Mr. Thomas Abraham-James reports

PULSAR HELIUM ANNOUNCES COMPLETION OF JETSTREAM #5 AND MOBILIZATION TO COMMENCE JETSTREAM #6 AT THE TOPAZ HELIUM PROJECT, USA

Drilling of Jetstream No. 5 at Pulsar Helium Inc.'s flagship Topaz project in Minnesota, United States, has been completed, drilled to a total depth (TD) of 3,839 feet (1,170 metres). As reported earlier (news releases dated Jan. 9, 2026, and Dec. 8, 2025) multiple pressurized gas influxes were encountered at depths of 837 feet (255 metres), 1,481 feet (451 metres) and 2,857 feet (871 metres). The bottom-hole pressure at 2,857 feet is estimated at approximately 1,292 pounds per square inch, the highest recorded to date at Topaz. The drill rig has now mobilized to Jetstream No. 6 and commenced drilling on Jan. 27, 2026.

Summary of Jetstream No. 5

The Jetstream No. 5 appraisal well has been successfully completed to a total depth of 3,839 feet, further advancing the company's multiwell appraisal program. During drilling, Jetstream No. 5 intersected multiple pressurized gas zones, with initial gas encountered at approximately 837 feet, followed by a second gas-bearing interval at approximately 1,481 feet, where a preliminary bottom-hole pressure of approximately 662 pounds per square inch was calculated. As drilling progressed, an additional deeper gas influx was intersected at approximately 2,857 feet, where the calculated bottom-hole pressure increased significantly to approximately 1,292 pounds per square inch, representing the highest pressure recorded to date at the Topaz project. Gas influx was consistently observed during drilling operations, particularly during pauses in circulation, indicating sustained gas presence and a strongly pressurized reservoir system. While removing the drill string from the well at total depth, difficulties were encountered and 1,239 feet of drill string were left in the well. The company is evaluating all options and plans to return to Jetstream No. 5 in April of this year to retrieve or bypass the segment of stuck drill string and allow the full logging and flow testing of the entire 3,839 feet of formation.

New appraisal well Jetstream No. 6

Drilling of the Jetstream No. 6 appraisal well commenced Jan. 27, with a designed TD of 3,000 feet (914 metres), with the possibility of deepening to 5,000 feet (1,524 metres). The appraisal well is located 1.3 miles (2.1 kilometres) to the southwest of Jetstream No. 1, another considerable stepout with the intention of increasing the size of the Topaz resource.

Flow testing and pressure buildup program

Pulsar is preparing to move forward with a co-ordinated testing program on the Jetstream No. 3 and No. 4 anticipated to commence in late February, 2026. The program is expected to consist of a period of flow testing, followed by a period of pressure buildup. The test is planned to run for approximately six weeks per well. Pulsar will also be conducting as gas sample program during the flow period at the direction of Peter Barry. Interim results will be released to the market as data are received and verified by the company.

About the Topaz project

The Topaz project is located in northern Minnesota, United States, where Pulsar is the first mover in helium exploration and holds exclusive leases over the project area. Topaz is a primary helium discovery that contains helium-4, helium-3 and CO2 (carbon dioxide), not associated with primarily hydrocarbon production. Multiple wells drilled by Pulsar have confirmed a laterally extensive helium-rich gas reservoir beneath the project lands. These results appear to indicate a high-quality helium resource. The continuing Jetstream multiwell appraisal program at Topaz is designed to map out the reservoir's extent, pressure regime and gas composition, which will inform resource estimation and development planning.

About Pulsar Helium Inc.

Pulsar Helium is a publicly traded company quoted on the AIM (Alternative Investment Market) of the London Stock Exchange (United Kingdom) and listed on the TSX Venture Exchange with the ticker PLSR (Canada) as well as on the OTCQB with the ticker PSRHF (United States). Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, the Falcon project in Michigan (both in the United States) and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.

Qualified person sign-off

In accordance with the AIM note for mining and oil and gas companies, the company discloses that Brad Cage, vice-president, engineering, and an officer of the company, has reviewed the technical information contained herein. Mr. Cage has approximately 25 years in the oil and gas industry, is a member of the Society of Petroleum Engineers, and is a licensed professional petroleum engineer in Oklahoma, United States.

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