Mr. Thomas Abraham-James reports

PULSAR FILES FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER ENDED MARCH 31, 2026

Pulsar Helium Inc. has released its financial and operating results for the six months ended March 31, 2026.

Selected financial and operational information is outlined below and should be read in conjunction with the company's unaudited condensed interim consolidated financial statements and related management discussion and analysis for the six months ended March 31, 2026, 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 period:

• Between October, 2025, to March, 2026, the company drilled five core-hole wells at its flagship Topaz project in Minnesota, with all wells encountering gas under high pressure. The company is now obtaining quotes for the drilling of up to four new production wells to supplement the two production-ready wells already drilled.
• In May, 2026, Governor Tim Walz signed into law new legislation establishing a helium-specific framework for gas resource development in northeastern Minnesota, and the Minnesota Department of Natural Resources issued proposed expedited permanent rules for permitting gas resource development on May 18, 2026. These developments come amid a sharp tightening of global helium supply, driven by disruption to the Strait of Hormuz, attacks on QatarEnergy's Ras Laffan facilities (noting that Qatar supplies approximately 35 per cent of the world's helium) and new Russian export controls in place through the end of 2027. In the United States, some helium customers have already been subject to allocation measures and surcharge notices from major industrial gas suppliers, underscoring the urgent need for secure, domestic, primary helium supply.
• In May, 2026, the company completed the acquisition of certain surface land in Lake county, Minnesota, located within the Topaz project for a purchase price of $2.48-million cash.
• In January, 2026, two U.S. federal laboratories independently confirmed the helium-3 (3He) 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; both laboratories reported results consistent with prior analyses conducted by the Woods Hole Oceanographic Institution, confirming the presence of 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.

Acquisitions for the period:

• In March, 2026, the company completed the acquisition of 80 per cent of the common shares of Quantum Hydrogen Inc., a Texas corporation, through the issuance of 584,963 common shares. Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota that are located in St. Louis and Itasca counties to the west of the company's Topaz project. The company has the option to acquire the remaining 20 per cent of Quantum until May 3, 2027, for an additional $400,000 payable in common shares of the company.
• In January, 2026, the company completed the acquisition of 100 per cent of the common shares of Hybrid Hydrogen Inc. for total consideration of $105,000 cash. Hybrid holds an exclusive mineral rights option to lease in Michigan's Upper Peninsula, targeting non-hydrocarbon gases (primarily helium). The company now refers to this project as the Falcon helium project.

Financial highlights for the period:

• During the period, the company recorded exploration and evaluation expenditures of $6-million related to drilling at the Topaz project as described above.
• During the period, the company completed a private placement through the issuance of 9,191,175 common shares for gross proceeds of $9.9-million.
• During the period, the company issued 18,130,793 common shares on the exercise of warrants for gross proceeds of $4.7-million.
• During the period, the company issued 4.65 million common shares on the exercise of options for gross proceeds of $1.5-million.

Thomas Abraham-James, chief executive officer of Pulsar, commented: "During the period and postperiod, Pulsar has been driven by our intention to develop Topaz into a significant primary helium producer, building on growing momentum at the project as we move decisively toward production readiness. Recent legislative progress updating Minnesota's permitting framework for helium extraction provides a clearer pathway toward future production, and securing ownership of the surface land overlying our leased mineral rights provides Pulsar with increased operational control and long-term development certainty as we continue advancing Topaz toward production. The company is now obtaining quotes for the drilling of up to four new production wells to supplement the two production-ready wells already drilled. With our Jetstream exploration and appraisal program complete and production-well planning under way, we are moving fast. The disruption to Qatari and Russian supply has concentrated minds across the industry. Topaz is well positioned to be part of the solution, and we intend to get there."

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 and 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.

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