Mr. Andrew Davidson reports

ROYAL HELIUM REPORTS THAT FINAL ASSEMBLY AND COMMISSIONING OF THE STEVEVILLE HELIUM PROCESSING PLANT IS UNDERWAY

All of the component modules for Royal Helium Ltd.'s Steveville helium processing facility are now on site and both the 12-12 and 10-22 helium wells are tied in. The mechanical, electrical and instrumentation contractors have been on site since mid-June, installing and tying in components as they arrived and, with the final two components arriving last week, are entering the final assembly phase and preliminary commissioning. Further updates will be provided once the plant is fully commissioned and processing gas.

Andrew Davidson, president and chief executive officer of Royal, stated: "We are exceptionally pleased with the progress on the completion of the Steveville helium plant as it brings us one step closer to being the first Canadian public helium producer. Having the full facility on site is a major milestone and is a definitive message to all stakeholders and shareholders that this new industry in the Brooks region is now here and is only the beginning for Alberta's helium future. Plant operations personnel and services have been organized as we complete the final installation over the coming weeks, concurrent with commissioning, to be followed by full-scale production."

The Steveville plant is designed to process 15 million cubic feet per day of raw gas fed by the two 100-per-cent-owned helium wells at Steveville, Alta., and produce 22 million cubic feet of 99.999 per cent helium per year. The engineered life of the plant is 25 years while both wells are expected to remain on stream for a minimum of nine years. The plant will also produce enough fuel gas to power the plant and up to 22 million pounds of commercial CO2 (carbon dioxide), which provides for a potentially significant secondary cash flow stream to Royal.

About Royal Helium Ltd.

Royal is an exploration, production and infrastructure company with a primary focus on the development and production of helium and associated gases. 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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