REG - Pulsar Helium Inc. - Reports Jetstream 1 Flowing Over 1.3 M Cubic Feet

Pulsar HeliumAnnouncement

26/08/2025 07:00

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RNS Number : 6473W  Pulsar Helium Inc.  26 August 2025

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NEWS RELEASE | AUGUST 26, 2025 | CASCAIS, PORTUGAL

OPERATIONAL UPDATE

PULSAR HELIUM REPORTS JETSTREAM #1 FLOWING OVER 1.3 MILLION CUBIC FEET PER DAY

AND LAUNCHES MULTI-WELL DRILLING PROGRAM AT TOPAZ

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium project development company, is pleased to
provide the following operational update on its flagship Topaz helium project
in Minnesota, USA. The Company has executed a drilling contract and Master
Services Agreement ("MSA") with Timberline Drilling Inc. to drill up to ten
wells, with drilling expected to commence in late September. Pulsar is also
reporting results from recent flow testing of its Jetstream #1 and Jetstream
#2 appraisal wells, that includes Jetstream #1 flowing over 1.3 million cubic
feet per day under well-head compression.

Highlights:

•       Jetstream #1, high flow under compression: The Jetstream #1 well
was flow-tested using a wellhead compressor, which resulted in a peak gas flow
rate of approximately 1.3 million cubic feet per day (MMcf/d). The well
produced dry gas with no formation water, confirming a clean, helium-bearing
gas stream. This successful test under compression provides critical data on
the well's maximum deliverability for use in production facility design.

•            Drilling contract secured: Pulsar has signed a master
services agreements ("MSA") with Timberline Drilling Inc. to undertake a
multi-well core drilling program at the Topaz project. The contract covers
drilling of up to ten wells, targeting helium-bearing zones at depths up to
~3,937 feet (~1,200 meters). Drill depths will be guided by geological
modeling and consistent with expectations for intersecting helium-rich zones.
Drilling is scheduled to begin in late September 2025, with continuous 24/7
operations planned until program completion.

•            Gas sampling data: Gas samples from Jetstream #1 have
been collected over 9-day interval, for a total of 14 samples that have been
sent for laboratory analysis.

•         Chart Industries to model production: The Jetstream #1 dataset
will be delivered to Chart Industries (NYSE:GTLS) in line with Pulsar's
agreement with Chart. Chart's engineering team will perform production
scenario modeling for helium and co-produced CO₂ to guide the design of gas
processing and liquefaction equipment. With sufficient data now collected, no
further flow testing is planned for Jetstream #1 at this time.

Thomas Abraham-James, President & CEO of Pulsar, commented: "We are
thrilled to kick off our multi-well drilling campaign at Topaz in the coming
weeks. This program aims to significantly expand our understanding of the
helium reservoir and accelerate our path toward production. Crucially, as we
map the reservoir's continuity, results will be plentiful, regular, and rich
in insight - providing the granular detail and real-time analysis needed to
successfully guide the program across our land position, target the most
prospective locations, and unlock the full potential of this regional-scale
opportunity. The outstanding result from Jetstream #1, which flowed
substantial volumes of gas with minimal assistance, underscores the
reservoir's exceptional potential. Armed with these well results and our
partnership with Chart Industries on advanced processing solutions, we are
well positioned to unlock Topaz's full value as a primary helium project."

Multi-Well Drilling Program: Timberline Drilling Contract

Pulsar has entered an MSA with Timberline Drilling Inc. ("Timberline") to
carry out a core drilling program at the Topaz project. Under the agreement,
Timberline will drill up to ten core wells targeting the helium-bearing
formation encountered by the Jetstream wells, with each well anticipated to
reach a depth of up to ~3,937 feet (~1,200 meters). This is interpreted to
allow penetration of the entire helium reservoir in each location.

Drilling is slated to commence in late September 2025 at sites stepping out
from the Jetstream #1 and #2 well locations. Timberline will mobilize a CS
3000 core drill rig for the campaign. Operations will run on a continuous 24/7
basis, with rotating crews, to efficiently complete the program. Core drilling
will retrieve continuous rock samples through the target zones, providing
high-quality geological data to further refine the subsurface model. A
mudlogging system will be utilized and down-hole logs taken upon completion,
in addition to pressure and flow readings.

