Pulsar Helium Unveils Promising Seismic Results at Topaz Project and Positioning for AIM Listing

• Pulsar Helium Inc. has successfully interpreted a 20.4km long 2D seismic reflection survey at its Topaz Helium Project in Minnesota, USA.
• The seismic data reveals a continuous reflective package at the helium-bearing interval, extending approximately 1.5 km west and 2 km east of the Jetstream #1 well.
• Additional reflective packages suggest the presence of further fracture zones, increasing the project's prospectivity and potential for new discrete helium-bearing fractures.
• The company plans to deepen the Jetstream #1 well by approximately 500m to fully penetrate the interpreted helium-bearing zone.
• Pulsar Helium is preparing for admission to trading on the AIM market of the London Stock Exchange, expanding its investor base and capital access.

Pulsar Helium (TSXV:PLSR) is a publicly traded helium project development company with a portfolio focused on primary helium occurrences. The company's flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland represent first-mover opportunities in regions with identified primary helium occurrences not associated with hydrocarbon production. Pulsar Helium is at the forefront of exploring and developing these unique helium resources to meet growing global demand for this critical element.

Seismic Survey Reveals Extended Helium-Bearing Zones

Pulsar Helium Inc. has announced the successful interpretation of a 20.4km long 2D seismic reflection survey at its Topaz Helium Project in Minnesota, USA. The processed seismic data has revealed promising results that significantly enhance the project's potential and provide valuable insights for future exploration and development activities.

Key findings from the seismic survey include:

1. Continuous Reflective Package: The data shows a continuous reflective package at the helium-bearing interval encountered in the Jetstream #1 well. This package extends approximately 1.5 km to the west and 2 km to the east of the well, indicating a potentially larger helium-bearing zone than initially anticipated.
2. Additional Fracture Zones: The processed seismic data suggests the presence of other reflective packages, which could represent additional fracture zones. This discovery increases the project's prospectivity and the potential to drill into new discrete helium-bearing fractures.
3. Complementary Geologic Detail: The 2D seismic line adds valuable complementary geologic detail to the existing ambient noise tomography (passive seismic) data. This comprehensive dataset indicates a slowed seismic velocity layer beneath the current total depth of the Jetstream #1 well, suggesting potential for deeper helium-bearing zones.

Implications for Future Exploration and Development

The successful imaging of the helium-bearing zone at Jetstream #1 and the surrounding area highlights the suitability of reflection seismic to map the geometry of helium-bearing zones and other prospects in the region. This breakthrough provides Pulsar Helium with increased confidence in targeting future wells accurately.

Josh Bluett, Technical Manager of Pulsar, commented on the findings:

"As we progress toward deepening Jetstream #1 to test the full extent of the interpreted helium-bearing zone, the team continues to evaluate the subsurface data. The recently acquired seismic line shows that the productive helium-bearing interval intersected in Jetstream #1 extends laterally. The additional active seismic data further supports the interpretation of the passive seismic and airborne geophysical data. This new data is very encouraging, and I look forward to the upcoming drill program."

Deepening Jetstream #1: A Strategic Next Step

Following the successful drilling and testing of Jetstream #1, which flowed helium-bearing gas to the surface with concentrations ranging from 8.7% to 14.5%, Pulsar Helium is maintaining momentum by planning to deepen the well. The company has signed a new drilling contract with Capstar Drilling to extend Jetstream #1 by approximately 500m, with the option to drill an additional two step-out wells.

This deepening operation aims to fully penetrate the entire interpreted helium-bearing zone, potentially increasing the project's resource base and providing valuable data for future development plans. The drilling rig is scheduled to commence operations this quarter, marking a significant milestone in the advancement of the Topaz Helium Project.

Seismic Acquisition and Interpretation

The 2D seismic reflection survey was acquired at the Topaz Helium Project in July-August 2024. The survey line was oriented in a nominal E-W direction, passing 460 meters south of the Jetstream #1 appraisal well. The data processing and interpretation were conducted in collaboration with Professor Nick Schofield, a tenured Professor of Igneous and Petroleum Geology at the University of Aberdeen and a renowned specialist in seismic and field interpretation of intrusive igneous geology.

The company's approach to seismic acquisition was informed by a Vertical Seismic Profile (VSP) and seismic sweep test line acquired in May 2024. This preparatory work enabled Pulsar to carefully evaluate and select optimal acquisition parameters for the recent 2D seismic line, which is critical in hard rock terranes where seismic acquisition can be challenging.

Integration with Existing Data and 3D Geological Model

Pulsar Helium is currently incorporating the new seismic data into its 3D geological model, including ongoing interpretation of high-resolution gravity gradient and magnetic data acquired in May 2024. This comprehensive approach to data integration will provide a more detailed and accurate understanding of the subsurface structure and helium distribution within the Topaz project area.

The combination of reflection seismic techniques with existing ambient noise tomography imaging gives reasonable confidence for siting future wells targeting these zones. This multi-faceted approach to geophysical exploration demonstrates Pulsar Helium's commitment to employing cutting-edge technologies and methodologies to maximize the potential of its helium assets.

Preparing for AIM Listing: Expanding Investor Base and Capital Access

In addition to the exciting developments at the Topaz Helium Project, Pulsar Helium has announced its intention to apply for admission to trading of the company's common shares on the AIM Market of the London Stock Exchange. This strategic move aims to expand the company's investor base and improve access to capital markets, potentially accelerating the development of its helium projects.

The company is in the process of preparing an Admission Document, which will provide detailed information on Pulsar Helium's business, strategy, and growth prospects. While the exact timing of the AIM listing is subject to market conditions and regulatory approvals, this development represents a significant milestone in the company's corporate evolution.

Market Dynamics and Helium Demand

The global helium market continues to experience strong demand growth, driven by applications in various industries, including healthcare, technology, and aerospace. As a non-renewable resource with limited production sources, primary helium projects like Pulsar's Topaz are becoming increasingly valuable.

The company's focus on developing primary helium occurrences not associated with hydrocarbon production positions it favorably in the market, potentially offering a more environmentally friendly and sustainable source of this critical element.