Mr. Thomas Abraham-James reports

PULSAR HELIUM FILES FINANCIAL AND OPERATING RESULTS FOR THE YEAR ENDED SEPTEMBER 30, 2025

Pulsar Helium Inc. has released its financial and operating results for the year ended Sept. 30, 2025.

Selected financial and operational information is outlined below and should be read in conjunction with the company's audited consolidated financial statements and related management discussion and analysis for the year ended Sept. 30, 2025, which are available on the company's website and the company's SEDAR+ profile.

All figures are in U.S. dollars unless otherwise stated.

Operational highlights for the year:

• In early 2025, the company completed a deepening operation for the Jetstream No. 1 appraisal well. The drilling operation reached total depth of 5,100 feet (1,555 metres) on Jan. 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. The Jetstream No. 1 appraisal well previously reached total depth of 2,200 feet (671 metres) on Feb. 27, 2024, identifying high helium concentrations of up to 14.5 per cent, well above the 0.3-per-cent widely accepted economic threshold, and CO2 (carbon dioxide) concentrations exceeding 70 per cent -- with the latter expected to further contribute to the project economics.
• In early 2025, the company drilled the Jetstream No. 2 appraisal well. The drilling operation reached total depth of 5,638 feet (1,718 metres) on Feb. 1, 2025, successfully penetrating the entire interpreted helium-bearing interval and beyond.
• Laboratory analysis of the results of the Jetstream No. 1 and Jetstream No. 2 wells confirms sustained average helium concentrations of 8.1 per cent in Jetstream No. 1 and 5.6 per cent in Jetstream No. 2 during flow testing. Jetstream No. 1 had a range of helium concentration of 5.9 per cent to 14.5 per cent and Jetstream No. 2 had a range of 4.3 per cent to 6.5 per cent.

Operational highlights postyear:

• In October, 2025, the company began a drill program to drill up to 10 wells. The drilling program's primary goal is to delineate the extent and productivity of the helium reservoir at Topaz. Data from these core wells, including gas shows, core samples and downhole measurements, will enable Pulsar to map reservoir continuity between the well locations and to identify optimal areas for future production. The company has completed three holes to date, with five wells expected to be completed in total.
• In January, 2026, two U.S. federal laboratories independently confirmed the helium-3 isotope concentration from the Topaz project. The U.S. Geological Survey Noble Gas Laboratory in Denver and Lawrence Livermore National Laboratory in California each analyzed raw gas samples from the Jetstream No. 1 well, with both labs reporting values closely matching those verified by the Woods Hole Oceanographic Institution, confirming the presence of helium-3 (3He) in the gas with a concentration range of 11.2 to 11.9 parts per billion and associated with 7.7 to 8.0 per cent helium-4 (4He), respectively.

Financial highlights for the year and postyear:

• On Oct. 18, 2024, the company's common shares commenced trading on the AIM (Alternative Investment Market) of the London Stock Exchange PLC under the symbol PLSR. Concurrent with admission, the company completed a fundraising through the issuance of 15.5 million common shares at a price of 25 pence for gross proceeds of $5,010,985 (3,875,000 British pounds).
• In January and March, 2025, the company completed a brokered private placement, in two tranches, through the issuance of 6,388,154 common shares at a purchase price of 38 cents per share for gross proceeds of $2,427,498.
• In August, 2025, the company completed a private placement through the issuance of 16,174,338 common shares at a price of 23 pence per share for total gross proceeds of $5,034,846 (3,720,100 British pounds).
• Postyear, the company issued 17,490,684 common shares on the exercise of warrants for proceeds of $6,332,394 (Canadian) and issued 2.2 million common shares on the exercise of options for proceeds of $990,000 (Canadian).

Outlook:

• The successful deepening of the Jetstream No. 1 appraisal well represents a significant step in advancing Pulsar's strategy to delineate and ultimately commercialize the Topaz helium resource. The deepened well has provided additional geological, pressure and gas composition data across the full interpreted height of the helium-bearing reservoir, informed by recently acquired seismic data, prior drilling results and on-site testing.
• The Jetstream No. 2 appraisal well has further expanded Pulsar's understanding of reservoir characteristics at the Topaz project, providing additional information on reservoir continuity and properties that will be incorporated into future resource estimation, production modelling and appraisal planning.
• Data collected from Jetstream No. 1 and Jetstream No. 2, together with information from the continuing multiwell drilling program initiated in October, 2025, will be integrated into the next phase of technical evaluation, supporting decisions around future appraisal drilling, development planning and potential production scenarios.

Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "The year was transformative for Pulsar. During the year, our flagship Topaz project in Minnesota delivered some of the highest helium concentrations ever reported from a natural gas system, with measured values of up to 14.5 per cent helium, significantly above the 0.3-per-cent concentration generally regarded as commercially viable.

"The acquisition and interpretation of seismic data during the year strengthened our geological model and underpinned our decision to deepen the Jetstream No. 1 appraisal well and advance further appraisal drilling. Postyear, the Jetstream No. 1 well was successfully deepened to 5,100 feet, encountering multiple helium-bearing intervals and further validating the scale of the system.

"The drilling of the Jetstream No. 2 appraisal well and the subsequent collection of geological, pressure and gas composition data have expanded our understanding of reservoir continuity and properties across the Topaz project. Together, these results will inform future resource estimation, production modelling and appraisal planning as we continue to advance the project.

"The company's admission to the AIM market of the London Stock Exchange during the year, alongside a successful five-million-British-pound fundraising, marked an important milestone for Pulsar. The dual listing has broadened our investor base and provides a strong platform as we progress toward our objective of becoming a meaningful supplier of helium into a tightening global market."

About Pulsar Helium Inc.

Pulsar Helium is a publicly traded company quoted on the AIM 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 regarding the Topaz project. 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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