REG - Pulsar Helium Inc. - Definitive Agreement to Acquire Land Position

Pulsar HeliumAnnouncement

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RNS Number : 0129G  Pulsar Helium Inc.  04 November 2025

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NEWS RELEASE |NOVEMBER 4, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE MAJOR MINNESOTA LAND
POSITION TO THE WEST OF TOPAZ PROJECT

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium project development company, is pleased to
announce that it has signed a definitive agreement (the "Agreement") with
Oscillate plc ("Oscillate") to supersede the non-binding term sheet announced
on September 2, 2025, to acquire up to 100% of Oscillate's wholly owned
subsidiary, Quantum Hydrogen Inc. ("Quantum") in an all-share transaction (the
"Transaction").

Terms of the Agreement

Under the Agreement, Pulsar is to acquire 80% of the issued share capital of
Quantum (the "Quantum Shares") from Oscillate in consideration of the issuance
of new Pulsar common shares (the "Consideration Shares" and each common share
of Pulsar, a "Pulsar Share") having an aggregate value of US$400,000, and to
be issued in five equal monthly tranches of US$80,000 each over a five-month
period commencing upon receipt of TSX Venture Exchange ("TSXV")  approval to
the Transaction. The number of Consideration Shares in each tranche will be
determined by the thirty-day volume-weighted average price ("VWAP") of
Pulsar's Shares on the TSXV prior to each issuance (subject to the minimum
price allowable by the TSXV). Pulsar has also been granted the option to
acquire the remaining 20% of the Quantum Shares from Oscillate within eighteen
months for an additional US$400,000 in Pulsar Shares, issuable under the same
terms and pricing mechanism as set out above.

The Pulsar Shares to be issued in connection with the Transaction will be
subject to a four-month-and-one-day hold period from the date of issuance, and
such issuance remains subject to receipt of TSXV acceptance.

The Company also notes that Neil Herbert, a director of Pulsar, is a minority
shareholder in Oscillate, and accordingly has abstained from participating in
Pulsar's Board's deliberations and voting on the Transactions, in line with
corporate governance best practices.

Highlights of the Transaction

•             Quantum holds exclusive mineral rights for
non-hydrocarbon gases in Minnesota (59,100 gross acres) that are located in
the St. Louis and Itasca Counties (the "Assets"), to the west of Pulsar's
flagship Topaz project.

•             Circa 1,000% increase to Pulsar's gross acreage in
Minnesota, on completion of the acquisition of the Oscillate Shares.

•             Proximal and prospective for helium and hydrogen,
with geological traits analogous to the Topaz project, where recent testing at
the Jetstream #1 appraisal well confirmed strong reservoir productivity,
expected to support future production.

•             Pulsar will have the opportunity to apply Pulsar's
extensive subsurface knowledge to the Assets, which represent a more
conventional gas reservoir.

•             Pulsar remains focused on achieving its core
objective of becoming a major helium producer at Topaz, with this additional
acreage being a low-cost, long-term addition intended for future exploration
activities.

Quantum has not yet produced financial statements, however the lease option
that it owns in respect of the Assets is held on Quantum's balance sheet with
a value of approximately US$296,000.

Strategic Rationale for the Transaction

The mineral rights comprising the Assets are situated within a
non-hydrocarbon-bearing sedimentary basin that overlies Archaean crystalline
basement, the same helium source rock type as at the Topaz project. While
Topaz represents a helium discovery within fractured basement, the Assets
represent a more conventional gas reservoir: helium generated in basement
granites migrating into overlying sedimentary reservoirs sealed by mudstone
and siltstone units. Pulsar has developed a strong technical foundation in
identifying and characterising helium migration pathways, source-proximity
relationships, and structural controls through its work at Topaz. This
acquisition will allow Pulsar to leverage its experience across additional
acreage with similar helium generation potential. Pulsar's board believes this
represents a logical and low-risk way to expand its exploration portfolio,
while remaining firmly within the Company's core technical focus.

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of
the London Stock Exchange and listed on the TSX Venture Exchange with the
ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio
consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu
helium project in Greenland. Pulsar is the first mover in both locations with
primary helium occurrences not associated with the production of hydrocarbons
identified at each.

About the Topaz Project

The Topaz project is located in northern Minnesota, USA, where Pulsar is the
first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal
well reached a total depth ("TD") of 5,100 feet (1,555 meters) in January
2025, successfully penetrating the entire interpreted helium-bearing reservoir
and beyond. Drilling of the Jetstream #2 appraisal well was completed on
February 1, 2025, reaching a TD of 5,638 feet (1,718 meters). In August 2025,
the Jetstream #1 well was successfully flow-tested using a wellhead
compressor, delivering a peak gas flow rate of approximately 1.3 million cubic
feet per day with a sustained flow of 7-8% helium (as helium-4). Recent
laboratory analyses have also confirmed the presence of helium-3 in measurable
concentrations, representing one of the highest naturally occurring helium-3
values publicly reported in a terrestrial gas reservoir. The forthcoming
multi-well drilling campaign will build on these results to expand Pulsar's
understanding of the reservoir and advance Topaz toward development.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

Further Information:

Pulsar Helium Inc.

connect@pulsarhelium.com (mailto:connect@pulsarhelium.com)

+ 1 (218) 203-5301 (USA/Canada)

+44 (0) 2033 55 9889 (United Kingdom)

https://pulsarhelium.com (https://pulsarhelium.com)

https://ca.linkedin.com/company/pulsar-helium-inc
(https://ca.linkedin.com/company/pulsar-helium-inc) .

