Pulsar Helium Expands Topaz Land Position, Completes Seven-Well Exploration Programme

• Pulsar Helium's subsidiary, Keewaydin Resources Inc., holds approximately 690 net mineral acres outright (royalty-free) and approximately 4,941 net mineral acres under lease within the Topaz Project area.
• Of the leased acreage, approximately 2,849 net mineral acres carry a royalty of 3% of gross sales, with the remaining leased acreage carrying a 20% royalty.
• All seven Jetstream exploration wells at Topaz have been drilled, completing the programme's field activities.
• Down-hole pressure readings, wireline logging, and reservoir modelling results have been used to correlate the reservoir system across the project's acreage.
• Planning is underway for two to four new production-ready wells, which will twin selected exploration wells and join Jetstream #1 and #2, already designated production-ready.

Pulsar Helium Inc. (AIM: PLSR) (TSXV: PLSR) (OTCQB: PSRHF) is a United Kingdom-based helium exploration and development company. Its project portfolio includes the Topaz helium project in Minnesota, the Falcon project in Michigan, and the Tunu helium project in Greenland. The company holds first-mover status at its Minnesota and Greenland locations, having identified primary helium accumulations not linked to oil or gas production.

Expanded Land Position at Topaz Through Owned Mineral Rights and Leasehold Royalties

Pulsar Helium has added mineral rights across the area of the Topaz Project considered most important to its development. The additions include outright ownership interests and additional acreage incorporated into an existing lease.

The company's holdings at Topaz consist of two components. Approximately 690 net mineral acres are owned outright across 34 parcels, on which Pulsar pays no production royalty. The remaining approximately 4,941 net mineral acres are held under lease. Of this leased acreage, approximately 2,849 net mineral acres carry a royalty rate of 3% of gross sales, while the remaining leased acreage carries a 20% royalty. A royalty is a share of production revenue paid to the mineral rights holder; a lower royalty rate reduces the portion of future production revenue owed to third parties.

Of the 34 tracts where Pulsar owns a share of the underlying minerals, 28 also fall under lease. On those tracts, the company's ownership interest offsets the royalty otherwise payable on the leased portion. Keewaydin Resources Inc. also acquired surface land covering key infrastructure, including the JS#7 well site, within this area.

Completion of Seven-Well Jetstream Exploration Programme and Reservoir Data

Field operations at Topaz have concluded, with all seven Jetstream exploration wells drilled. This completes the exploration phase of the project.

Pulsar did not pursue extended flow testing on Jetstream #3 through #7. These wells were designed to gather subsurface data and were not built or permitted for production use. The company noted that Minnesota helium legislation progressed through the state government during the drilling campaign.

Results from the drilling programme, wireline logging, and reservoir modelling showed down-hole pressures higher than anticipated. This data has been used to correlate the Topaz reservoir system across the company's acreage.

CEO Thomas Abraham-James said:

"The Topaz Project has never been better positioned. We have drilled seven successful exploration wells, built a thorough understanding of our reservoir system across the acreage, and secured an expanded, strategically important land position in the immediate project area, much of it at remarkably competitive royalty rates."

Transition to Planning of Two to Four Production-Ready Development Wells

With exploration complete, Pulsar is planning a drilling programme for two to four production-ready wells at Topaz. These wells are designed to twin selected exploration wells from the Jetstream programme based on results gathered across the seven sites.

The new wells will join Jetstream #1 and #2, which are already designated production-ready. The company has completed seismic interpretation from its 2D seismic survey. This data, together with the Jetstream well results and airborne gravity gradiometry, a method used to measure variations in the earth's gravity to map subsurface structures, is being combined into a geological model of Topaz to guide well placement for the upcoming drilling campaign.

CEO Thomas Abraham-James added:

"We head into our production-ready well drilling campaign with real momentum, strong technical foundations, and a project that we believe has the potential to be a transformative U.S. primary helium project. The hard work of the exploration phase is complete, now it is time to build."

Conclusion

Pulsar Helium has completed its seven-well Jetstream exploration programme and expanded its Topaz land position through owned mineral rights and leasehold acreage. The company is now integrating seismic, well, and gravity data into a geological model to guide placement of two to four planned production-ready development wells, which will join Jetstream #1 and #2 at the Topaz Project.