Mr. Greg Robb reports

HELIUM EVOLUTION PROVIDES OPERATIONS UPDATE ON MANKOTA HELIUM FAIRWAY

Helium Evolution Inc. has made significant progress on its continuing helium exploration activities along the Mankota helium fairway.

Operational update

Helium Evolution is excited to announce that its partner, North American Helium Inc. (NAH), has successfully completed drilling operations at the joint well at 5-30-3-8W3 and completion operations are now under way. NAH will complete, test and evaluate the 5-30 well in the coming weeks to confirm the presence of helium and evaluate commerciality of the potential helium discovery.

Furthermore, the drilling rig has moved to the 3-19-3-8W3 location. Helium Evolution has confirmed its 20-per-cent participation in the 3-19 well, with Helium Evolution's share of the drilling costs expected to be approximately $400,000.

Additionally, Helium Evolution reports that the drilling of the 12-29-2-8W3 has been completed. The drilling rig has been released and NAH has moved in a completion rig to complete and perforate the 12-29 well to confirm the presence of helium. Operations on the 12-29 well must cease by Feb. 22, 2025, due to environmental restrictions in the area.

"We are extremely pleased with the progress of our operations along the Mankota helium fairway, which holds considerable promise," said Greg Robb, president and chief executive officer of Helium Evolution. "We are committed to advancing our development efforts and believe the results from the 5-30 well are critical to moving towards our ultimate goal of helium production. We will continue to work closely with our partner, NAH, to drive forward our strategy for long-term growth."

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 that 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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