Helium Offtake Agreement Extended Through Q1 2027

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, notes the Blue Star Helium (ASX:BNL) ("Blue Star" or "Operator") announcement issued yesterday regarding the Galactica Project, and is replicated below.

Operator Reported Highlights

• With a fourth trailer delivered and the fifth being filled, the Operator and its current offtake partner have agreed to extend their offtake agreement through Q1 2027
• The extended Agreement continues to cover all helium produced at the Pinon Canyon Plant
• Negotiations on longer-term offtake arrangements continue

The Operator advises that the helium purchase and sales agreement announced on 4 June 2026 has been extended. The Agreement was due to expire on 31 August 2026 and now runs to 31 March 2027.

The counterparty is unchanged and remains the premier publicly listed United States corporation described in the Operator's announcement of 4 June 2026. As previously advised, commercial in confidence pricing and the identity of the purchaser remain confidential in accordance with standard industry practice. The Operator confirms it does not consider the identity of the counterparty to be information that a reasonable person would expect to have a material effect on the price or value of the Operator's securities.

The extended Agreement continues to cover any and all helium produced at the Pinon Canyon Plant, the processing facility for the Galactica Project undertaken in the joint venture. Pricing is fixed for the extended term and continues to reflect prevailing United States helium market conditions.

The extension provides continuity of delivery and revenue through to the end of Q1 2027 while the Operator continues to negotiate wider, longer-term offtake arrangements.

Separately, a fourth tube trailer of helium has been delivered and a fifth is being filled from the Pinon Canyon Plant at the Galactica Project in Las Animas County, Colorado. Ongoing trailer exchanges continue to proceed on a scheduled basis.

The Joint Venture will continue to report significant operational and commercial developments as they occur.