Mr. David Young reports

ROYAL HELIUM LTD. FILES FOR CREDITOR PROTECTION

Royal Helium Ltd. and its subsidiaries, Royal Helium Exploration Ltd. and Imperial Helium Corp., have filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (the BIA).

The company has been actively pursuing an out-of-court restructuring solution, which included, among other things, initiatives to raise additional capital to meet working capital needs, creditor obligations and finance engineering requirements to appropriately recommission the Steveville helium facility. Following such review and after careful consideration of all available alternatives, and consultation with counsel, the board of directors of the company determined that it is in the best interests of the company and its stakeholders to file for protection under the BIA.

The filing under the BIA includes, among other things: (i) a stay of proceedings in favour of the company, and (ii) the appointment of Doane Grant Thornton LLP as the proposal trustee of the company.

The company sought creditor protection under the BIA in order to obtain a stay of proceedings that will allow the company to work with the trustee to facilitate the development of an orderly process designed to streamline its interim administrative and operational needs and conduct a court-supervised sales process to obtain a going-concern solution for its operations and maximize the value of the company's assets for the benefit of its stakeholders.

The board of directors of the company will remain in place and management will remain responsible for the day-to-day operations of the company, under the general oversight of the proposal trustee.

It is anticipated that TSX Venture Exchange will place the company under delisting review and there can be no assurance as to the outcome of such review or the continued qualification for listing on the TSX-V.

Other recent events

As the company has been working toward a restructuring solution, the company's vice-president of geology (Shayne Neigum), who had also been acting in the capacity of its chief operating officer, resigned from the company to pursue other opportunities. The company expresses its appreciation for Mr. Neigum's contributions to the business and wishes him the best in his future activities.

About Royal Helium Ltd.

Royal is an exploration, production and infrastructure company with a primary focus on the development of helium and associated gases. The company's extensive footprint includes prospective helium permits and leases across Southern Saskatchewan and southeastern Alberta.

Royal's helium reservoirs are carried primarily with nitrogen. Nitrogen is not considered a greenhouse gas (GHG) and therefore has a low GHG footprint when compared to other jurisdictions that rely on large scale natural gas production for helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 90-per-cent less carbon intensive than helium extraction processes in other jurisdictions.

We seek Safe Harbor.