Mr. Jesse Griffith reports

GLOBAL HELIUM CORP. CONFIRMS DRILLING AND CASING OF FIRST HELIUM WELL IN ALBERTA

Global Helium Corp., on Sept. 18, 2023, successfully drilled, logged and cased its first potential helium well at 09-04-12-04W4 (09-04), situated on the farm-in land block of Perpetual Energy Inc. within the Manyberries, Alberta, helium trend. Given positive preliminary indications of commercial helium production potential, Global Helium will commence completion and production testing of 09-04 in the coming weeks.

With the drilling of this initial well, Global Helium has completed the first step in earning on the farm-in block of eight sections. Perpetual will retain a 25-per-cent working interest in the project and collect a 7-per-cent lessor royalty on the company's 75-per-cent share. Prior to Dec. 1, 2023, Global Helium has the option to drill a second well to earn the additional nine sections, under the same terms as the initial well. The second well, once drilled, will also trigger the option to lease as announced on Jan. 10, 2023, allowing the company to lease up to an additional 32 sections of land on the Manyberries trend with its new joint venture partner. Global Helium is currently securing surface access and permits for the licensing of the second well.

About Global Helium Corp.

Global Helium is one of Canada's largest helium exploration and development companies, focused on the exploration, acquisition, development and production of helium, done right. The company has carved out a differentiated position through a unique farm-in agreement with industry veteran, Perpetual Energy Inc., through which it can explore approximately 369,000 acres in Alberta's Manyberries helium trend via joint venture. The company has also captured 100-per-cent-owned permits encompassing over 1.7 million acres prospective for helium in Saskatchewan's well-established helium fairway and has recently acquired three assets with proven helium tests in the state of Montana. Global Helium brings a seasoned team of industry professionals and technical experts who have established connections with North American and international helium buyers.

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