Mr. Thomas Abraham-James reports

PULSAR HELIUM AWARDS SECURITY BASED COMPENSATION

On April 25, 2026, the board of directors of Pulsar Helium Inc. awarded security-based compensation awards designed to provide the key members of the Pulsar team with an incentive to participate in the future success of the company.

The board awarded:

• A total of 5.4 million stock options were granted to officers, directors and consultants of the company. The stock options are granted pursuant to the company's stock option plan and grant the optionee the right to purchase one common share at a purchase price of $1.60 per share for a period of five years from the date of grant. The stock options granted to the board of the company are to vest immediately, and the stock options awarded to officers and consultants of the company are to vest as to 25 per cent immediately, and 25 per cent each year thereafter.
• A total of 850,000 performance share units (PSUs) were awarded to officers of the company, under the company's equity incentive plan. The PSUs vest as to one-third each on the first, second and third anniversaries of the award date.
• A total of 1.05 million restricted share units (RSUs) were awarded to an officer of the company, under the company's equity incentive plan. The RSUs vest as to one-third each on the first, second and third anniversaries of the award date.

The stock option grant and PSU and RSU awards are pursuant to the company's shareholder approved stock option plan and equity incentive plan, which conform to the policies of the TSX Venture Exchange.