Mr. Thomas Abraham-James reports

PULSAR HELIUM ACQUIRES STRATEGIC SURFACE LAND AT TOPAZ HELIUM PROJECT, MINNESOTA

Pulsar Helium Inc. has acquired approximately 1,360 acres of surface land in Lake county, Minnesota, located within its flagship Topaz project. The surface land was purchased in an arm's-length transaction from Wolf Lands Inc. for total cash consideration of $2.48-million (U.S.) to be satisfied through the company's existing cash resources. The newly acquired land lies within the mineral rights that the company holds under lease from a separate private owner, and the area includes the location of the company's Jetstream No. 7 well.

Strategic rationale for the acquisition

Securing direct surface ownership across a key area of the Topaz project, including the Jetstream No. 7 well site, further strengthens long-term operational control as Pulsar advances toward production readiness.

Control of the surface land provides greater certainty for future infrastructure siting, development planning and operational flexibility ahead of the next phase of development.

Concentration of acreage footprint provides optimal scalability of the initial and overall resource development.

Thomas Abraham-James, chief executive officer of Pulsar, commented: "This acquisition, driven by our intention to develop Topaz into a significant primary helium producer, builds on growing momentum at the project as we move decisively toward production readiness. It also follows recent legislative progress updating Minnesota's permitting framework for helium extraction. With a clearer pathway now emerging toward future production, securing ownership of the surface land overlying our leased mineral rights, including the site of our Jetstream No. 7 well, provides Pulsar with increased operational control and long-term development certainty as we continue advancing Topaz toward production."

The acquisition forms part of Pulsar's broader push toward production readiness at Topaz. The company recently concluded its Jetstream exploration and appraisal program, with all wells drilled to date having encountered gas under high pressure, and is now obtaining quotes for the drilling of up to four new production wells to supplement two production-ready wells already drilled. It follows significant regulatory progress in Minnesota, where, on May 26, 2026, Governor Tim Walz signed into law new legislation establishing a helium-specific framework for gas resource development in northeastern Minnesota, and the Minnesota Department of Natural Resources issued proposed expedited permanent rules for permitting gas resource development on May 18, 2026.

These developments come amid a sharp tightening of global helium supply, driven by disruption to the Strait of Hormuz, attacks on QatarEnergy's Ras Laffan facilities (Qatar supplies approximately 35 per cent of the world's helium) and new Russian export controls in place through the end of 2027. In the United States, some helium customers have already been subject to allocation measures and surcharge notices from major industrial gas suppliers, underscoring the urgent need for secure, domestic, primary helium supply.

Topaz, located in Lake county near Babbitt in Northern Minnesota, is Pulsar's 100-per-cent-owned flagship project and one of the leading primary helium discoveries in the United States. Unlike most global helium production, Topaz is a high-grade primary helium discovery that is not associated with hydrocarbon production. In preparation for production, Pulsar signed a letter of intent in March, 2026, with Chart Industries Inc. for the supply of an integrated helium liquefaction and CO2 (carbon dioxide) capture facility.

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 and 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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