1st Quarter Results

PULSAR ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER ENDED DECEMBER 31, 2024

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), the helium project development company, is pleased to announce its financial and operating results for the three months ended December 31, 2024 (the "Period").

Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and related management's discussion and analysis (the "MD&A") for the Period, which are available on the Company's website at www.pulsarhelium.com and at the following links:

• Financial Statements: http://www.rns-pdf.londonstockexchange.com/rns/6260Y_1-2025-2-27.pdf
• MD&A: http://www.rns-pdf.londonstockexchange.com/rns/6260Y_2-2025-2-27.pdf

All figures are in US dollars ("US$") unless otherwise stated.

Operational Highlights

• The deepening operation at the Jetstream #1 appraisal well, reached its target depth of 5,100 feet on January 11, 2025. Initial data supports the Company's interpreted larger helium-bearing reservoir zone with multiple helium zones encountered throughout the deepening operation from 2,200 feet to 5,100 feet.
• Mud log gas levels containing up to 7.24% helium were encountered - these are likely to be contaminated by air and therefore it is expected uncontaminated samples, once collected, will report a higher and truer helium concentration.
• Results of the October 2024 Topaz 2D seismic survey showed a continuous reflective package at the helium-bearing interval encountered at Jetstream #1, extending 1.5km to the west and 2km to the east of the well.
• The Company completed a drilling operation at the Jetstream #2 appraisal well, reaching total depth of 5,638 feet (1,718 metres) on February 1, 2025. Mud log data reported helium levels up to 3.5%, which again was contaminated with air and uncontaminated samples, once collected, are expected to report higher and truer levels.
• On February 20, 2025, the Company announced that down-hole testing equipment is scheduled to mobilise to site on February 24, 2025. The tools consist of an optical televiewer and LithoScanner, both of which will be run on both the Jetstream #1 and #2 appraisal wells. These tests will further refine the Company's understanding of the reservoir properties and production potential.
• In January 2025, the Company received the interpretation of a passive seismic survey conducted at the Kap Tobin prospect within the Tunu Project, Greenland.

Financial Highlights

• On October 18, 2024, the Company's common shares commenced trading (the "Admission") on the AIM market of the London Stock Exchange plc ("AIM") under the symbol PLSR.
• Concurrent with Admission, the Company completed of a total gross funding of £5 million which included the £1.125 million cornerstone investment completed in August 2024.
• On December 30, 2024, the Company announced that it is arranging a brokered private placement of up to 19,736,842 common shares of the Company to select US based investors at a price of $0.38 per common share to raise up to $7.5 million.
• On January 9, 2025, the Company closed the first tranche of the private placement raising $2 million through the issuance of 5,263,160 common shares at a purchase price of $0.38 per common share. The first tranche includes participation from US institutional investors, including University Bancorp, Inc. which now holds 4.99% of the issued and outstanding common shares of the Company.
• Net proceeds raised from the second tranche of the private placement will, once closed, increase the Company's working capital base, and enable the Company to accelerate its strategic plan for the exploration and development of the Topaz project, including working towards a final investment decision (FID) for the construction of a combined helium and CO2 production facility.

Selected Financial Results for the Period

The loss for the three months ended December 31, 2024, was $3,748,175 compared to $1,165,924 for the three months ended December 31, 2023.

The significant changes between the current period and the comparative period are discussed below.

During the three months ended December 31, 2024, the Company paid or accrued consulting fees of $160,400 (2023 - $102,634) primarily to executive officers of the Company. The Company also paid or accrued director fees of $39,150 during the three months ended December 31, 2024 (2023 - $20,000). Increases period over period are due to increases in fees effective June 1, 2024.

During the three months ended December 31, 2024, the Company recorded exploration and evaluation expenditures of $1,046,631 (2023 - $403,281) as it prepared to deepen Jetstream #1 and drill Jetstream #2 at the Topaz project as described above.

Marketing and promotion expenses for the three months ended December 31, 2024 were $114,806 compared to $314,633 for the prior period. The Company was listed for trading on the TSX-V in August 2023 and significantly increased its advertising and investor awareness campaign since becoming a public company. During the current period, the Company had fewer investor awareness campaigns in place.

During the three months ended December 31, 2024, the Company recorded non-cash share-based compensation of $183,493 (2023 - $Nil) on performance share units vested during the period.

As described above, the Company's common shares commenced trading on the AIM market of the London Stock Exchange plc on October 18, 2024. During the three months ended December 31, 2024, the Company incurred listing fees of $376,627 towards this transaction.

Share purchase warrants issued in connection with unit offerings are recorded as warrant liabilities as the currency denomination of the exercise price is different from the functional currency of the Company. During the three months ended December 31, 2024, the Company recorded a non-cash revaluation loss of warrant liability of $1,430,571 (2023 - $172,606).

Outlook

• The deepening of Jetstream #1 is a pivotal step in advancing Pulsar's strategy to commercialise its helium discovery in the US.
• Reservoir data from Jetstream #2 including porosity, permeability and well connectivity will be utilised in the next iteration of

resource estimation, production modelling, and further appraisal well planning.

• Down-hole wireline logs will be collected, and an optical televiewer run at both Jetstream #1 and #2. Flow testing and pressure build-up monitoring are planned for both wells in March 2025 following a post-drill stabilisation period.

Thomas Abraham-James, President & CEO of Pulsar, commented: "We are delighted to have completed the successful deepening of Jetstream #1 and the spudding and completion of Jetstream #2 early this year. The multiple helium zones encountered in Jetstream #1 reported up to 7.24% helium that were diluted by air. Jetstream #2 successfully penetrated the entire interpreted helium-bearing interval, and beyond. Mud log gas levels containing up to 3.5% helium (diluted by atmospheric air) were encountered during drilling. Pulsar management is encouraged by these results which support our belief in Topaz being a material commercial helium discovery.

We look forward to completing the additional down-hole data gathering and pressure build-up monitoring planned for March 2025. All these data will provide information for the next iteration of resource estimating, production modelling, and further appraisal well planning.

In October 2024, Pulsar dual listed on the AIM market of the London Stock Exchange, simultaneously raising £5 million, including a £1.125 million pre-AIM listing investment. This marked an exciting step for the Company, which has enabled UK investors to join Pulsar on its journey aiming to become a key supplier of helium, helping to address the global supply gap.

I look forward to sharing the data that we collect in the subsequent operations, and revealing how it informs future developments and the understanding of our project."

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

Pulsar Helium Inc.

+ 1 (218) 203-5301 (USA/Canada)

+44 (0) 2033 55 9889 (United Kingdom)

Strand Hanson Limited

(Nominated & Financial Adviser, and Joint Broker)

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(Joint Broker)

BlytheRay Ltd

(Financial PR)

Megan Ray / Said Izagaren

About Pulsar Helium Inc.

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