Security Based Compensation, Option Exercise / TVR
Pulsar Helium Inc. announced on April 25, 2026, that its Board of Directors awarded security-based compensation, including 5,400,000 stock options at CAD$1.60 per share, 850,000 performance share units, and 1,050,000 restricted share units to directors and senior management to align their interests with shareholder value. Additionally, 1,000,000 stock options were exercised on April 24, 2026, for CAD$690,000 in proceeds, resulting in 1,000,000 new common shares expected to be admitted to AIM on April 30, 2026, bringing the total shares in issue to 186,224,719.
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| NEWS RELEASE | APRIL 27, 2026 | CASCAIS, PORTUGAL |
PULSAR HELIUM AWARDS SECURITY BASED COMPENSATION, STOCK OPTION EXERCISE AND TVR
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a primary helium company, announces that on April 25, 2026, the Board of Directors (the "Board") awarded security-based compensation awards to directors and several members of the senior management team, designed to further increase alignment of such personnel with growth in shareholder value and the future success of the Company.
The Board awarded:
a total of 5,400,000 stock options, including 3,950,000 to officers and directors of the Company. The stock options were granted pursuant to the Company's Stock Option Plan and give the optionee the right to purchase one common share (a "Share") at a purchase price of CAD$1.60 per Share, being the Company's closing share price on the TSX Venture Exchange on Friday, April 24, 2026, for a period of five years from the date of grant. The stock options granted to the Board of the Company are to vest immediately, and the stock options awarded to officers and consultants of the Company are to vest as to 25% immediately, and 25% each year thereafter.
a total of 850,000 performance share units ("PSUs") were awarded, including 750,000 to two officers of the Company, under the Company's Equity Incentive Plan. The PSUs vest as to one-third each on the first, second and third anniversaries of the award date.
a total of 1,050,000 restricted share units ("RSUs") were awarded to an officer of the Company, under the Company's Equity Incentive Plan. The RSU vests as to one-third each on the first, second and third anniversaries of the award date
The stock option grant, PSU and RSU awards are pursuant to the Company's shareholder approved Stock Option Plan and Equity Incentive Plan, which conform to the policies of the TSX Venture Exchange.
Summary of stock options and PSUs granted to officers and members of the Board:
| Equity Award Type | Name and Title | Number of Equity Award | Terms |
|---|---|---|---|
| Stock options | Thomas Abraham-James, Chief Executive Officer and Director | 1,350,000 | Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant. |
| Stock options | Neil Herbert, Executive Chairman and Director | 1,150,000 | Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant. |
| Stock options | Stephen Ranzini, Deputy Chair and Director | 350,000 | Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant. |
| Stock options | Dan O'Brien, Chief Financial Officer and Director | 300,000 | Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant. |
| PSU | Dan O'Brien, Chief Financial Officer and Director | 300,000 | Vest as to one-third each on the first, second, and third anniversaries of the award date. |
| Stock options | Jón Ferrier, Director | 400,000 | Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant. |
| Stock options | Doris Meyer, Director | 400,000 | Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant. |
| PSU | Clifford Cain, President | 450,000 | Vest as to one-third each on the first, second, and third anniversaries of the award date. |
| RSU | Clifford Cain, President | 1,050,000 | Vest as to one-third each on the first, second, and third anniversaries of the award date. |
The PDMR notification forms below set additional information.
Stock Option Exercise
In addition, the Company notes that on April 24, 2026, 1,000,000 stock options, issued pursuant to the Company's shareholder and TSX Venture Exchange approved Stock Option Plan, were exercised at an exercise price of CAD$0.69, and generated cash proceeds for the Company of CAD$690,000.
Admission to AIM and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission of the 1,000,000 new common shares issued pursuant to abovementioned stock option exercise, to be admitted to trading on AIM, which is expected to occur and dealings commence at 8.00 a.m. on or around April 30, 2026. The new common shares will rank pari passu with the Company's existing common shares.
On Admission, the total number of common shares in issue will be 186,224,719 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.
On behalf of Pulsar Helium Inc.
"Thomas Abraham-James"
Director and CEO
Pulsar Helium Inc.
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
Strand Hanson Limited
(Nominated & Financial Adviser, and Broker)
Ritchie Balmer / Rob Patrick
Yellow Jersey PR Limited
(Financial PR)
Charles Goodwin / Annabelle Wills
PDMR Notification Forms:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Thomas Abraham-James, Director and Chief Executive Officer |
| 2. | Reason for the Notification | |
| a) | Position/status | Director and Chief Executive Officer |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Stock Options over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of Stock Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) C$1.60 1,350,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Cambrian Limited is a PCA of Neil Herbert, Executive Chairman and Director of the Company |
| 2. | Reason for the Notification | |
| a) | Position/status | Executive Chairman and Director |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Stock Options over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of Stock Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) C$1.60 1,150,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Stephen Lange Ranzini, Deputy Chair and Director |
| 2. | Reason for the Notification | |
| a) | Position/status | Deputy Chair and Director |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Stock Options over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of Stock Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) C$1.60 350,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Dan O'Brien, Director and Chief Financial Officer |
| 2. | Reason for the Notification | |
| a) | Position/status | Director and Chief Financial Officer |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Performance Share Units (PSUs) over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of PSUs |
| c) | Price(s) and volume(s) | Price(s) Volume(s) N/A 300,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Dan O'Brien, Director and Chief Financial Officer |
| 2. | Reason for the Notification | |
| a) | Position/status | Director and Chief Financial Officer |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Stock Options over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of Stock Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) C$1.60 300,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jón Ferrier, Director |
| 2. | Reason for the Notification | |
| a) | Position/status | Director |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Stock Options over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of Stock Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) C$1.60 400,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Doris Meyer, Director |
| 2. | Reason for the Notification | |
| a) | Position/status | Director |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Stock Options over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of Stock Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) C$1.60 400,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Cliff Cain, President |
| 2. | Reason for the Notification | |
| a) | Position/status | President |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Performance Share Units (PSUs) over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of PSUs |
| c) | Price(s) and volume(s) | Price(s) Volume(s) N/A 450,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Cliff Cain, President |
| 2. | Reason for the Notification | |
| a) | Position/status | President |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Pulsar Helium Inc. |
| b) | LEI | 254900ZCNH1VXNBQY881 |
| a) | Description of the Financial instrument, type of instrument | Restricted Share Units (RSUs) over Shares |
| Identification code | CA7459321039 | |
| b) | Nature of the Transaction | Grant of RSUs |
| c) | Price(s) and volume(s) | Price(s) Volume(s) N/A 1,050,000 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | April 25, 2026 |
| f) | Place of the transaction | Outside trading venue |
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