REG - Pulsar Helium Inc. - Pulsar Helium Commences Drilling of Jetstream #5

Pulsar HeliumAnnouncement

03/12/2025 07:00

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RNS Number : 9743J  Pulsar Helium Inc.  03 December 2025

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NEWS RELEASE | DECEMBER 3, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM COMMENCES DRILLING OF JETSTREAM #5

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a primary helium project development company, is pleased to
announce that the drill rig and all ancillary equipment have been relocated to
the Jetstream #5 drill pad, located 1.8 miles (3 kilometers) northeast of
Jetstream #1, at the Company's flagship Topaz project in Minnesota, USA.
Jetstream #5 has a planned target depth of 5,000 feet (1,524 meters). The
Company is pleased to confirm that rigging-up operations commenced on
Thursday, November 27, 2025, and that the Jetstream #5 well was spudded on
Friday, November 28, 2025.

Topaz drilling campaign highlights:

·    Jetstream #1 (47.63468333 N / -91.70114444 W).

Helium-3 discovery: Concentrations of up to 14.5 parts per billion (ppb) were
recorded in produced gas.

Completion: January 13, 2025

TD: 5,100 feet / 1,555 meters

Gas Concentrations: (4)He 8.1% | (3)He 14.5 PPB | CO(2) 72.9%

Natural Flow: Yes, 200,000 cubic feet per day average over 7-day test with 60
psi drawdown

Well pressure: Well-head pressure ~122 PSI

Formation Water: None present

·    Jetstream #2 (47.63330694 N / -91.70267305 W).

High helium and pressure: High helium concentrations encountered of up to
6.5% in initial gas samples, alongside a strong initial shut-in pressure ~151
psi (10.4 bar), notably higher than Jetstream #1 indicating a highly charged
reservoir with excellent pressure support.

Completion: February 3, 2025

TD: 5,638 feet / 1,718 meters

Gas Concentrations: (4)He 5.6% | CO(2) 79.8%

Natural Flow: Yes, 21,000 cubic feet per day average over 1-day test with 60
psi drawdown

Well pressure: Well-head pressure ~151 PSI

Formation Water: None present

·    Jetstream #3 (47.64228213 N/ -91.70159457 W).

Strong reservoir pressure: Multiple pressurized gas zones throughout the
drilling campaign with a calculated bottom-hole pressure of approximately 960
psi. This strong pressure reading indicates a robust, naturally pressurized,
highly charged reservoir at the well location.

Completion: November 7, 2025

TD: 3,507 feet / 1,069 metres

Gas Concentrations: Unknown. Awaiting testing.

Natural Flow: Yes, value to be determined.

Well pressure (not under compression): Bottom-hole pressure ~960 psi

Formation Water: None present

·    Jetstream #4 (47.63693443 N/ -91.7008531 W).

TD reached and helium zone penetrated: The Company's latest appraisal well,
was successfully drilled to a total depth of 3,000 feet (915 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).

Completion: November 26, 2025

TD: 3,000 feet / 915 meters

Sustained Gas Concentrations: Unknown. Awaiting testing.

Natural Flow: Yes, value to be determined.

Well pressure: bottom-hole pressure ~887 psi

Formation Water: None present

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 average of 8.1% helium (as helium-4). Recent laboratory analyses have
also confirmed the presence of helium-3 in measurable concentrations The
ongoing multi-well drilling campaign will build on these results to expand
Pulsar's understanding of the reservoir.

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 Broker)

Ritchie Balmer / Rob Patrick / Richard Johnson

+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 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, 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 drilling
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.

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