Pulsar Helium Inc. provided an update to the Company's news release dated January 10th, 2024 and report that mobilisation of the Capstar drill rig is currently underway. Drilling at the Jetstream #1 appraisal well is expected to begin February 2, located within 20m of the original LOD-6 discovery well. Last week, the conductor was safely and successfully installed, utilizing a smaller rig that has since demobilized from site.

Drilling and well testing is anticipated to be completed within one month inclusive of a comprehensive open-hole wireline logging suite acquired by Baker Hughes. Following rig release, a well testing package will mobilise to site to conduct flow testing and pressure build-up operations. The Company's CEO and General Manager of Operations are both on site in preparation for commencing Jetstream #1, and will be there for the duration of the drill program.