Pulsar receives $5.58-million from warrant exercise

Mr. Thomas Abraham-James reports PULSAR HELIUM ANNOUNCES WARRANT EXERCISE BY ITS MAJOR INVESTOR BRINGING IN NET PROCEEDS OF CAD$5.6 MILLION A total of 15.5 million warrants held by Pulsar Helium Inc.'s major shareholder, ABCrescent Cooperatief UA (ABC or ABCrescent), have been exercised at an exercise price of 36 cents, generating exercise proceeds of $5.58-million. The funds strengthen Pulsar's balance sheet and will be used to advance the company's flagship Topaz helium project in Minnesota, United States. Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "We greatly appreciate ABCrescent's ongoing support of Pulsar by exercising their warrants, the proceeds of which put Pulsar in a strong cash position and will be used to advance our flagship Topaz helium project in Minnesota, accelerating the development of this key asset. ABCrescent remain the single largest investor in Pulsar and continue to hold a seat on our board, underscoring their long-term commitment. This transaction has also streamlined our capital structure by eliminating virtually all outstanding warrants, effectively removing any perceived overhang. I look forward to keeping the market updated with further developments, particularly from the active drill program we have under way at Topaz." ABC share and warrant detail ABC was issued 15.5 million share purchase warrants with an exercise price of 36 cents as part of a unit offering that closed on Jan. 17, 2024. On Nov. 5, they were exercised in their entirety, bringing proceeds for the company of $5.58-million. ABCrescent also advises the company that, over Nov. 4, 2025, and Nov. 5, 2025, ABCrescent, on behalf of fully managed accounts, disposed of control and direction over an aggregate of 200,000 common shares in the company. Brice Laurent, a director of the company, is a managing partner of ABCrescent. ABCrescent advises that the 200,000 common shares were sold at an aggregated volume price of approximately 40 pence (or approximately 75 cents) per common share for aggregate proceeds of approximately 81,700 British pounds pursuant to certain market sales over the facilities of AIM (Alternative Investment Market) on the London Stock Exchange and the TSX Venture Exchange. ABC advises that following the disposition and the warrant exercise, ABC exercises control or direction over, directly or indirectly, 22,576,316 common shares, representing 13.53 per cent of the company's issued and outstanding common shares. In addition, Pulsar notes that Mr. Laurent is interested directly in 450,000 stock options held over common shares under the company's shareholder-approved stock option plan. Mr. Laurent also reports that he personally holds 17,570 common shares. Early warning disclosure of ABCrescent ABCrescent has provided the following information to the company. Prior to the warrant exercise and the disposition, ABCrescent exercised control and direction over, directly or indirectly, 7,276,316 common shares, representing approximately 4.81 per cent of the company's outstanding common shares, and 15.5 million warrants. Assuming the exercise in full of the aforementioned warrants, ABCrescent would exercise control or direction over, directly or indirectly, 22,776,316 common shares, representing approximately 13.65 per cent of Pulsar's outstanding common shares on a partially diluted basis. Immediately following the completion of the warrant exercise and the disposition, ABCrescent exercises control or direction over, directly or indirectly, 22,576,316 common shares, representing approximately 13.53 per cent of Pulsar's issued and outstanding common shares. ABCrescent exercises control and direction over the aforementioned common shares on behalf of fully managed accounts for investment purposes only. Depending on market conditions and other factors, ABCrescent may in the future take such actions in respect of its company securityholdings as it deems appropriate. A copy of the early warning report in respect of ABCrescent in relation to the foregoing will be available under Pulsar's profile on SEDAR+ and may also be obtained by contacting ABCrescent's head office located at Prinsengracht 769A, 1017 JZ, Amsterdam, the Netherlands. About the Topaz project The Topaz project is located in northern Minnesota, United States, where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream No. 1 appraisal well reached a total depth (TD) of 5,100 feet (1,555 metres) in January, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. Drilling of the Jetstream No. 2 appraisal well was completed on Feb. 1, 2025, reaching a TD of 5,638 feet (1,718 metres). In August, 2025, the Jetstream No. 1 well was successfully flow tested using a wellhead compressor. Recent laboratory analyses have also confirmed the presence of helium-3 in measurable concentrations, representing one of the highest naturally occurring helium-3 values publicly reported in a terrestrial gas reservoir. The forthcoming multiwell drilling campaign will build on these results to expand Pulsar's understanding of the reservoir and advance Topaz toward development. About Pulsar Helium Inc. Pulsar Helium is a publicly traded company quoted on the AIM of the London Stock Exchange and listed on the TSX-V 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. We seek Safe Harbor.