Pulsar Helium Achieves Key Milestones Advancing Towards Helium Production at Topaz

• Pulsar signed a drilling contract with Capstar Drilling to deepen the Jetstream #1 well by approximately 500 meters. This will allow the well to fully penetrate the interpreted helium-bearing zone.
• Initial drilling at Jetstream #1 in February flowed helium concentrations ranging from 8.7% to 14.5% to the surface, significantly exceeding typical economic thresholds of 0.3-1%. These results highlight the potential of the Topaz project.
• Pulsar Scholars, Pulsar's initiative to support STEM students, is partnering with Send My Stuff to Space Ltd (SMSTS) to fund space balloon flights for student projects. The $2,500 quarterly bursaries will cover the costs for students to test experiments in Mars-like conditions in the upper stratosphere.
• Pulsar signed an agreement with Chart Industries subsidiary Earthly Labs to utilize their advanced carbon capture and helium processing technologies at the Topaz project. Under the agreement, Chart will provide engineering studies and plant and storage recommendations tailored to Pulsar's needs.
• Site improvements were completed at Pulsar's flagship Topaz helium project in Minnesota to prepare for the deepening of the Jetstream #1 well. Road upgrades enable all-weather access and the drill pad is ready for rig mobilization in early December.

Pulsar Helium Inc. (TSXV:PLSR) is a publicly traded helium exploration and development company. Its portfolio includes the flagship Topaz project in Minnesota, USA and the Tunu project in Greenland. Pulsar focuses on primary helium occurrences not associated with hydrocarbon production, positioning it as a leader in the rapidly growing helium market as demand outstrips supply.

Pulsar Helium Recent Key Milestones

Partnership with Send My Stuff to Space

On November 22, Pulsar announced a partnership between its Pulsar Scholars initiative and Send My Stuff to Space Ltd (SMSTS). Pulsar Scholars provides quarterly bursaries of US$2,500 to support students in Science, Technology, Engineering and Mathematics (STEM) fields.

Through the partnership, these funds will be used to pay SMSTS to launch student projects into the upper stratosphere using helium-filled space balloons. This environment, 30-48km above sea level, simulates conditions on Mars, allowing students to test cube satellites and other experiments for durability in extreme conditions.

SMSTS has an established track record, having completed hundreds of flights for clients like Mastercard, Sony, and top universities. By fully covering flight costs, Pulsar ensures students can effectively advance their innovative projects. This aligns with Pulsar's commitment to fostering the next generation of scientists and highlights its focus on the critical role of helium.

Agreement with Chart Industries

Pulsar's Minnesota subsidiary Keewaydin Resources signed an agreement on November 20 with Earthly Labs, part of the leading industrial gas processing company Chart Industries. The agreement outlines a roadmap for Pulsar to access Chart's advanced helium and carbon dioxide (CO2) capture technologies for potential production at the Topaz project.

Under the agreement, Chart will complete engineering studies and provide plant and storage recommendations tailored to Pulsar's needs. Pulsar would purchase Chart's CiCi carbon capture solution to monetize the helium and CO2 at Topaz while reducing emissions.

Chart's expertise spans the liquid gas supply chain, including cutting-edge solutions for helium liquefaction and CO2 capture and utilization. By leveraging Chart's technologies, Pulsar can optimize efficiency and sustainability as it advances Topaz towards production.

Topaz Project Progress

Pulsar achieved significant milestones at its flagship Topaz helium project in Minnesota this month. Key developments include:

• Site Improvements: Access road segments were modified for all-weather use to support year-round operations and traffic. The Jetstream #1 drill pad was readied for rig and equipment mobilization in early December. These upgrades enable the next crucial phase of drilling.

• Drilling Contract: Pulsar signed a contract with Capstar Drilling to deepen the Jetstream #1 well by ~500m. This will allow the well to fully penetrate the interpreted helium-bearing zone, building upon promising results from prior drilling.

• Jetstream #1 Results: The initial drilling of Jetstream #1 in February successfully flowed helium-bearing gas to the surface. Helium concentrations ranged from an impressive 8.7% to 14.5%, significantly exceeding the typical thresholds for economic viability.

Topaz represents a potential district-scale helium opportunity for Pulsar. With drilling on track to commence this quarter and all permits in place, deepening Jetstream #1 marks a pivotal step in appraising the project's resource potential. Similar drilling efforts have driven substantial gains in resource size and flow rates at other projects.

Pulsar is set to start drilling at Topaz this quarter, potentially transforming the global helium market. Thomas Abraham-James, President & CEO of Pulsar, commented:

"Only one well has been drilled within the prospect, which has not yet met target depth, but has owed concentrations that are considered very high by global standards, significantly surpassing the commonly accepted economic viability threshold. During the deeper drilling phase, we hope to build on this, and unlock a helium resource of size and quality, to advance our goal to become a premier helium supplier"

"This next drilling phase oers an unprecedented opportunity to unlock the district-scale opportunity offered by Topaz. We've seen other projects achieve significant gains in resource size and flow rates through similar deepening efforts, and combined with our data, and our existing high concentration credentials, we believe Jetstream #1 can stand as a top-tier helium production site worldwide."

Pulsar's Competitive Advantages

Pulsar's November activities highlight several key competitive advantages:

1. Focus on High-Grade Primary Helium: Topaz's helium concentrations are very high by global standards, with grades up to 14.5% compared to typical economic cutoffs of 0.3-1%. This allows for more helium production from a given volume of raw gas, enhancing profitability and resilience to market volatility.
2. Strategic Partnerships: Pulsar's agreements with Chart Industries and SMSTS provide access to world-class technologies and initiatives. By leveraging Chart's expertise, Pulsar can optimize production efficiency and sustainability. The SMSTS partnership showcases Pulsar's commitment to driving helium-enabled innovation.
3. Proven Team: Pulsar's leadership combines deep industry knowledge with a track record of delivering value. The team's ability to form partnerships, secure funding, and systematically derisk Topaz demonstrates its ability to execute.
4. First-Mover Advantage: As the first mover at Topaz and Tunu, Pulsar has established a leading land position in two promising primary helium jurisdictions. This provides a competitive edge as the global helium market faces constrained supply.

Conclusion for Investors

Pulsar Helium's November activities mark significant steps towards unlocking the value of its Topaz helium project. From partnerships with industry leaders to crucial operational milestones, Pulsar continues to systematically advance Topaz.

With helium demand forecast to outstrip supply, Pulsar is well-positioned to emerge as a key producer. Its high-grade primary helium resources, strategic partnerships, and seasoned team provide a strong foundation.

For investors, Pulsar represents a compelling opportunity in the high-growth helium space. As it prepares to resume drilling at Topaz, the company is poised to build upon its encouraging initial results. Successful appraisal and development could establish Topaz as a world-class helium asset, delivering significant returns for shareholders. By staying at the forefront of helium-related innovation, forming key partnerships, and diligently executing its strategy, Pulsar is working to create sustainable value as  its flagship Topaz story unfolds.