Timberline is a specialist in surface and underground core drilling with
extensive experience in North America. The firm operates a large fleet of
drilling rigs and has a strong track record in safety and productivity.
Timberline has drilled over 6.4 million feet (1,950 kilometers) of core in the
past six years and operates approximately 85 drill rigs with more than 300
employees, reflecting its capacity to execute major drilling programs
efficiently. All drilling operations will be conducted using a local crew
mobilizing from Virginia MN, a 40min drive from Topaz, and all crew members
returning home at the end of each shift, emphasizing Pulsar's commitment to
employing local workforce. Pulsar's field representatives will designate each
drill site and oversee operations throughout the campaign, ensuring alignment
with the program objectives.

The drilling program's primary goal is to delineate the extent and
productivity of the helium reservoir at Topaz. Data from these core wells,
including gas shows, core samples, and downhole measurements, will enable
Pulsar to map reservoir continuity between the well locations and to identify
optimal areas for future production. Up to ten planned wells provide the
Company with flexibility, allowing Pulsar to adjust locations as appropriate
based on results obtained during the program. Pulsar has budgeted and prepared
for the program, and an advance payment of US$70,000 for the blow out
preventor (BOP) has been paid to secure the rig and crew availability. All
relevant permits are also in place for the initial three planned well
locations.

Flow Test Results and Analysis

Following the completion of drilling and deepening operations earlier this
year, both Jetstream appraisal wells at Topaz underwent flow and pressure
testing to evaluate their performance.

Jetstream #1 was drilled to a total depth of 5,100 feet (1,555 meters) in
January 2025. Testing yielded a natural (unassisted) gas flow of ~501 thousand
cubic feet per day on a 38/64″ choke at ~30 psi wellhead pressure, more than
triple the peak rate recorded in 2024 from the shallower wellbore. A wellhead
compressor was deployed to reduce the well's flowing pressure, in order to
gauge maximum deliverability. Under compression, Jetstream #1's gas flow rate
surged to a peak of approximately 1.3 million cubic feet per day (MMcf/d) (the
highest observed rate). No water was produced during the flow test, the well
flowed 100% gas, indicating a dry reservoir with no detectable formation
water. The flowing pressure and rate data confirm that the reservoir can
deliver significant gas volumes, especially when the wellhead pressure is
artificially lowered. These results validate the outstanding productivity of
the Topaz helium reservoir at this location, as the well's performance under
compression far exceeded earlier benchmarks (for reference, a smaller-scale
compression test in early 2024 yielded ~821 Mcf/d).

The comprehensive dataset from Jetstream #1's testing (flow rates, pressures,
and gas composition samples) is now being utilized for development planning.
Pulsar is working with Chart Industries, a leading provider of gas processing
technology, under an agreement to design an integrated solution for helium
production and CO₂ capture at Topaz. The new flow test data will feed into
Chart's engineering studies to model a full-scale production scenario,
including sizing of compressors, separation units, and liquefaction equipment
for the helium and associated CO₂ gas. With Jetstream #1 now thoroughly
appraised, no further well testing is planned on this well. Jetstream #1 will
likely remain shut in while development plans are finalized, and it is
expected to serve as a future production well given its strong performance.

The Jetstream #2 appraisal well (drilled to 5,638 feet / 1,718 meters)
exhibited an initial gas flow of roughly 40-50 thousand cubic feet per day
(Mcf/d) and showed a high and strong initial shut-in pressure (~151 psi / 10.4
bar), greater than Jetstream #1, confirming high reservoir potential. While
sustained flow was restricted by persistent blockages in the wellbore, the
data gathered is highly valuable and provides strong cause for optimism.
Jetstream #2's performance is now under detailed review to determine the cause
of these restrictions and define next steps; in the meantime, no further
testing is planned pending this assessment.

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 total depth ("TD") of 5,100 feet (1,555 metres) on January 11,
2025, successfully penetrating the entire interpreted helium-bearing reservoir
and beyond. The Jetstream #1 appraisal well previously reached TD of 2,200
feet (671 metres) on February 27, 2024, identifying top-tier helium
concentrations of up to 14.5%, well above the 0.3% widely accepted economic
threshold, and flowed at a rate of 821,000 cubic feet per day. Drilling of,
the Jetstream #2 appraisal well was completed on February 1, 2025, reaching a
TD of 5,638 feet (1,718 metres). The deepening of Jetstream #1 and completion
of the drilling of Jetstream #2 are pivotal steps to progress Pulsar's
strategy to become a producer of helium, addressing increasing global demand.

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)

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

*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)

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.

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
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 eld. 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 flow-testing,
pressure testing and drill costs may be higher than estimates; 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 14, 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) and the
Company's Annual Information Form dated as of July 31, 2025 found on the
Company's profile at 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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