Mr. Andrew Davidson reports

ROYAL HELIUM APPOINTS KARL KURZ TO BOARD OF DIRECTORS

Royal Helium Ltd. has appointed Karl F. Kurz to the board of directors.

Mr. Kurz has over 40 years of energy industry experience in the public and private markets, including serving as the chief operating officer for Anadarko Petroleum Corp. from December, 2006, through March, 2009, which was acquired by Occidental Petroleum in one of the largest merger and acquisitions in oil and gas history for $55-billion in 2019. In that role, Mr. Kurz had responsibility for global exploration and production, marketing, midstream, land, technology, and engineering services. Mr. Kurz joined Anadarko in 2000 and held various leadership positions in the marketing, midstream, exploration and production areas. Mr. Kurz currently serves on the public boards of several multibillion-dollar corporations, Devon Energy, Texas Pacific Land Corp. and American Water Works, where he is the non-executive independent chairman of the board.

Andrew Davidson, president and chief executive officer, comments: "We are pleased to have Karl join the Royal team as we expand our focus from helium exploration to now include production and sales. His senior management experience with some of America's largest energy corporations will be invaluable as Royal expands its operations in Canada and, increasingly, in the U.S. An advanced understanding of midstream and marketing of gas will be a major component of our business success going forward, and we are very fortunate to benefit from Karl's top tier experience."

More recently, Mr. Kurz was an operating adviser with Ares Capital, a leading specialty finance company, providing support on prospective and existing energy transactions. Mr. Kurz was also a managing director with CCMP Capital Advisors LLC and co-head of the energy group from September, 2009, to September, 2012. CCMP Capital Advisors is a leading global private equity firm specializing in buyouts and growth equity investments in companies ranging from $500-million to more than $3-billion in size.

Mr. Kurz began his career with ARCO Oil & Gas Company in 1983 and spent the early portion of his career in various upstream, marketing and mid-stream roles. He holds a bachelor of science in petroleum engineering from Texas A&M University, graduating magna cum laude in 1983. He is also a graduate of Harvard's advanced management program in 2008.

Royal Helium also announces the grant of 500,000 stock options pursuant to the company's stock option plan to certain consultants and advisers to the company. The options are exercisable at 40 cents per share and, if not exercised, expire May 25, 2028, subject to earlier expiration in accordance with the stock option plan and the applicable policies of the TSX Venture Exchange.

About Royal Helium Ltd.

Royal is an exploration, production and infrastructure company with a primary focus on the development and production of helium. The company controls over one million acres of prospective helium permits and leases across Southern Saskatchewan and southeastern Alberta. Given the current and foreseeable global undersupplied nature of this critical and non-renewable product, Royal is well positioned to be a leading North American producer of this increasingly 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.

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