Daydream-2 Operations Replace

Three and Six Months Ended June 30, 2024 Highlights:

¹ The weighted common variety of frequent shares excellent just isn’t elevated for excellent inventory choices and warrants when the impact is anti-dilutive.

Through the three and 6 months ended June 30, 2024, HEVI continued to execute on its centered technique of growing the Firm’s 5.6 million acres of helium rights in southern Saskatchewan. With three current helium discoveries, HEVI has made appreciable progress on its final objective of manufacturing and promoting helium, producing money circulate and driving constructive returns for shareholders. HEVI has remained dedicated to sustaining ongoing monetary flexibility, as evidenced by the Firm’s constructive working capital place of $4.7 million at June 30, 2024, excluding $0.8 million of tubing and casing that was pre-purchased however not but utilized.

Operations Replace

HEVI can also be happy to supply an operations replace, together with stimulation outcomes from the helium discovery nicely at 9-18-3- 8W3 (the ” 9-18 Nicely “) at Mankota, through which HEVI maintains a 20% working curiosity alongside its associate and the operator of the 9-18 Nicely, North American Helium Inc. (” NAH “).

HEVI and NAH are strategically planning to embark on an bold drilling program, with as much as 9 joint improvement wells (the ” New Wells “) which might be anticipated to construct on the three present helium discoveries within the Mankota space of Saskatchewan, every of which is described in additional element under. Thus far, floor and environmental restrictions have prevented entry to sure elements of Mankota, leading to some deferrals of drilling, testing and different working actions within the space. Given this seasonal shift, go ahead improvement at Mankota will likely be focused via the upcoming winter months, when restrictions are eased and entry allowed.

For context, the map proven right here demonstrates the positioning of every of HEVI’s helium discovery wells, future drilling targets and the processing facility licensed at 12-30-2-8W3 (the ” 12- 30 Facility “).

Helium Discovery – 9-18 Nicely

• Following stimulation in July 2024, the 9-18 Nicely achieved a final flowing fee of 685 thousand normal cubic ft per day (” Mscf/d “) at 690 kilopascal (” kPa “) flowing tubing strain with a helium focus of 0.87%, a 12% improve from the initially measured helium focus of 0.78%.
• Preliminary outcomes point out no formation water, which suggests a constructive outlook for the longer term productive potential of the nicely.
• A number of constructive strategic and geological developments have been supplied via the 9-18 Nicely outcomes, together with:
  • Entice affirmation : The existence of a entice, or cap rock, has been confirmed, which helps to additional derisk the Mankota land base and solidify the potential for future helium extraction;
  • A number of helium-bearing zones : Three distinct helium-bearing zones have been confirmed at Mankota, highlighting the wealthy helium potential throughout HEVI’s land base within the space;
  • Helium-charged fairway: A helium charged fairway, extending over 20 kilometers, has been recognized, emphasizing the in depth nature of helium deposits within the Mankota space; and
  • Validation of exploration methods: the 9-18 Nicely was drilled on a structural excessive, mirroring different profitable helium discoveries which have been delineated downdip into onlapping sands, which have confirmed to be productive and industrial reservoirs.

Helium Discovery – 2-31 Nicely

• HEVI’s helium discovery nicely at 2-31-2-8W3 (” 2-31 Nicely “) examined at roughly 4,000 Mscf/d at 5,500 kPa flowing tubing strain with a helium focus of 0.95% after stimulation, greater than thrice the 0.3% degree deemed commercially viable. Negligible volumes of water had been produced on the 2-31 Nicely, a constructive indication for helium restoration and processing.

Helium Discovery – 9-35 Nicely

• HEVI’s helium discovery nicely at 9-35-3-9W3 (” 9-35 Nicely “) circulate examined at roughly 7,000 Mscf/d and 9,000 kPa flowing tubing strain with a helium focus of 0.64%.
• A strain transient evaluation (” PTA “) carried out revealed additional constructive indications, as introduced on April   10, 2024 , indicating no reservoir strain depletion or reservoir boundaries which highlights a probably expansive and productive reservoir. The PTA additionally calculated an absolute open circulate potential of 13.3 MMscf/d. Moreover, the absence of formation water throughout the take a look at interval is a positive issue for helium restoration and processing.

New Nicely Drilling and Seismic Program

• HEVI and NAH intend to drill as much as 9 New Wells on the joint lands famous within the map herein. The New Wells are anticipated to be drilled in proximity to NAH’s producing Mankota pool and as a continuation of the pattern being developed at Mankota.
• As famous above, it’s anticipated the New Wells will likely be drilled within the upcoming winter months, given floor and environmental entry restrictions.
• Along with the New Wells, HEVI is finalizing potential drilling places on 4 sections of lately acquired land, through which the Firm holds a 100% working curiosity (” 4 Crown Sections “) and anticipates taking pictures further seismic over the 4 Crown Sections in early 2025. The 4 Crown Sections are strategically situated in a central portion of the Mankota helium fairway. As well as, HEVI is pursuing seismic research within the Fox space and exploring promising leads in each Glenbain and Fox (each exterior of the map space proven right here), every of that are adjoining to notable NAH discoveries.

Trying forward, HEVI stays strategically positioned and extremely differentiated as a result of its profitable partnership with NAH, Canada’s main helium driller and producer in Saskatchewan. With a sizeable land base, wholesome working capital and quite a few catalysts on the horizon, the Firm stays excited concerning the future.

