Total Helium Ltd. provided an update on the first 19 wells drilled on the Company's Pinta South Project in Arizona. 19 Wells Drilled With 9 Connected To Pipeline: To date, 9 wells have been connected to a newly constructed 6-mile pipeline, transporting gas to Ranger Development, LLC's third-party processing facility with production being sold to a large industrial gas company via an offtake agreement. There are 10 additional wells in various stages of completion and pipeline connection.

The current offtake agreement covers the first 10 wells, after which production will be sold on the spot market. Two of the 9 connected wells have consistently produced 232 Mcf/d with high helium concentrations between 7.58% and 7.83%. During the initial testing phase of three additional wells, total production rose to 450 Mcf/d in line with expectations.

The monsoon season in Arizona caused several flash flooding events where water washed out roads, hindering completion and production efforts. Since then, the roads have been rerouted to allow for all-season access to the South Pinta Helium Field. Despite this initial delay in bringing increased production online the Company is confident it has developed long term solutions to mitigate weather related delays in the future.

During the testing phase, produced water overwhelmed separators and blocked the 6-mile pipeline. This led to the re-configuration of pumping equipment and some surface equipment, including modified separation equipment and electrical equipment. Additionally, the 6-mile pipeline has been purged, cleaned, inspected and is now running smoothly.

The Company determined that during the testing period of the 7 additional wells, where the wells were shut in on several occasions due to weather and issues with equipment (as above), has resulted in damage to connectivity between the wellbore and the reservoir, resulting in restricted helium flow. Therefore, beginning next week, the Company will initiate additional completion activities to include acidizing 2 of the 7 wells to improve connectivity and production rates. Permitting Next 28 Wells: The soil sample survey shows promising results that indicated the presence of several anomalies to help delineate both sand channels/river systems in the Shinarump formation and deeper potential in the Coconino formation.

The cost to drill deeper to the Coconino is minimal as it lies only 200 feet deeper than the Shinarump. Although Total Helium's drilling program anticipates most wells will be drilled and completed within the blanket Shinarump formations, "sand channel" wells and deeper Coconino wells are expected to significantly enhance production rates. Total Helium's geological and engineering team has identified numerous high graded drilling locations and is filing for 28 additional drilling permits.

The Company expects 12 permits on lands owned privately to be approved within the next 30 days and 16 permits on lands owned by the State of Arizona to be approved within the next 60 days. Based on Total Helium's past experience with the permitting process in Arizona, no difficulty is expected in obtaining the permits. next 5 wells: The drilling rig will return to the field in mid-November.

The previous drilling and completion operations have come in on time and on budget, in line with the Company's projected cost of USD 220,000 per well. Some of the learnings from the previous wells have led to a comprehensive understanding of which completion techniques are best suited for production from the Shinarump formation, including a larger diameter of casing to allow for increased helium flow. This knowledge will be implemented in the upcoming drilling program.