REG - Pulsar Helium Inc. - Appoint Cliff Cain Announce Completion Jetstream 4

Pulsar HeliumAnnouncement

26/11/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251126:nRSZ9959Ia&default-theme=true

RNS Number : 9959I  Pulsar Helium Inc.  26 November 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA
OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR
CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR
REGULATIONS.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE, AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018,
AND REGULATION (EU) NO. 596/2014 ON MARKET ABUSE.

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE
TO BE IN POSSESSION OF INSIDE INFORMATION.

NEWS RELEASE | NOVEMBER 26, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM APPOINTS CLIFF CAIN AS MANAGER OF COMMERCIAL AND EXTERNAL
AFFAIRS AND ANNOUNCES COMPLETION OF JETSTREAM #4 WITH INCREASED BOTTOM-HOLE
PRESSURE

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a primary helium development company, is pleased to announce the
appointment of Cliff Cain, a veteran industrial gas executive and renowned
helium market strategist, as Manager of Commercial & External Affairs. In
addition, at the Company's flagship Topaz helium project in Minnesota, USA,
Jetstream #4 has reached total depth (TD) and the drill rig is now preparing
to relocate to the Jetstream #5 pad.

Highlights:

•             Manager of Commercial & External Affairs
appointment: Cliff Cain has been appointed as a full-time member of the
Company, and has relocated to Duluth, Minnesota.

•             Drilling Completed: Jetstream #4 reached a TD of 3,000
feet (914 meters) on November 25, successfully penetrating the full
interpreted helium-bearing interval.

•             Increased bottom-hole pressure: During drilling,
pressurized gas with an estimated bottom-hole pressure of approximately 887
psi was encountered at a depth of 1,897 feet (578 meters) (subject to change
when final bottom hole and well-head pressures are obtained during
evaluation).

•            Jetstream #5: With drilling at Jetstream #4 now complete,
the drill rig is now being relocated to Jetstream #5 located 1.8 miles (2.9
kilometers) NE of Jetstream #1, with a target depth of 5,000 feet (1,524
meters).

•            Next steps, testing and analysis: With drilling complete
at Jetstream #4, a comprehensive down-hole evaluation program will start
across both Jetstream #3 and #4. The decision was made to test both wells
simultaneously to reduce mobilization costs and therefore achieve a more
efficient deployment of capital. The program will include open-hole wireline
logs, flow testing, and pressure build-up analysis. At the same time, core and
gas samples from Jetstream #3 and #4 will be analyzed to determine gas
composition and helium content.

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

"Cliff's decision to join Pulsar full-time is a strong vote of confidence in
our mission and direction. He is one of the most respected strategists in the
industrial gas industry, and his decades of experience and market insight will
be invaluable as we advance Topaz toward final investment decision. With Cliff
leading our commercial and external affairs, we are significantly
strengthening our ability to forge strategic partnerships and turn our
discovery into a successful, revenue-generating operation.

In addition, it is my pleasure to, once again, report the successful
completion of drilling at a further well, Jetstream #4, at our flagship
project, Topaz, in Minnesota, USA. Having now reached total depth, the results
are promising and reinforce our belief in our helium discovery. With downhole
evaluation now starting on Jetstream #3 and #4 and with the drill rig being
mobilized to Jetstream #5, momentum continues as we head towards the end of
2025 and advance our drilling campaign."

Cliff Cain Appointment

Cliff brings over 15 years of global experience across the helium, hydrogen,
CO₂ and specialty gas industries. As the founder of the Edelgas Group, a
leading international gases advisory firm, he has negotiated more than $100
million in gas supply and offtake agreements over his career. Cliff has
relocated to Duluth, Minnesota to assume his new role as Manager of Commercial
and External Affairs on a full-time basis, underscoring his commitment to
Pulsar's mission of advancing the Topaz helium project toward production.

In his new capacity at Pulsar, Cliff will spearhead the Company's commercial
strategy, external partnerships, and industry relationships. His mandate is to
strengthen Pulsar's market positioning and help transition the Company from
exploration into development and eventual revenue generation.

Cliff is widely recognized as an authority in the industrial and rare gases
sector. He founded the Edelgas Group in 2019 and built it into a premier
consultancy advising helium and hydrogen projects worldwide. His expertise has
been sought by Fortune 100 companies and government agencies alike, he has
developed global risk management programs for major end-users and advised U.S.
federal initiatives on gas sourcing and pricing transparency. Some key
highlights of his background include:

Helium Industry Leadership: As the founder of the Edelgas Group, Cliff
provides strategic guidance across upstream development, market pricing,
government procurement, and supply chain optimization. He pioneered new market
data transparency tools, including the industry's first global helium pricing
indices.