HEVI needs to thank all shareholders and stakeholders for his or her continued assist and appears ahead to offering future updates on its exploration and improvement actions.

Keep Linked to Helium Evolution

Shareholders and different events all in favour of studying extra concerning the Helium Evolution alternative are inspired to go to the Firm’s web site , which incorporates an up to date company presentation , and are invited to observe the Firm on LinkedIn and X for ongoing company updates and helium trade info. Helium Evolution additionally gives an in depth, commissioned ‘deep-dive’ analysis report ready by a 3rd get together whose background contains serving as a analysis analyst for a number of bank-owned and unbiased funding sellers. Along with current media articles , HEVI maintains a profile on the Investing Information Community platform, the place additional info, editorial items and trade evaluations can be found.

About Helium Evolution Integrated

Helium Evolution is a Canadian-based helium exploration firm holding the most important helium land rights place in North America amongst publicly-traded corporations, centered on growing property in southern Saskatchewan. The Firm has over 5 million acres of land beneath allow close to confirmed discoveries of financial helium concentrations which is able to assist scaling the exploration and improvement efforts throughout its land base. HEVI’s administration and board are executing a differentiated technique to change into a number one provider of sustainably- produced helium for the rising world helium market.

For additional info, please contact:

Assertion Concerning Ahead-Trying Data

This information launch comprises statements that represent “forward-looking statements.” Such ahead trying statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes, efficiency or achievements, or developments in the trade to differ materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead trying statements are statements that are not historic details and are typically, however not at all times, recognized by the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “initiatives,” “potential” and related expressions, or that occasions or situations “will,” “would,” “might,” “might” or “ought to” happen.

Ahead-looking statements on this doc embrace statements relating to the Firm’s expectations relating to the Firm’s final objective of manufacturing and promoting helium, producing money circulate and driving constructive returns for shareholders, future manufacturing from the 9-18 Nicely, the 2-31 Nicely and the 9-35 Nicely, the Firm’s expectations relating to scalable helium manufacturing from its land typically, the Firm and/or NAH’s plans with respect to the 9-18 Nicely, the 2-31 Nicely and the 9- 35 Nicely, potential drilling places on the 4 Crown Sections, water manufacturing within the 9-18 Nicely, the 2-31 Nicely and the 9-35 Nicely, the Firm’s expectations relating to recoverability of helium, the scale and nature of the reservoir, the Firm and/or NAH’s skill to determine future exploration and drilling targets together with the New Wells, exploration methods and delineation, productiveness and commerciality of downdip reservoirs, productiveness of a number of helium bearing zones, presence of a entice or cap rock within the Mankota space, the scale of the helium fairway, the Firm and/or NAH’s plans with respect to drilling the New Wells, the Firm’s skill to determine seismic research, taking pictures seismic over the 4 Crown Sections and the timing thereof, the success of the partnership with NAH, the Firm’s intention to supply additional updates relating to important updates and developments, the Firm turning into a number one provider of sustainably-produced helium, the timeline of future updates, the Firm’s beliefs relating to development of the worldwide helium market and different statements that aren’t historic details. By their nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger our precise outcomes, efficiency, achievements or different future occasions, to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such components and dangers embrace, amongst others: NAH and/or HEVI could also be unsuccessful in drilling commercially productive wells; the Firm and/or NAH might abandon or defer plans for persevering with the completion, testing and analysis of the 9-18 Nicely; the Firm and/or NAH might select to defer, speed up or abandon its exploration and improvement plans together with the New Wells and/or wells on the 4 Crown Sections; the Firm might abandon, defer or speed up its plans to amass or shoot seismic; the Firm and/or NAH might decide to not deliver the 9-18 Nicely, the 2-31 Nicely and/or the 9-35 Nicely onto manufacturing; the Firm might abandon its plans to shoot seismic and/or purchase seismic research; new legal guidelines or rules and/or unexpected occasions might adversely have an effect on the Firm’s enterprise and outcomes of operations; inventory markets have skilled volatility that usually has been unrelated to the efficiency of corporations and such volatility might adversely have an effect on the worth of the Firm’s securities no matter its working efficiency; dangers typically related to the exploration for and manufacturing of sources; the uncertainty of estimates and projections regarding bills and the Firm’s working capital place; constraint within the availability of companies; commodity value and trade fee fluctuations; hostile climate or break-up situations; and uncertainties ensuing from potential delays or modifications in plans with respect to exploration or improvement initiatives or capital expenditures.

When relying on forward-looking statements and info to make choices, traders and others ought to rigorously think about the foregoing components, dangers, different uncertainties and potential occasions. The Firm has assumed that the fabric components referred to in the earlier paragraphs will not trigger such forward-looking statements and info to differ materially from precise outcomes or occasions. Nevertheless, the checklist of those components just isn’t exhaustive and is topic to vary and there could be no assurance that such assumptions will replicate the precise end result of such objects or components. The reader is cautioned to not place undue reliance on any forward-looking info. Such info, though thought-about cheap by administration at the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated. Ahead-looking statements contained in this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch. The Firm doesn’t intend, and expressly disclaims any intention or obligation to, replace or revise any forward-looking statements whether or not because of new info, future occasions or in any other case, besides as required by regulation.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

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