REG - Pulsar Helium Inc. - Pulsar Announces Deepening of Jetream #1

Pulsar HeliumAnnouncement

13/01/2025 07:00

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RNS Number : 0533T  Pulsar Helium Inc.  13 January 2025

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NEWS RELEASE | JANUARY 13, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES SUCCESSFUL COMPLETION OF DEEPENING OF THE JETSTREAM #1
APPRAISAL WELL, TOPAZ PROJECT, MINNESOTA, USA

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium project development company, is pleased to
announce the successful completion of the deepening operation for the
Jetstream #1 appraisal well, that previously flowed up to 14.5% helium
concentration, at its flagship Topaz Project in Minnesota, USA. The drilling
operation reached Total Depth (TD) of 5,100 feet (1,555 metres) on January
11(th), 2025, successfully penetrating the entire interpreted helium-bearing
reservoir and beyond.

Key Achievements

 * Successful Deepening: Jetstream #1 reached its target depth of 5,100 feet on
January 11(th), 2025.

 * Expanded Reservoir: Initial data supports the Company's interpreted larger
helium-bearing reservoir zone with multiple helium zones encountered
throughout the deepening operation from 2,200 feet to 5,100 feet.

 * Promising Helium Readings: Mud log gas levels containing up to 7.24% helium
were encountered during drilling. These samples are diluted by atmospheric air
due to the rotary air drilling method used and unaffected samples for
laboratory analysis will be acquired in due course.

 * Comprehensive Data Collection: Down-hole wireline logging data was acquired
over January 11(th)-12(th), this data will be integrated with additional
downhole data that will be acquired over the coming weeks.

 * Next Steps: Additional data collection, including optical televiewer,
pressure, and flow testing, will be conducted after the completion of drilling
of Jetstream #2.

 * Jetstream #2 Preparation: The drill rig is now moving onto the Jetstream #2
pad, with spudding anticipated around January 17(th), 2025.

Thomas Abraham-James, President & CEO of Pulsar Helium, commented on the
drilling:

"The deepening of the Jetstream #1 well has been a resounding success,
exceeding our expectations and reinforcing our confidence in the Topaz
Project's potential. The expanded reservoir height and encouraging helium
readings are testament to the quality of our geological model and the
expertise of our team. As we move forward with Jetstream #2 and additional
testing, we are increasingly optimistic about the project's ability to
contribute significantly to the global helium supply chain. This success not
only validates our exploration strategy but also positions Pulsar Helium as a
key player in addressing the critical demand for helium in various high-tech
industries."

Expanded Reservoir Potential

The deepening operation has revealed promising indications of an expanded
helium-bearing reservoir. Multiple helium-bearing zones have been identified
in the interpreted geophysical anomaly over the interval from 1,750 - 5,100
feet, representing a significant potential increase in reservoir height over
previous estimates. The increased reservoir thickness potentially enhances the
project's resource potential and underscores the value of the Topaz Project.

Ongoing Analysis and Testing

Pulsar Helium is currently conducting a thorough analysis of the down-hole
wireline logging data collected from Jetstream #1. Additional testing,
including optical televiewer and pressure/flow assessments will be gathered
after completion of the drilling of Jetstream #2, scheduled for early March,
and will further refine the Company's understanding of the reservoir's
properties and production potential.

Looking Ahead: Jetstream #2

Building on the success of Jetstream #1, Pulsar Helium is preparing to
commence drilling operations for the step-out well, Jetstream #2. This well is
scheduled to spud on or around January 17(th), 2025, and is planned to reach a
depth of at least 5,000 feet. Jetstream #2 will play a crucial role in
delineating the characteristics of the helium-bearing reservoir and further
validating the project's potential.

Strategic Significance

The Jetstream #1 appraisal well previously reached total depth (TD) of 2,200
feet (671 metres) on February 27(th), 2024, identifying top-tier helium
concentrations of up to 14.5%, well above the 0.3% widely accepted economic
threshold, and CO(2) concentrations exceeding 70% - with the latter expected
to further contribute to the project economics. The deepening of Jetstream #1
is a pivotal step in advancing Pulsar's strategy to address the increasing
global demand for helium as the Company moves another step closer to
production. The deepening of Jetstream #1 will target the full height of the
helium reservoir, guided by insights from recently acquired geophysical data,
previous drilling data, and onsite testing.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States.  The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

Further Information:

Pulsar Helium Inc.

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

+ 1 (218) 203-5301

+44 (0) 2033 55 9889

Strand Hanson Limited

(Nominated & Financial Adviser, and Joint Broker)

Ritchie Balmer / Rob Patrick / Richard Johnson

+44 (0) 207 409 3494

OAK Securities*

(Joint Broker)

Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon
Anadkat (Corporate Advisory)

info@OAK-securities.com (mailto:info@OAK-securities.com)

+44 203 973 3678

BlytheRay Ltd

(Financial PR)

Megan Ray / Said Izagaren

+44 207 138 3204
 

pulsarhelium@blytheray.com (mailto:pulsarhelium@blytheray.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 listed on the AIM market of
the London Stock Exchange and 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.

For further information visit:

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

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

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

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 and the interview 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 potential impact of deepening Jetstream #1 and the
potential impact of such deepening on the next iteration of the resource
estimate; the expected timing to commence drilling; 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 deepening
the Jetstream #1, in drilling commercially productive wells; the uncertainty
of resource estimation; operational risks in conducting exploration, including
that drill costs may be higher than estimates and the potential for

delays in the commencement of drilling; commodity prices; health, safety and
environmental factors; and other factors set forth above as well as under
"Cautionary Note Regarding Forward Looking Statements and Market and Industry
Data" and "Risk Factors" in the AIM Admission Document published on October
14th, 2024, found on the Company's web site at
https://pulsarhelium.com/investors/aim-rule-26/default.aspx
(https://pulsarhelium.com/investors/aim-rule-26/default.aspx) .

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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