Pulsar Helium Completes Successful Deepening Operation at Jetstream #1 Appraisal Well, Topaz Project

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce the successful completion of the deepening operation for the Jetstream #1 appraisal well, that previously flowed up to 14.5% helium concentration, at its flagship Topaz Project in Minnesota, USA. The drilling operation reached Total Depth (TD) of 5,100 feet (1,555 metres) on January 11^th, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond.

Key Achievements

• Successful Deepening: Jetstream #1 reached its target depth of 5,100 feet on January 11^th, 2025.
• Expanded Reservoir: Initial data supports the Company's interpreted larger helium-bearing reservoir zone with multiple helium zones encountered throughout the deepening operation from 2,200 feet to 5,100 feet.
• Promising Helium Readings: Mud log gas levels containing up to 7.24% helium were encountered during drilling. These samples are diluted by atmospheric air due to the rotary air drilling method used and unaffected samples for laboratory analysis will be acquired in due course.
• Comprehensive Data Collection: Down-hole wireline logging data was acquired over January 11^th-12^th, this data will be integrated with additional downhole data that will be acquired over the coming weeks.
• Next Steps: Additional data collection, including optical televiewer, pressure, and flow testing, will be conducted after the completion of drilling of Jetstream #2.
• Jetstream #2 Preparation: The drill rig is now moving onto the Jetstream #2 pad, with spudding anticipated around January 17^th, 2025.

Thomas Abraham-James, President & CEO of Pulsar Helium, commented on the drilling:

"The deepening of the Jetstream #1 well has been a resounding success, exceeding our expectations and reinforcing our confidence in the Topaz Project's potential. The expanded reservoir height and encouraging helium readings are testament to the quality of our geological model and the expertise of our team. As we move forward with Jetstream #2 and additional testing, we are increasingly optimistic about the project's ability to contribute significantly to the global helium supply chain. This success not only validates our exploration strategy but also positions Pulsar Helium as a key player in addressing the critical demand for helium in various high-tech industries."

Expanded Reservoir Potential

The deepening operation has revealed promising indications of an expanded helium-bearing reservoir. Multiple helium-bearing zones have been identified in the interpreted geophysical anomaly over the interval from 1,750 - 5,100 feet, representing a significant potential increase in reservoir height over previous estimates. The increased reservoir thickness potentially enhances the project's resource potential and underscores the value of the Topaz Project.

Ongoing Analysis and Testing

Pulsar Helium is currently conducting a thorough analysis of the down-hole wireline logging data collected from Jetstream #1. Additional testing, including optical televiewer and pressure/flow assessments will be gathered after completion of the drilling of Jetstream #2, scheduled for early March, and will further refine the Company's understanding of the reservoir's properties and production potential.

Looking Ahead: Jetstream #2

Building on the success of Jetstream #1, Pulsar Helium is preparing to commence drilling operations for the step-out well, Jetstream #2. This well is scheduled to spud on or around January 17^th, 2025, and is planned to reach a depth of at least 5,000 feet. Jetstream #2 will play a crucial role in delineating the characteristics of the helium-bearing reservoir and further validating the project's potential.

Strategic Significance

The Jetstream #1 appraisal well previously reached total depth (TD) of 2,200 feet (671 metres) on February 27^th, 2024, identifying top-tier helium concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and CO₂concentrations exceeding 70% - with the latter expected to further contribute to the project economics. The deepening of Jetstream #1 is a pivotal step in advancing Pulsar's strategy to address the increasing global demand for helium as the Company moves another step closer to production. The deepening of Jetstream #1 will target the full height of the helium reservoir, guided by insights from recently acquired geophysical data, previous drilling data, and onsite testing.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

Pulsar Helium I https://pulsarhelium.com