Mr. Thomas Abraham-James reports

PULSAR ANNOUNCES CLOSING OF FUNDRAISE

Further to the announcements on July 7 and July 8, 2026, Pulsar Helium Inc. has conditionally closed its fundraise of 25,393,329 offer shares at a price of 0.75 pound sterling (approximately $1.43 (Canadian)) per offer share for total gross proceeds of 19.0 million pounds sterling (approximately $25.5-million (U.S.)/$36.0-million (Canadian)). Closing of the fundraise remains subject to receipt of final approval from the TSX Venture Exchange.

The fundraise consisted of the issuance of 25,393,329 offer shares as follows:

• 23,895,801 new common shares pursuant to the placing, raising gross proceeds of approximately $24.0-million (U.S.) (equivalent to approximately 17.9 million pounds sterling/$34.1-million (Canadian));
• 1,000,866 new common shares pursuant to the subscription, with University Bancorp Inc. (as defined below) raising gross proceeds of approximately $1.0-million (U.S.) (equivalent to approximately 0.75 million pounds sterling/$1.4-million (Canadian)); and
• 496,662 new common shares pursuant to the retail offer, raising gross proceeds of approximately $500,000 (U.S.) (equivalent to approximately 0.4 million pounds sterling/$700,000 (Canadian).

The fundraise was conducted pursuant to Pulsar's Canadian base shelf prospectus dated Feb. 11, 2026, as supplemented by the company's prospectus supplement dated July 7, 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 offer shares sold pursuant to the fundraise, the offer shares will not be subject to any resale restrictions in Canada.

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. The prospectus supplement and the base shelf prospectus are accessible at SEDAR+.

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 by providing the contact with an e-mail address or mailing address, as applicable.

In consideration of the services rendered by Canaccord in connection with the placing, the company agreed to pay, subject to and conditional on admission, Canaccord: (i) a cash fee equal to 6 per cent of the total gross proceeds of the placing raised from investors introduced by Canaccord (plus value-added tax, if applicable); and (ii) a cash fee equal to 2 per cent of the total gross proceeds of the placing raised from cornerstone investors introduced by the company and the subscription (plus VAT, if applicable). In addition, in connection with the proceeds of the placing raised from a cornerstone investor introduced by the company, the company has agreed to pay an additional finder's fee in cash equal to 2 per cent of the total gross proceeds raised from such investors under the placing to an arm's-length third party finder, More Investments & Research Inc. In consideration of the services rendered by retail book in connection with the retail offer, a cash fee equal to 6 per cent of the gross proceeds of the retail offer was paid subject to a minimum of 20,000 pounds sterling.

About Pulsar Helium Inc.

Pulsar is a primary helium company advancing its flagship Topaz project in northeastern Minnesota and is home to one of North America's highest-grade primary helium discoveries, and includes a verified source of helium-3. Pulsar is committed to responsibly developing strategic helium resources that support innovation, economic growth and long-term supply security in the United States.

We seek Safe Harbor.