Major Offtake Deals: Negotiated and executed over $100 million in gas supply
and offtake agreements, leveraging deep market knowledge to secure long-term
contracts.

Industry Tenure: Held senior roles at leading industrial gas companies. At
Matheson Tri-Gas, Cliff managed cryogenic gas portfolios for medical, defense,
and industrial clients and closed $70 M in multi-year supply agreements. At
Praxair (now Linde), he oversaw a $40 M specialty gases portfolio serving
aerospace, semiconductor, healthcare, and government sectors.

Market Insight & Advocacy: A United States Marine Corps veteran, Cliff is
known for his disciplined leadership and clear communication. He frequently
speaks at industry forums and has been featured in helium market briefings,
where he articulates the strategic importance of helium for sectors ranging
from semiconductor manufacturing to medical technology and aerospace. His
ability to connect upstream discoveries with end-market needs has made him a
trusted advisor during critical project development stages.

Jetstream #4 Well Update

While bolstering its leadership team, Pulsar is concurrently advancing the
drilling program at its flagship Topaz helium project in Minnesota. Jetstream
#4, the Company's latest appraisal well, was successfully drilled to a total
depth of 3,000 feet (914 meters) on November 25, 2025, penetrating the entire
interpreted helium-bearing interval. During drilling, pressurized gas with an
estimated bottom-hole pressure of approximately 887 psi was encountered at a
depth of 1,897 feet (578 meters) (subject to change when final bottom hole and
well-head pressures are obtained during evaluation). This is an increase from
the previously reported (Pulsar News Release dated November 18, 2025) ~674 psi
at a depth of 1,457 feet (444 meters).

With Jetstream #4 now complete, the drill rig is being mobilized to the
Jetstream #5 location, which has a target depth of 5,000 feet (1,524 meters)
and is approximately 1.8 miles (2.9 kilometers) northeast of Jetstream #1.
Drilling at Jetstream #5 is expected to commence by November 29, 2025. This
continued pace reflects Pulsar's commitment to an aggressive multi-well
campaign (up to 10 wells in total) designed to delineate the geometry, extent,
and productivity of the Topaz reservoir.

Well-Testing

Pulsar will now initiate a comprehensive downhole evaluation program on both
Jetstream #3 and #4 in parallel. By conducting the testing on both wells
simultaneously, the Company aims to reduce mobilization costs and accelerate
data collection. The evaluation will include open-hole wireline logging, flow
testing, and pressure build-up analysis, alongside laboratory analysis of core
and gas samples to determine gas composition and helium content. Notably, the
lab work will test for the presence of helium-3 isotope, previously detected
at notable levels in the Topaz field, to see if Jetstream #3 and #4 exhibit a
similar helium-3 signature

Additional Corporate Developments

Broker Update

The Company announces that, effective immediately, Strand Hanson Limited is
now acting as the sole broker to the Company.

Marketing Engagement

The Company notes that it has engaged U.K. based ShareTalk Ltd ("ShareTalk")
as a consultant to support its investor communications and will pay ShareTalk
£3,000 for a 6-month term commencing on December 1, 2025. ShareTalk will
provide services including audio podcasts, video interviews, articles, company
updates, and management interviews, as well as communicate with investment
dealers, advisers, and both current and prospective shareholders to increase
awareness of, and interest in, Pulsar.

The Company's agreement with ShareTalk has no stipulated notice period and can
be terminated by either party with immediate effect. ShareTalk has advised the
Company that it does not currently hold any common shares in the Company; as
such, ShareTalk and the Company are unrelated and unaffiliated entities.

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 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). Jetstream #3 reached TD on
November 7, 2025, and during drilling the calculated bottom-hole pressure was
~960 psi, with down-hole testing and gas sampling to soon occur now that
Jetstream #4 has been completed. 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 ongoing 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 Broker)

Ritchie Balmer / Rob Patrick / Richard Johnson

+44 (0) 207 409 3494

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 Brad Cage, VP Engineering and Officer of the Company
has reviewed the technical information contained herein. Mr. Cage has
approximately 25 years in the oil and gas industry, is a member of the Society
of Petroleum Engineers and is a licensed professional petroleum engineer in
Oklahoma, USA.

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
and/or Helium-3 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPPGBGGUPAPWA



            Copyright 2019 Regulatory News Service, all rights reserved