Receipt of Non-Binding $12.5M Project Financing

PULSAR HELIUM ANNOUNCES RECEIPT OF NON-BINDING US$12.5 MILLION PROJECT FINANCING EXPRESSION OF INTEREST FROM UNIVERSITY BANK, MICHIGAN

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce that University Bank, a Michigan-based banking company wholly owned by University Bancorp, Inc., has provided a non-binding expression of interest to provide Pulsar with project financing of up to US$12.5 million for the construction of a helium processing plant at the Company's wholly owned Topaz project in Minnesota, USA. University Bancorp, Inc. currently holds approximately 4.9% of Pulsar's issued share capital.

The Company also announces that University Bancorp, Inc. has extended the maturity date of the existing US$4 million project financing facility line of credit provided to Pulsar's subsidiary Keewaydin Resources, Inc. from March 31, 2026, to November 30, 2026, in consideration for a 0.75% extension fee on the current drawn amount of US$2.5 million (US$18,750), with the fee payable at maturity.

Thomas Abraham-James, President & CEO of Pulsar, commented:

"We are extremely grateful for University Bank's continued support and confidence in Pulsar. Their financing interest of lending Pulsar up to US$12.5 million for the construction of a helium processing plant marks another important step towards delivering the Topaz project into production. This potential funding, alongside the extension of our existing line of credit, strengthens our ability to move forward decisively with construction planning and execution."

The closing (the "Closing") of the proposed financing facility, which is subject to negotiation of definitive documentation and the satisfaction of specific conditions precedent (set out below), would bear interest at 12% per annum, with interest-only payments for the first twenty-four (24) months, followed by a full amortisation over five (5) years, with final maturity after seven (7) years. A 2% fee would be earned at Closing and payable at the end of the interest-only period.

Conditions to be satisfied prior to Closing include:

• Issuance of a final report by an independent resource estimator confirming sufficient proven helium reserves at the Topaz project to support a the construction of a helium plant;
• Receipt of all permits and legal title required for production at the Topaz project;
• Availability of sufficient working capital to fund the remaining plant construction costs and operations at the Topaz project through completion and for six months thereafter; and
• Approval by the Board of Directors of University Bank.

The proposed financing is non-binding and remains subject to negotiation of definitive agreements, satisfaction of all conditions precedent, and customary regulatory approvals.

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)

Ritchie Balmer / Rob Patrick

OAK Securities*

(Joint Broker)

Yellow Jersey

(Financial PR)

Charles Goodwin / Annabelle Wills

About Pulsar Helium Inc.