Mr. Thomas Abraham-James reports

PULSAR HELIUM ANNOUNCES CLOSING OF FUNDRAISE

Pulsar Helium Inc., further to its news releases on Feb. 19, 2026, and Feb. 20, 2026, has conditionally closed its placing of 9,191,175 common shares of the company at a price of 80 pence (approximately $1.47 (Canadian)) per placing share for total gross proceeds of 7,352,940 pounds sterling (approximately $10.0-million (U.S.) or $13.7-million (Canadian)). Closing of the placing remains subject to receipt of final approval from the TSX Venture Exchange.

Net proceeds received pursuant to the placing will be used to advance Pulsar's flagship Topaz helium project in Minnesota, to progress the Falcon project in Michigan, and for general working capital and corporate purposes. At the Topaz project, the company intends to: undertake extended well testing and reservoir evaluation; conduct an additional seismic survey to enhance structural interpretation and reservoir modelling; consolidate and expand its mineral and leasehold interests; update the independent resource estimate; and complete a prefeasibility study for integrated helium and CO2 (carbon dioxide) production. The company also intends to place deposits on certain long-lead processing equipment for the contemplated helium recovery and CO2 capture facility. In addition, a portion of the proceeds is expected to support geophysical, geochemical and related exploration activities at the Falcon project.

In connection with the placing, OAK Securities (a trading name of Merlin Partners LLP) was paid an advisory fee of 20,000 pounds sterling (approximately $37,000 (Canadian)) and a cash fee in an amount of 441,176 pounds sterling (approximately $812,000 (Canadian)). The company also issued 551,470 non-transferable common share purchase warrants to OAK, with the broker warrants being exercisable for 12 months from the date of issue at a price of 80 pence (approximately $1.47 (Canadian)).

Additional information

The placing was conducted pursuant to Pulsar's Canadian base shelf prospectus dated Feb. 11, 2026, as supplemented by the company's prospectus supplement dated Feb. 19, 2026, relating to the placing, copies of which are available on the company's profile on SEDAR+. As the prospectus supplement and the base shelf prospectus qualify the distribution of the placing shares sold pursuant to the placing, the placing shares are not subject to any resale restrictions in Canada. Such documents are not prospectuses for the purposes of the FCA's prospectus rules, Admission to Trading on a Regulated Market, sourcebook.

Access to the prospectus supplement and the base shelf prospectus is provided in accordance with Canadian securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment thereto. An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment thereto may be obtained, without charge, from the company at connect@pulsarhelium.com

About Pulsar Helium Inc.

Pulsar Helium is a publicly traded company quoted on the 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 (the United States). Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, the Falcon project in Michigan (both in the U.S.) 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.

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