Mr. Jesse Griffith reports

GLOBAL HELIUM CORP. ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

Global Helium Corp. has closed a second tranche of its previously announced non-brokered private placement offering, raising aggregate gross proceeds of approximately $405,000 (Canadian). By way of the offering, Global Helium intends to issue 1,621,621 Series B preferred shares at a price of 18.5 U.S. cents per share to U.S. residents.

The company shall pay a dividend on the principal amount of each outstanding preferred share in the amount of 10 per cent per annum starting from the date of issuance until the earlier of the date of conversion or the fifth anniversary of the date of issuance. Each preferred share is convertible into units of the company or common shares in the capital of the company subject to the date of conversion. The preferred shares are convertible: (a) by the company at its option on the second, third or fourth anniversary of the date of issuance; (b) by the holder of the preferred share at its option at any time from the date of issuance up to the maturity date; or (c) automatically on the maturity date.

Upon the conversion of a preferred share in accordance with its terms within 18 months of issue (in the case of an optional conversion), the holder will be entitled to receive one unit for each preferred share so converted, along with any accrued but unpaid dividends thereon, at a deemed conversion price of 25 cents per unit.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share for a period of five years from the original date of issue of the preferred share at an exercise price equal to the market price of the common shares on the conversion date.

If the preferred share is converted following the date that is 18 months from the date of issue, whether by optional conversion, accelerated conversion or maturity conversion, each preferred share will be convertible into one common share at a deemed conversion price of 25 cents per common share. Any accrued but unpaid dividends as at the date of accelerated conversion or maturity conversion will be paid in cash.

Net proceeds from the offering will be allocated to financing Global Helium's obligations and associated requirements related to the drilling of two helium wells by Dec. 31, 2023, as outlined in the previously announced perpetual farm-in agreement and for general corporate purposes. All securities issued in connection with the offering will be subject to a four-month-and-one-day hold period in accordance with applicable securities laws.

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 Global Helium can access 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 significant 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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