Mr. Andrew Davidson reports

ROYAL HELIUM SUCCESSFULLY COMPLETES FACILITY COMMISSIONING AND ANNOUNCES THE START-UP OF THE STEVEVILLE HELIUM PURIFICATION FACILITY

Royal Helium Ltd. has completed commissioning of its Steveville helium purification facility and has commenced the start-up of the facility located in southeastern Alberta near the town of Brooks.

"This is a pivotal moment for Royal Helium and all its stakeholders," said Andrew Davidson, president and chief executive officer of Royal. "Only a few short years after we first began drilling our helium wells and 12 months of design, fabrication and construction of the Steveville plant, we are now pleased to announce start-up following the successful completion of the assembly and commissioning phases. Following a successful start-up, Royal will begin ramping up towards full commercial production, making Royal the first publicly listed helium producer operating in Canada."

The Steveville plant is engineered to process 15 million cubic feet per day of raw gas fed by two of the 100-per-cent-owned helium wells at Steveville with an output capacity of approximately 22,000 mcf of 99.999 per cent helium per year. The production capacity of this facility fully delivers on the three-year purchase commitments from Royal's two offtake partner agreements in the major North American aerospace and space launch industries at an average price of $538 (U.S.) per mcf (thousand cubic feet) helium ($730/mcf). Of economic significance, the facility at Steveville has an ultralow operating cost due to it being self-powered by fuel gas co-produced from the two helium wells.

About the Steveville helium purification plant

Royal's 100-per-cent-owned, state-of-the-art purification facility was purpose built to recover 99.999 per cent helium while setting the highest standards for environmental efficiencies and producing an exceptionally low carbon footprint. Substantially all of the gas purified at the facility is inert and can be captured in purified form at the facility, providing additional potential cash flow streams. Until the biproduct gases are captured and sold, they are vented with virtually zero impact to the environment, given the gas's completely inert nature. The limited ancillary methane gas produced is recycled back into the facility to power its own operations, with the ability to generate excess power which will be distributed back into the electrical grid, providing additional economics to Royal.

The Steveville plant will materially benefit from carbon credits, generated under the Technology Innovation and Emissions Reduction system in Alberta. As these carbon credits are monetized it will have the ability to provide Royal shareholders with a material additional cash flow stream.

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.

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