Signing Ceremony and Advisors Appointed

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, is pleased to announce that the formal signing ceremony for the award of the Company's Mining Licence over the southern Rukwa Helium Project was held on Saturday 2 May 2026.

Signing Ceremony for the Southern Rukwa Helium Project Mining Licence

The ceremony, held in the Songwe region of Tanzania close to the Company's flagship development project, marks the formal completion and execution of the agreements that support the Mining Licence which was awarded to the Company in July 2025. The Company and the Government of Tanzania have now executed the Framework Agreement, and the Shareholders' Agreement under the newly formed joint venture company, Songwe Helium Ltd, in which Helium One holds an 83% interest.

Lorna Blaisse, Chief Executive Officer, and Graham Jacobs, Commercial and Finance Director, together with the Directors of Songwe Helium Ltd. and the Company's senior in-country team attended the ceremony with representatives from the Government of Tanzania, Ministry of Minerals and the Mining Commission.

The Mining Licence is the first helium licence awarded in Tanzania, and covers an area of 480km2, the largest mining licence area ever awarded in the country.

Farm Out Advisors Appointed

The Company is also pleased to announce that PVE Consulting Ltd ("PVE") have been formally engaged to lead the farm-out process for the southern Rukwa Helium Project. PVE is an international advisory consulting firm with 20 plus years' experience providing management services across the upstream sector. PVE has been engaged by a number of companies across Africa and other regions on high-level mandates in transaction support and exploration and production campaigns.

PVE have been mandated to progress discussions with potential industry partners and seek external investment to advance the project towards development.

Lorna Blaisse, CEO of Helium One, commented:

"This event marks a historic milestone for both the Company, and for the Government of Tanzania. It marks the continuation of a ten-year relationship between Helium One and the Ministry of Minerals and Mining Commission.

We look forward to continuing this partnership with the Government going forward, under the joint venture company, Songwe Helium Ltd, particularly at such a crucial time for the helium sector as demand for this critical resource continues to rise.

I wish to thank the Government of Tanzania, the University of Dar es Salaam, all our stakeholders and the local communities where we operate who have all continued to support us as we progress this globally strategic project towards its development. I also wish to thank the Helium One team for their continued hard work in delivering this project.

This milestone comes at a time where we are also focused on launching our strategic farmout process for the southern Rukwa Project to select a suitable industry partner and we are pleased to have appointed PVE to lead this process.

We look forward to providing further updates as we drive forward the development of our southern Rukwa Helium Project."