REG - Pulsar Helium Inc. - Secures District-Scale Helium Exploration Option

Pulsar HeliumAnnouncement

22/04/2026 07:00

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RNS Number : 3915B  Pulsar Helium Inc.  22 April 2026

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NEWS RELEASE | APRIL 22, 2026 | CASCAIS, PORTUGAL

PULSAR HELIUM SECURES DISTRICT-SCALE HELIUM EXPLORATION OPTION ACROSS 488,090
ACRES IN MICHIGAN'S UPPER PENINSULA

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a primary helium company, is pleased to announce that its wholly
owned subsidiary, Pulsar Helium (MI) Inc. ("Pulsar Michigan"), has entered
into an exclusive Option to Lease Non-Hydrocarbon Gas Agreement (the "Option"
or "Agreement") with Keweenaw Land Association, Ltd. ("KLA") covering
approximately 488,090 gross acres of mineral rights in Michigan's Upper
Peninsula.

The Agreement, together with the 5,742 gross acres previously acquired through
the Company's acquisition of Pulsar Michigan (formerly Hybrid Hydrogen Inc.)
as announced January 5, 2026, establishes the Company's potential footprint in
Michigan. These acreas in Michigan are now known as the Falcon Project.

Highlights:

 * Exclusive three-year exploration option commencing March 31, 2026, covering
approximately 488,090 gross acres of KLA's mineral rights in Michigan's Upper
Peninsula.

 * Option covers non-hydrocarbon gases including helium-4, helium-3, carbon
dioxide, and hydrogen, providing exposure to district-scale geological
potential across the KLA land position.

 * The Agreement contains a staged acreage surrender schedule, allowing Pulsar to
refine its exploration focus across the 488,090 acres over the three-year term
and thereby reduce its retained acreage, with a final development leasehold of
up to 20,000 net acres selectable at Option exercise.

 * Upon any such exercise of the Option, the Company and KLA would enter into a
definitive Non-Hydrocarbon Gas Lease with established commercial terms
including proceeds distributed as royalty revenue payable to KLA.

 * Defined exploration expenditure commitment over the Option period, covering
geochemical sampling, geophysical surveys, geological studies, and exploratory
drilling.

Thomas Abraham-James, CEO of Pulsar, commented:

"This agreement with Keweenaw Land Association marks a transformative step for
Pulsar and for our Falcon Project in Michigan. The scale of this optioned land
position, nearly half a million acres of exclusive helium exploration rights,
is exceptional and reflects the quality of KLA as a partner and the strength
of the geological thesis we have developed for the Upper Peninsula.

"Our work at the Topaz Project in Minnesota has demonstrated that primary
helium systems can be discovered and confirmed with a disciplined, technically
rigorous approach, and we intend to bring exactly that same methodology to
Falcon. Michigan's Precambrian basement geology is highly prospective, and the
region has not seen any activity for primary helium exploration. We have
assembled a district-scale position that gives us the flexibility to evaluate
a very large geological system before high-grading our focus to the most
compelling targets. We are excited about what lies ahead in Michigan."

The Falcon Project

The Falcon Project consolidates all of Pulsar's Michigan helium interests
under a single programme. The 5,742 gross acres previously acquired have been
incorporated into the broader Falcon Project alongside the new KLA Option
acreage. Together, these interests provide Pulsar with one of the largest
potential non-hydrocarbon gas exploration footprints in the Upper Midwest.

Michigan's Upper Peninsula shares key geological characteristics with
helium-bearing systems identified elsewhere in the North American craton,
including the ancient Precambrian basement rocks that are understood to be a
primary source of primordial helium accumulations. Pulsar's operational
experience at the Topaz Project in Minnesota where the Company has achieved a
100% technical well success rate and confirmed high-grade helium
concentrations including rare helium-3, provides a strong foundation for
evaluating the helium potential of Michigan's Upper Peninsula. The geological
setting of the Upper Peninsula, characterised by similar ancient basement
geology and structural architecture, offers compelling analogues for primary
helium accumulation.

Additional Information

The Option enables Pulsar Michigan to undertake exploration work for
non-hydrocarbon gases, including helium-4, helium-3, carbon dioxide, and
hydrogen, on 488,090 gross acres, with the exclusive option to enter into a
formal Non-Hydrocarbon Gas Lease agreement at any time during the three-year
term. Pulsar Michigan shall undertake exploration work amounting to at least
US$1.0 million across the three-year period.

Pulsar Michigan shall pay up to a maximum of approximately US$580,000 to
maintain the Option during the three-year period. The Option fee shall be
adjusted annually based on the per acre fee multiplied by the retained acreage
respective of the surrender schedule. Unless otherwise agreed with KLA, Pulsar
Michigan shall surrender between 25% and 75% of the original contract area
before the end of year one, and an additional 25% by the end of year two.

At any time during the three-year Option period, Pulsar Michigan may exercise
the Option and confirm its selected final retained lease area of up to 20,000
acres, to enter into a formal Non-Hydrocarbon Gas Lease agreement with KLA.
Any such agreement's terms would include payments per leased acre and
royalties.

About Keweenaw Land Association, Ltd.

Keweenaw Land Association, Ltd. is a mineral and land management company
headquartered in Ironwood, Michigan, with holdings of over 1.3 million acres
of mineral rights located predominantly in Michigan's western Upper Peninsula
and northern Wisconsin. Additional information is available at
www.keweenaw.com (http://www.keweenaw.com) .

On behalf of Pulsar Helium Inc.

"Thomas Abraham-James"

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, the Falcon project in Michigan
(both in the 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
Company's ability to conduct exploration activities on the optioned acreage;
the potential to exercise the Option and enter into a formal Non-Hydrocarbon
Gas Lease with KLA; the geological prospectivity of Michigan's Upper Peninsula
for primary helium accumulation; the Company's ability to satisfy the minimum
exploration expenditure commitment of US$1.0 million over the Option period;
the application of exploration methodologies developed at the Topaz Project to
the Falcon Project; the potential for the staged acreage surrender schedule to
allow effective high-grading of the exploration focus; the potential to select
and retain a final development leasehold of up to 20,000 net acres upon Option
exercise; and the potential for the Falcon Project to host commercially
significant primary helium and other non-hydrocarbon gas accumulations.
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 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.

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