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How does Pulsar's decision to issue shares for services reflect its current financial strategy?

Pulsar Helium Inc. (TSXV:PLSR) & (FRA:Y3K) is pleased to announce an update on the settlement of director fees accrued in 2023 through the issuance of shares (the “Debt Shares”). This settlement was previously announced on February 1, 2024. The number of Debt Shares was adjusted in compliance with TSX Venture Exchange policies. The Company received final Exchange acceptance on February 13, 2024, to settle an aggregate of CAD$120,000 in fees through the issuance of 285,715 Debt Shares valued at CAD$0.42 per Debt Share.

About Pulsar Helium Inc.: Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange (ticker: PLSR). Their portfolio includes the Topaz helium project in Minnesota, USA, 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 site. For further information, you can visit their website or follow them on Twitter and LinkedIn.

Contact Information:

• Thomas Abraham-James
• President, CEO, and Director
• Email: connect@pulsarhelium.com
• Phone: +1 (604) 599-0310

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

About Topaz helium project

The Topaz helium project is an exciting venture undertaken by Pulsar Helium Inc. in the USA. Here are the key details about this project:

1. Location:
   • Topaz is situated in Minnesota, Midwest USA.
   • It represents a new helium discovery in a region where Pulsar is the first mover.
2. Helium Content:
   • Topaz boasts one of the world’s highest-grade helium occurrences.
   • It has been drilled and flowed, revealing an impressive 10.5% helium content.
   • Importantly, only trace hydrocarbons are present.
3. Geological Significance:
   • The geology of the discovery area includes some of the oldest rocks in North America.
   • This suggests excellent helium source rock.
   • Stable tectonic conditions over the last billion years may have allowed significant helium volumes to accumulate.
4. Immediate Plans:
   • In the fourth quarter of 2023, an appraisal well will be drilled near the 2011 discovery.
   • Specialized down-hole tests will assess the properties of the helium reservoir.
   • The goal is to evaluate Topaz’s potential as a profitable helium producer.
5. Access and Location:
   • Topaz is located in the state of Minnesota, approximately 100 km north of Duluth.
   • Duluth serves as a regional center supporting the vast iron ore mines of North America.
   • Access is available via both the existing road network and the Great Lakes.
6. Mineral Rights:
   • The Topaz Project is located on private mineral rights for which Pulsar holds an exclusive lease.
   • Additionally, the company has an exclusive option for additional privately held mineral rights in the vicinity of the discovery well.

Pulsar Helium ensure environmental sustainability in its projects:

Pulsar Helium Inc. is committed to environmental sustainability in its helium projects. Here’s how they approach this critical aspect:

Focus on Sustainable Sources:

Pulsar strategically selects primary helium projects where helium is the primary economic driver, not hydrocarbons. By prioritizing helium-rich sites, they contribute to a greener supply chain for this essential commodity.

Helium Applications and Technology:

Helium plays a crucial role in advancing technology. Pulsar recognizes its significance in manufacturing semiconductors, fiber-optic cables, superconducting magnets (used in MRI scanners), and even fuel systems for space rockets. By supporting these applications, Pulsar indirectly contributes to technological progress and sustainability.

Helium Exploration Expertise:

Pulsar’s team comprises helium pioneers and seasoned experts in gas exploration and production. Their global experience ensures efficient and responsible exploration practices.

First Mover in New Helium Jurisdictions:

Pulsar is the first mover in two critical helium jurisdictions: North America and Greenland. This pioneering role allows them to set standards for sustainable practices from the outset.

Hybrid Air Vehicles:

Pulsar recognizes the potential of hybrid air vehicles as large consumers of helium. These vehicles offer a greener and more sustainable form of air cargo transport.

Global Helium Market Stability:

Pulsar’s vision is to bring stability to the global helium market. By ensuring a reliable and sustainable supply, they contribute to long-term environmental balance.

About Pulsar Helium's team

Pulsar Helium Inc. has assembled an accomplished team of experts who play a pivotal role in the company’s exploration and development efforts. Here’s a closer look at the key members:

1. Thomas Abraham-James (President, CEO, and Co-founder):
   • Thomas leads Pulsar Helium with vision and determination. His expertise spans helium exploration, gas production, and strategic decision-making.
2. Neil Herbert (Chairman and Co-founder):
   • As Chairman, Neil brings extensive industry experience to the table. His insights guide Pulsar’s growth and strategic direction.
3. Stu Crow (Non-Executive Director):
   • Stu contributes valuable insights as a non-executive director. His background in the energy sector enhances Pulsar’s decision-making processes.
4. Jón Ferrier (Non-Executive Director):
   • Jón’s global experience in the oil and gas industry adds depth to Pulsar’s leadership. His strategic perspective aligns with the company’s goals.
5. Doris Meyer:
   • Doris is a key member of the team, contributing her expertise to Pulsar’s success.

The Pulsar team combines helium pioneers, oil and gas experts, and visionaries who are committed to sustainable exploration and development. Their collective knowledge positions Pulsar as a force in the evolving helium industry. 

Pulsar Helium ensure compliance with local and global regulations:

Pulsar Helium Inc. places great importance on compliance with local and global regulations in its helium exploration and development projects. Here’s how they ensure adherence to these critical standards:

• Strategic Focus on Sustainable Sources:

Pulsar strategically selects primary helium projects where helium is the primary economic driver, rather than hydrocarbons. By prioritizing helium-rich sites, they contribute to a greener supply chain for this essential commodity.

• Helium Exploration Expertise:

Pulsar’s team comprises helium pioneers and seasoned experts in gas exploration and production. Their global experience ensures efficient and responsible exploration practices.

• First Mover in New Helium Jurisdictions:

Pulsar is the first mover in two critical helium jurisdictions: North America and Greenland. This pioneering role allows them to set standards for sustainable practices from the outset.

• Hybrid Air Vehicles:

Pulsar recognizes the potential of hybrid air vehicles as large consumers of helium. These vehicles offer a greener and more sustainable form of air cargo transport.