Mr. Malcolm Adams reports

HELIUM EVOLUTION ANNOUNCES SASKATCHEWAN LAND TENURE COST SAVINGS, ADJACENT CROWN LAND SALE RESULTS, AND OTCQB LISTING

Helium Evolution Inc. has made three recent developments reinforcing the value of its Saskatchewan land base and broadening its access to capital markets: a material reduction in land retention costs following updated provincial regulations; strong competitive bidding for adjacent Crown helium lands in the Province's most recent public land offering; and the commencement of trading of the company's common shares on the OTCQB Venture Market in the United States.

Saskatchewan land tenure update

The government of Saskatchewan has updated its helium land tenure framework, materially reducing the company's land retention costs and extending tenure certainty across its Saskatchewan land base.

Under the revised framework, over five million acres of Helium Evolution's Crown helium lands will be eligible for conversion to new six-year terms at annual rental rates ranging between two cents and 10 cents per acre, while approximately 0.1 million acres have been converted to 21-year leases at a revised rate of 50 cents per acre through 2030. This reduction in land carrying costs will allow the company to allocate capital toward higher-impact helium exploration and development activities, expected to continue in the fourth quarter of 2026.

The updated framework reflects the thoughtful policy approach of the Saskatchewan Ministry of Energy and Resources, under the leadership of Minister Chris Beaudry, recognizing that helium exploration and development cycles are generally longer than conventional oil and gas cycles before commercial production is achieved. The new land tenure framework acknowledges the substantial exploration and development investment already made by Helium Evolution and other helium developers in establishing Saskatchewan as a commercial helium basin and creates policy certainty to support further private investment.

"Saskatchewan has established itself as one of the most competitive jurisdictions in the world for helium development, with a 4.25-per-cent royalty rate, a modernized land tenure system, and now this latest land sale result reinforcing the value of a basin that continues to attract serious capital," said Malcolm Adams, president and chief executive officer of Helium Evolution. "Together, these developments underscore both the improving economics of our existing land position and the growing recognition of Southern Saskatchewan as a world-class helium basin.

"For HEVI, this is a meaningful and positive policy change," said Mr. Adams. "It reduces our annual land carrying costs by more than 90 per cent, strengthens the value of our Saskatchewan land position, and allows us to direct more capital toward exploration and development for the benefit of our shareholders."

Saskatchewan Crown land offering results

Separately, the Province's most recent Crown helium and associated gases public offering, held June 22, 2026, generated total proceeds of approximately $15.9-million across 660,597 acres. Bidding was particularly strong for parcels located adjacent to Helium Evolution's northeast land, with the winning bids on multiple parcels ranging between approximately $41 and $81 per acre, materially above the offering's overall average. Helium Evolution views this result as continued third party validation of the value of its Saskatchewan land base.

Helium Evolution operates within a proven helium basin with established commercial production dating back to 1963 and is strategically positioned to serve growing global demand across North American, European and Asian markets for decades to come. Saskatchewan's resource base, established service sector, competitive royalty framework and modernized land tenure system provide a strong foundation for continued helium industry growth, including the potential to support helium liquefaction capacity in Canada and strengthen domestic liquid helium supply security.

Helium Evolution extends its appreciation to the Government of Saskatchewan, the Ministry of Energy and Resources and Minister Chris Beaudry for their leadership and constructive engagement with the helium industry. The company looks forward to continuing to work with the province, industry partners and other stakeholders as it advances its exploration and development projects over the next decade.

OTCQB listing

Helium Evolution is also pleased to announce that its common shares have commenced trading on the OTCQB Venture Market in the United States under the symbol HEEVF. Helium Evolution's common shares will continue to trade on the TSX Venture Exchange under the symbol HEVI.

"Trading on the OTCQB is an important milestone for Helium Evolution," said Mr. Adams. "It puts our story directly in front of U.S. investors at a pivotal time, as we advance our helium exploration and development program in Saskatchewan."

The OTCQB listing is expected to provide several benefits to the company and its shareholders, including:

• Direct trading access for U.S. retail and institutional investors;
• Improved trading liquidity in the U.S. market;
• Simplified trading through existing U.S. brokerage accounts;
• Greater exposure to North American energy and resource-focused investment audiences.

Helium Evolution remains focused on progressing its exploration portfolio in Southern Saskatchewan and advancing its previously announced seismic interpretation and drilling programs.

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. Helium Evolution'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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