Mr. Greg Robb reports

HELIUM EVOLUTION ANNOUNCES FARMOUT WELL SPUD AT FOX, SIX MONTHS PRIOR TO DEADLINE

Helium Evolution Inc.'s farm-in partner, North American Helium Inc. (NAH), has spud the previously announced well located at 11-13-13-29W3 (test well No. 4) on farm-out lands within block 3 at Fox in Saskatchewan, pursuant to the farm-out agreement announced on Oct. 21, 2022. Test well No. 4 was originally scheduled to be spud before March 31, 2024, and today's spud date represents an acceleration of six months.

NAH is responsible for 100 per cent of the drilling costs for test well No. 4, while Helium Evolution retains a 20-per-cent working interest in that well, supporting the company's continued financial flexibility and capital conservation.

About Helium Evolution Inc.

Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly traded companies, focused on developing assets in southern Saskatchewan. The company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. The company's management and board are executing a differentiated strategy to become a leading supplier of sustainably produced helium for the growing global helium market.

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