Mr. Andrew Davidson reports

ROYAL HELIUM LTD. ANNOUNCES ISSUANCE OF SHARES FOR SERVICES TO DAVID T. YOUNG

Royal Helium Ltd. proposes to issue an aggregate of 303,750 common shares in the capital of the corporation to David T. Young, subject to receiving final acceptance from the TSX Venture Exchange.

The shares will be issued at a deemed price of 40 cents to Mr. Young pursuant to a shares-for-services agreement dated March 20, 2023, between Mr. Young and the company, subject to TSX-V final approval. Mr. Young has provided the company with capital market, financial modelling and forecasting services as an independent contractor for the first half of 2023 ended June 30, 2023. Such common shares to be issued to Mr. Young are at a deemed price per common share permitted under applicable exchange policies. The company plans to settle any outstanding fees owed to Mr. Young by issuing common shares.

About Royal Helium Ltd.

Royal Helium 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 Helium is well positioned to be a leading North American producer of this increasingly high-value commodity.

Royal Helium's helium reservoirs are carried primarily with nitrogen. Nitrogen is not considered a greenhouse gas 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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