Mr. Greg Robb reports

HELIUM EVOLUTION SPUDS WELL ALONG THE MANKOTA HELIUM FAIRWAY

In partnership with the operator, North American Helium Inc., Helium Evolution Inc. has spudded the 10-36-3-9W3 well along the Mankota helium fairway.

The 10-36 well is an offset well to Helium Evolution's recent helium discovery wells at 10-1-4-9W3 and 9-35-3-9W3, both of which demonstrated significant helium potential. Helium Evolution holds a 20-per-cent working interest in the 10-36 well, the 10-1 well and the 9-35 well.

In addition, Helium Evolution is pleased to confirm its participation in the following coming wells within the Mankota helium fairway:

• 5-30-3-8W3, anticipated to spud on or around Jan. 20, 2025;
• 3-19-3-8W3, anticipated to spud on or around Feb. 7, 2025.

The spudding of the 10-36 well is an important step in the company's continuing efforts to develop its helium assets in the highly prospective Mankota area. With multiple high-potential drilling opportunities under way, Helium Evolution is well positioned for continued growth in helium exploration and production.

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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