Pulsar Helium closes Hybrid Hydrogen acquisition

Mr. Thomas Abraham-James reports PULSAR HELIUM ANNOUNCES ACQUISITION OF MICHIGAN HELIUM EXPLORATION ASSETS-FOCUSED GAS EXPLORATION COMPANY Pulsar Helium Inc. has acquired 100 per cent of Hybrid Hydrogen Inc. for total consideration of $80,000 (U.S.), superseding the all-share structure previously announced on Oct. 27, 2025. Hybrid's primary asset is an exclusive mineral rights option to lease covering approximately 5,742 gross acres in Michigan's Upper Peninsula, targeting non-hydrocarbon gases (primarily helium). This strategic acquisition marks Pulsar's first entry into Michigan, a jurisdiction with a well-established gas regulatory framework now being applied to helium exploration, and forms part of the company's broader initiative to expand its Upper Midwest footprint. Highlights: Helium-focused land package: Hybrid holds an exclusive option to lease for mineral rights for non-hydrocarbon gases in Michigan's Upper Peninsula (approximately 5,742 acres). These rights provide Pulsar with a foothold in a geologically prospective new region for helium exploration. Low-cost acquisition: The minimal cash outlay of $80,000 (U.S.) allows Pulsar to expand its asset base without significantly impacting its treasury, ensuring the company's resources remain focused on the flagship Topaz helium project in Minnesota. Alignment with growth strategy: Expansion into Michigan aligns with Pulsar's strategy of leveraging Topaz expertise into geologically similar regions, reinforcing the company's disciplined helium-focused growth trajectory. Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "This is a remarkably low-cost entry into Michigan that strengthens our helium exploration portfolio. The Michigan acreage is geologically analogous to our Topaz project, offering a technically familiar growth opportunity. For a modest price, we are expanding into an area where we can leverage our team's existing expertise, all while staying true to our disciplined, helium-focused expansion strategy." Terms of the transaction Pulsar acquired all of the issued and outstanding shares of Hybrid from Hybrid's shareholders for total cash consideration of $80,000 (U.S.). The transaction is an arm's-length deal, involving no related parties. Strategic rationale for the acquisition The Michigan mineral rights are situated in a geologic setting analogous to Pulsar's Topaz helium project in Minnesota. The acreage lies within an ancient sedimentary basin underlain by crystalline basement rocks, similar to the helium-producing Archean basement at Topaz. Helium is generated from the decay of uranium and thorium in these basement granites, migrating upward into overlying porous sedimentary reservoirs where it can accumulate beneath impermeable seals. Through its work at Topaz, Pulsar has developed strong expertise in identifying helium migration pathways, mapping subsurface structures, and recognizing key seals and traps for helium accumulation. Leveraging this experience, the company sees a logical, lower-risk opportunity to discover additional helium resources in Michigan's Upper Peninsula. The board believes that expanding into geologically familiar regions such as Michigan is a prudent way to grow the portfolio while maintaining technical focus. Importantly, Pulsar emphasizes that it remains solely focused on helium exploration and is not pursuing hydrogen, consistent with its core objective of becoming a major helium producer. About the Topaz project The Topaz project is located in northern Minnesota, United States, where Pulsar is the first mover in helium exploration and holds exclusive leases over the project area. Topaz is a primary helium discovery that contains helium-4, helium-3 and CO2 (carbon dioxide), not associated with primarily hydrocarbon production. Multiple wells drilled by Pulsar have confirmed a laterally extensive helium-rich gas reservoir beneath the project lands. Notably, two wells drilled at Topaz, both with high helium concentrations averaging 8.1 per cent in Jetstream No. 1 and 5.6 per cent in Jetstream No. 2, measured during flow testing, and the presence of helium-3 (a rare and valuable isotope) has been confirmed in gas samples taken from Jetstream No. 1. These results appear to indicate a high-quality helium resource. The continuing Jetstream multiwell appraisal program at Topaz is designed to map out the reservoir's extent, pressure regime and gas composition, which will inform resource estimation and development planning. About Pulsar Helium Inc. Pulsar Helium is a publicly traded company quoted on the AIM (Alternative Investment Market) of the London Stock Exchange and listed on the TSX Venture Exchange with the ticker PLSR as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, United States, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. Qualified person sign-off In accordance with the AIM note for mining and oil and gas companies, the company discloses that Brad Cage, vice-president, engineering, and an officer of the company, has reviewed the technical information contained herein. Mr. Cage has approximately 25 years in the oil and gas industry, is a member of the Society of Petroleum Engineers, and is a licensed professional petroleum engineer in Oklahoma, United States. We seek Safe Harbor.