REG - Pulsar Helium Inc. - Pulsar Appoints Ranzini to Board & PDMR Dealings

Pulsar HeliumAnnouncement

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RNS Number : 8709W  Pulsar Helium Inc.  17 March 2026

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NEWS RELEASE |MARCH 17, 2026 | CASCAIS, PORTUGAL

PULSAR HELIUM APPOINTS STEPHEN LANGE RANZINI TO THE BOARD OF DIRECTORS AND AS
DEPUTY CHAIR AND PDMR DEALINGS

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a primary helium company, is pleased to announce the appointment
of Stephen Lange Ranzini to its Board of Directors as Deputy Chair, effective
March 16, 2026.

Mr. Ranzini is the President & CEO of University Bancorp, Inc. (OTCQB:
UNIB) ("UNIB") and its wholly owned subsidiary, University Bank in Ann Arbor,
Michigan, a position he has held since 1988 following the acquisition of the
bank by UNIB. Under his leadership, the institution has expanded from a
single-office community bank into a diversified financial services
organization offering a range of banking, lending, insurance and asset
management services.

Mr. Ranzini has over four decades of experience in financial services and
corporate governance. Throughout his career, he has served on numerous
corporate, industry and non-profit boards, including leadership roles as chair
or vice-chair of several organizations. His experience also includes venture
investment, international trade finance, asset backed lending, foreign
exchange and economic development.  UNIB currently has a total of over $36
billion in Assets Under Management for over 185,000 customers across the U.S.

Mr. Ranzini will serve as Deputy Chair of the Board and will also participate
on certain Board committees, to be determined.

Neil Herbert, Chair of Pulsar, commented:

"We are delighted to welcome Stephen Lange Ranzini to Pulsar Helium as
Non-Executive Deputy Chairman. Stephen brings deep U.S. financial market
expertise, extensive institutional relationships, and a highly accomplished
leadership record. As CEO of University Bank, he has overseen its development
into one of the top-performing banks in the United States, demonstrating a
consistent ability to build resilient institutions and create long-term
shareholder value.

Stephen's appointment represents an important strengthening of Pulsar's senior
leadership in the United States as we continue to build out a top-tier
American leadership bench to support the development of our projects and
capital markets profile. His experience at the highest levels of the U.S.
financial system, including his appointment by the Federal Reserve to its
Secure Payments Steering Committee and long-standing role within the Federal
Reserve's Remittance Coalition, reflects the caliber of insight and network he
brings to the Company.

Stephen's strategic perspective and experience across banking, capital markets
and financial infrastructure will provide valuable guidance as Pulsar
continues advancing its assets and positioning the Company to deliver
long-term value for shareholders."

Stephen Lange Ranzini, Deputy Chair of Pulsar, commented:

"I am pleased to join the Board of Pulsar, which has discovered a significant
occurrence of Helium-4 and Helium-3 in Minnesota's Iron Range (see Company's
press release dated October 1, 2025
(https://s203.q4cdn.com/212931576/files/doc_downloads/2025/09/pulsar-helium-announces-helium-3-discovery-at.pdf)
). Qatar accounts for approximately a third of global helium production
(https://www.reuters.com/business/energy/helium-prices-soar-qatar-lng-halt-exposes-fragile-supply-chain-2026-03-12/)
, with exports reliant on shipping routes through the Strait of Hormuz.
Ongoing hostilities in the region have highlighted the vulnerability of global
helium supply chains. In this context, I believe that assisting Pulsar to
complete the exploration program at its Topaz Project to quantify the size of
the discovery and preparations for potential development of the Topaz Project
into production as quickly as possible is now a national economic and national
security imperative. Because of this, I have decided to add my effort to
advise Pulsar's very qualified team of experts to try to accelerate their
work."

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

"We are very pleased to welcome Stephen to the Pulsar Board as Deputy Chair.
UNIB has already demonstrated strong support for Pulsar, holding approximately
4.99% of the Company's issued share capital, providing a US$4 million line of
credit to support development activities at our Topaz project, and expressing
its intention to potentially finance up to US$12.5 million for a helium
processing facility. Stephen's appointment further strengthens Pulsar's
positioning in the United States, where our flagship Topaz helium project is
located, and we look forward to benefiting from his extensive financial
services and governance experience as we advance the project."