Strand Hanson Limited

(Nominated & Financial Adviser, and Joint Broker)

Ritchie Balmer / Rob Patrick / Richard Johnson

+44 (0) 207 409 3494

OAK Securities*

(Joint Broker)

Richard McGlashan / Mungo Sheehan

+44 7879 646641 / +44 7788 266844

richard.mcglashan@oak-securities.com
(mailto:richard.mcglashan@oak-securities.com) /
mungo.sheehan@oak-securities.com (mailto:mungo.sheehan@oak-securities.com)

*OAK Securities is the trading name of Merlin Partners LLP, a firm
incorporated in the United Kingdom and regulated by the UK Financial Conduct
Authority.

Yellow Jersey PR Limited

(Financial PR)

Charles Goodwin / Annabelle Wills

+44 777 5194 357

pulsarhelium@yellowjerseypr.com (mailto:pulsarhelium@yellowjerseypr.com)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking information within the meaning of
Canadian securities legislation (collectively, "forward-looking statements")
that relate to the Company's current expectations and views of future events.
Any statements that express, or involve discussions as to, expectations,
beliefs, plans, objectives, assumptions or future events or performance
(often, but not always, through the use of words or phrases such as "will
likely result", "are expected to", "expects", "will continue", "is
anticipated", "anticipates", "believes", "estimated", "intends", "plans",
"forecast", "projection", "strategy", "objective" and "outlook") are not
historical facts and may be forward-looking statements. Forward-looking
statements herein include, but are not limited to, statements relating to the
anticipated impact from the acquisition of the Oscillate Shares and the
Assets, including that the Assets represent a more conventional gas reservoir;
the potential impact of the recently announced drill results, flow testing and
pressure testing at the Jetstream #1 appraisal well on supporting future
production; the potential of helium-3 being present in economic quantities and
being recoverable, and the potential for future wells. Forward-looking
statements may involve estimates and are based upon assumptions made by
management of the Company, including, but not limited to, the Company's
capital cost estimates, management's expectations regarding the availability
of capital to fund the Company's future capital and operating requirements and
the ability to obtain all requisite regulatory approvals, including the
receipt of TSXV approval to the Transaction.

No reserves have been assigned in connection with the Company's property
interests to date, given their early stage of development. The future value of
the Company is therefore dependent on the success or otherwise of its
activities, which are principally directed toward the future exploration,
appraisal and development of its assets, and potential acquisition of property
interests in the future. Un-risked Contingent and Prospective Helium Volumes
have been defined at the Topaz Project. However, estimating helium volumes is
subject to significant uncertainties associated with technical data and the
interpretation of that data, future commodity prices, and development and
operating costs. There can be no guarantee that the Company will successfully
convert its helium volume to reserves and produce that estimated volume.
Estimates may alter significantly or become more uncertain when new
information becomes available due to for example, additional drilling or
production tests over the life of field. As estimates change, development and
production plans may also vary. Downward revision of helium volume estimates
may adversely affect the Company's operational or financial performance.

Helium volume estimates are expressions of judgement based on knowledge,
experience and industry practice. These estimates are imprecise and depend to
some extent on interpretations, which may ultimately prove to be inaccurate
and require adjustment or, even if valid when originally calculated, may alter
significantly when new information or techniques become available. As further
information becomes available through additional drilling and analysis the
estimates are likely to change. Any adjustments to volume could affect the
Company's exploration and development plans which may, in turn, affect the
Company's performance. The process of estimating helium resources is complex
and requires significant decisions and assumptions to be made in evaluating
the reliability of available geological, geophysical, engineering, and
economic date for each property. Different engineers may make different
estimates of resources, cash flows, or other variables based on the same
available data.

Forward-looking statements are subject to a number of risks and uncertainties,
many of which are beyond the Company's control, which could cause actual
results and events to differ materially from those that are disclosed in or
implied by such forward- looking statements. Such risks and uncertainties
include, but are not limited to, that Pulsar may be unsuccessful in completing
in drilling commercially productive wells; the uncertainty of resource
estimation; operational risks in conducting exploration, including that drill
costs may be higher than estimates ; commodity prices; health, safety and
environmental factors; and other factors set forth above as well as risk
factors included in the Company's Annual Information Form dated July 31, 2025
for the year ended September 30, 2024 found under Company's profile on
www.sedarplus.ca (http://www.sedarplus.ca) .

Forward-looking statements contained in this news release are as of the date
of this news release, and the Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. New factors
emerge from time to time, and it is not possible for the Company to predict
all of them or assess the impact of each such factor or the extent to which
any factor, or combination of factors, may cause results to differ materially
from those contained in any forward-looking statement. No assurance can be
given that the forward-looking statements herein will prove to be correct and,
accordingly, investors should not place undue reliance on forward-looking
statements. Any forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary statement.

 

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