Mr. Andrew Davidson reports

ROYAL HELIUM REPORTS ANNUAL GENERAL AND SPECIAL MEETING RESULTS AND FILES PRELIMINARY SHELF PROSPECTUS

Royal Helium Ltd. has released the results of the company's annual general and special meeting of shareholders which was held today. All matters presented to shareholders for approval as set out in the company's notice of meeting and management information circular dated Sept. 14, 2022, were approved by an overwhelming majority of the votes cast for the meeting. Resolutions approved were to fix the number of directors of the company at seven, the appointment of KPMG LLP, chartered professional accountants, as auditor of Royal, the approval of the company's stock option plan in accordance with TSX Venture Exchange Policy 4.4 -- Security Based Compensation and the approval of amendments to the articles of Royal. The voting results for the election of the directors of the company were as shown in the attached table.

Voting results for the other items of business at the meeting, all as more particular described in the circular, were as shown in the attached table.

Andrew Davidson, president and chief executive officer of Royal, comments: "We would like to thank the shareholders for their overwhelming support at today's meeting. We look forward to an exciting year ahead as we transition from a helium exploration company to a truly integrated helium exploration, production and sales company."

Filing of shelf prospectus

Royal announces that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, except the province of Quebec.

The shelf prospectus will, subject to regulatory requirements and approval, provide for the potential offering in Canada of up to an aggregate of $200-million of Royal's common shares, debt securities, subscription receipts and units from time to time over a 25-month period after applicable Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.

The shelf prospectus is being filed to provide Royal the flexibility to take advantage of financing opportunities from time to time and as market conditions dictate. The terms of such future offerings, if any, will be established at the time of such offerings. At the time any of the securities covered by the shelf prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with applicable Canadian securities regulatory authorities and is also subject to TSX Venture Exchange review and acceptance.

About Royal Helium Ltd.

Royal controls over one million acres of prospective helium land across Southern Saskatchewan and southeastern Alberta. All of Royals' lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land in close proximity to existing helium producing locations. With stable, rising prices and limited, non-renewable sources for helium worldwide, Royal intends to become a leading North American producer of this high value commodity. Royal's helium reservoirs are carried primarily with nitrogen. Nitrogen is not considered a greenhouse gas (GHG) and therefore has a low GHG footprint when compared with other jurisdictions that rely on large-scale natural gas production for helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 90 per cent less carbon intensive than helium extraction processes in other jurisdictions.

We seek Safe Harbor.