Mr. Greg Robb reports

HELIUM EVOLUTION ANNOUNCES SECOND JOINT WELL ENCOUNTERED HELIUM; COMPLETION AND TESTING TO PROCEED

Helium Evolution Inc.'s farm-in partner, North American Helium Inc. (NAH), has successfully completed drilling and is proceeding with casing of the second joint well at 9-18-3-8W3 (joint well No. 2), on lands near Mankota in Saskatchewan. NAH will complete, test and evaluate the well in the coming weeks to confirm the presence of helium and assess commerciality of the potential helium discovery. Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce that its farm-in partner, North American Helium Inc. ("NAH"), has successfully completed drilling and is proceeding with casing of the second joint well at 9-18-3-8W3 ("Joint Well #2"), on lands near Mankota in Saskatchewan. NAH will complete, test and evaluate the well in the coming weeks to confirm the presence of helium and assess commerciality of the potential helium discovery.

HEVI also confirms that the NAH farm-out well at 9-35-3-9W3 ("Test Well Area #1") is scheduled to spud in early January, subject to surface conditions and rig availability. Test Well Area #1 is located on native prairie lands where regulatory requirements only allow drilling access when the ground is frozen, which had previously delayed the spud timing as announced November 21, 2023 .

About Helium Evolution Incorporated

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. HEVI'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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