two U.S. federal laboratories independently confirmed the helium-3 (3He) isotope concentration from the Topaz project. The U.S. Geological Survey Noble Gas Laboratory in Denver and Lawrence Livermore National Laboratory in California each analyzed raw gas samples from the Jetstream No. 1 well, both laboratories reported results consistent with prior analyses conducted by the Woods Hole Oceanographic Institution, confirming the presence of 3He in the gas with a concentration range of 11.2 to 11.9 parts per billion and associated with 7.7 to 8.0 per cent helium-4 (4He), respectively.
• In January, 2026, the company completed drilling of the Jetstream No. 5 appraisal well to a total depth of 3,839 feet (1,170 metres), and, in February, 2026, the company completed drilling of the Jetstream No. 6 appraisal well to a total depth of 2,597 feet (792 metres).

Acquisitions for the period and postperiod:

• In November, 2025, the company entered into a definitive agreement to acquire 80 per cent of the common shares of Quantum Hydrogen Inc., a Texas corporation, which holds exclusive mineral rights for non-hydrocarbon gases in Minnesota that are located in the St. Louis and Itasca counties to the west of the company's Topaz project. In consideration, the company agreed to issue common shares having an aggregate value of $400,000, to be issued in five equal monthly tranches of $80,000 each, over a five-month period commencing upon receipt of TSX-V approval. The number of common shares in each tranche will be determined by the 30-day volume-weighted average price of the company's common shares prior to each issuance. The company was also granted the option to acquire the remaining 20 per cent of Quantum within 18 months for an additional $400,000 payable in common shares of the company, issuable under the same terms and pricing mechanism as set out above. In December, 2025, the company issued 292,560 common shares to satisfy the first and second monthly tranches of $80,000 each. In January, 2026, the company issued 145,434 common shares satisfying the third monthly tranche of $80,000, and, in February, 2026, the company issued 80,947 common shares satisfying the fourth monthly tranche of $80,000. The fifth and final tranche of common shares is due in March, 2026, to complete the acquisition of Quantum. Once acquired, these mineral rights will expand the company's land position west of the Topaz project.
• In January, 2026, the company completed the acquisition of 100 per cent of the common shares of Hybrid Hydrogen Inc. for total consideration of $105,000 cash. Hybrid holds an exclusive mineral rights option to lease in Michigan's Upper Peninsula, targeting non-hydrocarbon gases (primarily helium). The company now refers to this project as the Falcon helium project.

Financial highlights for the period and postperiod:

• During the period, the company recorded exploration and evaluation expenditures of $2-million related to drilling at the Topaz project as described above.
• During the period, the company issued 16,150,567 common shares on the exercise of warrants for gross proceeds of $4.1-million.
• During the period, the company issued 800,000 common shares on the exercise of options for gross proceeds of $300,000.
• Postperiod, the company announced an equity fundraising (the placing) for gross proceeds of approximately 7.4 million British pounds (approximately $10-million) at a price of 80 pence per share. The placing is being conducted by way of an accelerated bookbuild process managed by Oak Securities (a trading name of Merlin Partners LLP) as exclusive bookrunner and is expected to be completed on Feb. 27, 2026.

Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "During the period and postperiod, Pulsar advanced its appraisal drilling program at the Topaz project, completing additional wells and further delineating the scale and continuity of the helium-bearing reservoir. The data gathered from drilling, pressure and gas analysis continues to strengthen our understanding of the system and supports the next phase of resource evaluation and development planning.

"In February, we announced a 7.4-million-British-pound (approximately $10-million) capital raise, which is expected to close on Feb. 27, 2026, completion of which significantly strengthens the company's balance sheet and provides the financial flexibility to advance Topaz and progress our broader portfolio."

About Pulsar Helium Inc.

Pulsar Helium is a publicly traded company quoted on the AIM (Alternative Investment Market) of the London Stock Exchange (United Kingdom) and listed on the TSX Venture Exchange with the ticker PLSR (Canada) as well as on the OTCQB with the ticker PSRHF (United States). Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, the Falcon project in Michigan (both in the 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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