REG - Pulsar Helium Inc. - Mobilizes Drill Rig and Ancillary Equipment Topaz

Pulsar HeliumAnnouncement

14/10/2025 07:00

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RNS Number : 1608D  Pulsar Helium Inc.  14 October 2025

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NEWS RELEASE | OCTOBER 14, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM MOBILIZES DRILL RIG AND ANCILLARY EQUIPMENT TO SITE AT TOPAZ
PROJECT, MINNESOTA, USA

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium exploration and development company, is pleased
to announce that the drill rig and supporting equipment has been mobilized and
is due to arrive at the Company's flagship Topaz Project in Minnesota, USA
this Wednesday. Up to ten additional wells are to be drilled, with the
campaign designed to further define the geometry, extent, and productivity of
the helium-bearing reservoir identified in previous drilling and flow-testing
campaigns.

Drilling of the first well, Jetstream #3, is anticipated to commence later
this week. Pulsar personnel, including the Company's President & CEO,
Chief Financial Officer, and Operations Manager, are on site overseeing final
preparations.

The program will comprise up to ten wells targeting helium-bearing zones at
depths between 1,500 to 3,900 feet (~450 to 1,200 metres). Drill depths will
be refined based on geological modelling to ensure complete penetration of the
reservoir at each location. Operations will run on a continuous 24-hour basis
using rotating crews to maximize efficiency and minimize downtime.

Data collected throughout the campaign, including gas shows, core samples, and
downhole measurements, will be analyzed in real time. These results will
enable Pulsar to refine its reservoir model, confirm continuity between well
locations, and identify optimal sites for future production infrastructure.

Thomas Abraham-James, President & CEO of Pulsar, commented:

"The mobilization of the drill rig signals the start of an exciting new phase
at Topaz. Building on the strong results from Jetstream #1 and #2, this next
program is critical in confirming the scale of Minnesota's helium potential.
Each well will bring us closer to quantifying the resource, advancing Topaz
toward commercial development, and reinforcing Pulsar's role in strengthening
U.S. helium supply chains."

About the Rig

The wells will be drilled by Timberline Drilling Inc., using a Christensen
CT20 that has a drilling depth capacity of 8,000 feet (2,435 meters). The
Christensen CT20 is safe, ergonomic and environmentally friendly. The rig is
an ideal choice for surface core drilling anywhere in the world. Available
with truck or crawler mounted versions, the Christensen CT20 can easily be
transported and maneuvered.

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) .

Yellow Jersey PR Limited

(Financial PR)

Charles Goodwin / Annabelle Wills

+44 777 5194 357

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

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.

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.

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.

Qualified Person Signoff

In accordance with the AIM Note for Mining and Oil and Gas Companies, the
Company discloses that Thomas Abraham-James, President, CEO and Director of
the Company has reviewed the technical information contained herein. Mr.
Abraham-James has approximately 20 years in the mineral exploration industry,
is a Chartered Professional Fellow of the Australasian Institute of Mining and
Metallurgy (FAusIMM CP (Geo)), a Fellow of the Society of Economic Geologists
and a Fellow of the Geological Society of London.

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
statements regarding bringing the Topaz project to production, anticipated
full plant construction contract in 2026, final investment decision being made
in 2026, the potential impact of the drill results, flow testing and pressure
testing on the next iteration of the resource estimate; the potential of CO2
as a valuable by-product of the Company's future helium production; 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.

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 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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