PDMR Transaction Notification

In accordance with Article 19 of the UK Market Abuse Regulation, Thomas
Abraham-James, President, CEO and Director of Pulsar Helium Inc., notifies
that on March 16, 2026, he sold 1,452,538 common shares of the Company (ISIN:
CA7459321039) ("Common Shares") off-market to University Bancorp, Inc. (OTCQB:
UNIB), represented by Stephen Lange Ranzini. The transaction was effected to
restore UNIB's holding to approximately 4.99% of the Company's issued share
capital, following dilution of its position as a result of the Company's
fundraise completed on February 27, 2026. The consideration comprises a first
payment of US$1.00 per share (US$1,452,538 in aggregate) payable on the
transaction date, and a deferred second payment of up to US$0.35 per share
(maximum US$508,388) payable in September 2026, linked to the 20-day VWAP of
the Common Shares on the TSX Venture Exchange as at 15 September 2026. Maximum
aggregate consideration is US$1.35 per share (US$1,960,926 in aggregate).
Following this transaction, Thomas Abraham-James retains beneficial ownership
of 10,881,916 Common Shares, representing approximately 6.0% of the Company's
issued share capital. A further notification will be made following
determination of the Second Payment in September 2026.

The PDMR notification form below sets additional information.

Further information on Stephen Ranzini's appointment

Stephen Lange Ranzini (aged 60) holds, or has held, the following
directorships or partnerships within the past five years:

 Current directorships/partnerships                      Past directorships/partnerships in the last five years
 University Bancorp Inc                                  Orpheus Capital, LP
 University Bank                                         Hoover, LLC
 Michigan Business & Industrial Development Company      Crescent Corporate, Inc
 Hyrex Servicing, LLC                                    University Lending Group LLC
 Hyrex Servicing Holding Company, LLC                    Tuomy, LLC
 Northern Michigan Foundation
 West Pier Corporation
 Jove Corporation
 ASC X9 Inc
 UIF Corporation
 UIF Trust LLC
 Lyre LLC
 2621 Carpenter Road, LLC
 Ann Arbor Insurance Centre, Inc
 Credit Union Trust
 Crescent Assurance PCC
 2460 Washtenaw Avenue LLC
 2015 Washtenaw Avenue LLC
 University Home Loan, LLC

Mr. Ranzini was a director of Crescent Corporate Services Ltd from March 2007
to March 2016 and served as Chairman from July 2010 to March 2016. In August
2013, an examiner was appointed to assess the company's financial position,
and in February 2016 liquidators were appointed. Crescent Corporate Services
Ltd was subsequently dissolved in 2022. Whilst no official records could be
identified, Mr. Ranzini understands that there was shortfall to creditors of
less than US$100,000.

Mr. Ranzini, together with his wife and children, holds a direct interest in
260,097 Common Shares. Mr. Ranzini also has indirect interests in Pulsar
through University Bancorp Inc., and Jove Corporation. Mr. Ranzini has a
beneficial interest of 18.18% (with voting control over 35.16%) in University
Bancorp Inc., which will be interested in 9,035,435 Common Shares,
representing 4.99% of Pulsar's share capital on completion of the share
purchase detailed in this announcement. Mr. Ranzini holds a 43% interest in
Jove Corporation, which is interested in 230,300 Common Shares, representing
0.13% of Pulsar's share capital. Additionally, Mr. Ranzini has investment
authority, but no beneficial ownership or voting rights control, over
1,648,000 Common Shares, representing 0.91% of Pulsar's share capital, held by
Rory Ballard.

Save as disclosed above, there are no further disclosures to be made in
accordance with Rule 17 and Schedule Two (g) of the AIM Rules for Companies in
respect of the appointment of Stephen Ranzini.

On behalf of 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 Broker)

Ritchie Balmer / Rob Patrick

+44 (0) 207 409 3494

Yellow Jersey PR Limited

(Financial PR)

Charles Goodwin / Annabelle Wills

+44 777 5194 357

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

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of
the London Stock Exchange (United Kingdom) and listed on the TSX Venture
Exchange with the ticker PLSR (Canada), as well as on the OTCQB with the
ticker PSRHF (United States of America). 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.

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
expected results of exploration and potential development of Helium-4 and
Helium-3 at the Company's projects and results of operations. 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 exploration, 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 data 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 February 3, 2026, for the year
ended September 30, 2025, 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.

PDMR Notification Form:

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.    Thomas Abraham-James

                                                                  2.    Stephen Ranzini
 2.  Reason for the Notification
 a)  Position/status                                              1.    Director

                                                                  2.    Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Pulsar Helium Inc.
 b)  LEI                                                          254900ZCNH1VXNBQY881
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Common Shares of no par value
     Identification code                                          CA7459321039
 b)  Nature of the Transaction                                    Sale and purchase or Common Shares
 c)  Price(s) and volume(s)                                       Price(s)                                                                   Volume(s)
                                                                  Up to US$1.35 per share (see above under "PDMR Transaction Notification")  1,452,538
 d)  Aggregated information                                       N/A (single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      March 16, 2026
 f)  Place of the transaction                                     N/A, off-market

d)

Aggregated information

Aggregated volume Price

N/A (single transaction)

e)

Date of the transaction

March 16, 2026

f)

Place of the transaction

N/A, off-market

 

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