Mr. Greg Robb reports

HELIUM EVOLUTION PROVIDES WELL RESULTS AND ANNOUNCES PARTNER TO DRILL ADDITIONAL JOINT WELL

Helium Evolution Inc. has provided an update on its exploration activities, including the results of its recent joint well and plans for future drilling.

The joint well drilled at 7-2-4-9W3M (7-2 well), in which Helium holds a 20-per-cent working interest alongside its partner, North American Helium Inc. (NAH), has reached total depth. Following a thorough evaluation, the decision was made to suspend the cased hole portion of the well, which allows for flexibility to re-enter the well at a later date to explore additional targets via a sidetrack.

Looking ahead, NAH has notified the company of its intention to drill another joint well in the Mankota area, to be located at 10-1-4-9W3M (10-1 well). The 10-1 well is anticipated to spudded in the coming days. This initiative is part of the previously announced development plan for up to nine wells in the Mankota area, detailed on April 2, 2024.

Helium is pleased to confirm its participation in the drilling of the 10-1 well, with the company holding a 20-per-cent working interest. The estimated total cost for Helium's share in the 10-1 well is approximately $400,000 net and is supported by Helium's strong working capital position, which totaled $4.7-million as of June 30, 2024. This continued investment in the Mankota area underscores Helium's commitment to expanding its footprint in a promising sector.

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 an updated 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.

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 over five 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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