Mr. Greg Robb reports

HELIUM EVOLUTION ANNOUNCES FILING OF Q1-2024 FINANCIAL RESULTS

Helium Evolution Inc. has filed the company's interim condensed financial statements and associated management's discussion and analysis for the three months ended March 31, 2024.

Complete details of the first quarter report are available on SEDAR+ and on Helium Evolution's website.

During the three months ended March 31, 2024, Helium Evolution continued to execute on its focused strategy of developing the company's 5.6 million acres of helium rights in Southern Saskatchewan. With three recent helium discoveries and a six- to nine-well drilling program as announced on April 2, 2024, Helium Evolution has made considerable progress on its ultimate goal of producing and selling helium, generating cash flow, and driving positive returns for shareholders. Helium Evolution has remained committed to maintaining continuing financial flexibility, demonstrated by a positive working capital position of $5.0-million at March 31, 2024, excluding $800,000 of tubing and casing that were prepurchased and not utilized.

Helium Evolution wishes to thank all shareholders and stakeholders for their continued support, and as always, Helium Evolution is committed to updating the market on significant events and developments as information becomes available.

Stay connected to Helium Evolution

Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the company's website, which includes the company's current corporate presentation, and are invited to follow the company on LinkedIn and X for continuing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned, deep-dive research report prepared by a third party, whose background includes serving as a research analyst for several bank-owned and independent investment dealers. In addition to recent media articles, Helium Evolution maintains a profile on the Investing News Network platform, where further information, editorial pieces and industry reviews are available.

About Helium Evolution Inc.

Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly traded companies, focused on developing assets in Southern Saskatchewan. The company has 5.6 million acres of land under permit near proven discoveries of economic helium concentrations, which will support scaling the exploration and development efforts across its land base. Helium Evolution's management and board are executing a differentiated strategy to become a leading supplier of sustainably produced helium for the growing global helium market.

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