Effective at the opening on Thursday, Nov. 11, 2021, the common shares and warrants of Total Helium Ltd. will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas company.

Prior to and in connection with the listing of the company's common shares on the exchange, the company's Form 2B listing application dated Nov. 8, 2021, has been filed with and accepted by the exchange.

Under the listing application, there will be 65,583,806 common shares issued and outstanding, including the automatic conversion of 12.5 million subscription receipts of the company. The subscription receipts were issued on Oct. 20, 2021, at a price of $1 per subscription receipt.

Each subscription receipt consists of one common share and one common share purchase warrant. The warrants will entitle the holder to purchase one common share at $2 per common share until Nov. 8, 2026, subject to accelerated expiry if the common shares of the company trade on the exchange at a price of $3 or more for 20 consecutive trading days, and subject to TSX-V issuing a bulletin regarding the accelerated expiry date and special trading rules.

Corporate jurisdiction:  British Columbia

Capitalization:  unlimited common shares with no par value, of which 65,583,806 common shares are issued and outstanding

Escrowed securities:  22,271,250 common shares and 221,250 common share purchase warrants subject to escrow

Transfer agent:  Computershare Trust Company of Canada

Trading symbol:  TOH

Cusip No.:  89157L 10 7

Sponsoring member:  none

Agent's warrants:  none

Capitalization on warrants:  12.5 million warrants, authorized by a warrant indenture dated Nov. 8, 2021, of which 12.5 million warrants are issued and outstanding

Warrant trading symbol:  TOH.WT

Warrant Cusip No.:  89157L 11 5

For further information, please refer to the company's Form 2B dated Nov. 8, 2021, and news release dated Nov. 9, 2021, which are available under the company's profile on SEDAR.