Mr. Greg Robb reports

HELIUM EVOLUTION CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Helium Evolution Inc. has closed the first tranche of the strategic private placement announced on March 10, 2025.

Pursuant to the strategic private placement, Helium Evolution issued 7.04 million units for gross proceeds of $1.2-million. Each unit will comprise one common share of the company and one-half common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of 27 cents for a period of one year from the closing date of March 17, 2025, with an acceleration feature if the closing price over a 30-day period remains at or above 51 cents per common share at any time following the six-month anniversary of the closing date.

The remainder of the strategic private placement is expected to close on or around March 31, 2025, subject to requisite approvals by the TSX Venture Exchange.

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.

We seek Safe Harbor.