Mr. Malcolm Adams reports

HELIUM EVOLUTION ANNOUNCES $25 MILLION FINANCING ANCHORED BY LEADING INTERNATIONAL INVESTORS

Helium Evolution Inc. has arranged a private placement for aggregate gross proceeds of approximately $25-million. New international investors have agreed to subscribe for an aggregate of $23.7-million, joining the shareholder register alongside participation from insiders and other investors.

Helium Evolution's remarks

"We are extremely pleased to welcome the new investors to our shareholder base," said Malcolm Adams, chief executive officer of Helium Evolution. "Their investment reflects their confidence in our strategy, our team and the opportunities we see across our land base. Combined with our recent reduction in annual land tenure costs and our upcoming 3-D seismic results in the Mankota/Grasslands core area, we believe this financing provides the financial strength to accelerate exploration and development across our extensive land position while maintaining significant flexibility to pursue additional growth opportunities."

Financing details

The financing will consist of the issuance of approximately 166.7 million units at a price of 15 cents per unit. The company has allocated up to 8,736,667 units for subscriptions by insiders of the company and other investors, representing potential additional gross proceeds to the company of $1.3-million.

The financing is expected to close on or about Aug. 5, 2026, subject to customary closing conditions, including the requisite approvals by the TSX Venture Exchange.

The net proceeds from the financing are expected to be used to accelerate exploration and development activities across the company's Saskatchewan helium assets, to advance future drilling and infrastructure initiatives, and for general corporate purposes.

Terms of the units

Each unit will comprise one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of 30 cents for a period of three years from the closing date. The warrants will be subject to an acceleration feature if the volume-weighted average trading price equals or exceeds 50 cents per common share for 30 consecutive trading days whereby the company may accelerate the expiry date of the warrants. The warrants will include a warrant blocker clause providing that no exercise of warrants will be permitted if such exercise would result in the need to obtain shareholder approval for the creation of a new control person pursuant to the policies of the TSX-V.

The unit shares, warrants and warrant shares will be subject to a four-month hold period from the closing date, in accordance with applicable securities laws.

Finders' fees

Auctus Advisors LLP will receive finders' fees and finder warrants with respect to subscriptions from certain investors subject to the approval of the TSX-V.

Each finder warrant will entitle the holder to acquire one common share of the company at an exercise price of 30 cents per common share for a period of three years from the closing date and will be subject to an acceleration feature if the volume-weighted trading price equals or exceeds 50 cents per common share for 30 consecutive trading days, whereby the company may accelerate the expiry date of the finder warrants.

Operations update

The company is also pleased to confirm that the government of Saskatchewan has reset over five million acres of Helium Evolution's Crown helium lands under new six-year terms at annual rental rates ranging between two cents and 10 cents per acre, as announced on June 29, 2026. This reduction in land carrying costs, together with the financing, will allow the company to allocate capital toward higher-impact helium exploration and development activities, expected to continue in the fourth quarter of 2026.

About Helium Evolution Inc.

Helium Evolution is a Canadian-based helium exploration company 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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