Article content

CALGARY, Alberta, April 07, 2025 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce the closing of the second tranche of the strategic private placement and an outsider private placement (together, the “Private Placement”), as announced on March 10, 2025.

Article content

Article content

Pursuant to the Private Placement, HEVI issued 9,217,000 units (“Units”) for gross proceeds of $1.6 million.   Each Unit will be comprised of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a “Warrant“).  Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.27 for a period of one year from the closing date of April 4, 2025 (the “Closing Date”), with an acceleration feature if the closing price over a 30-day period remains at or above $0.51 per common share at any time following the six-month anniversary of the Closing Date.

Article content

Stay Connected to Helium Evolution

Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website, which includes an updated corporate
presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive’ research report prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers.

About Helium Evolution Incorporated

Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market.

Article content

Article content

For further information, please contact:

Statement
Regarding
Forward-Looking
Information

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments
in
the
industry
to
differ
materially
from
the
anticipated
results,
performance
or
achievements
expressed
or
implied by
such
forward-looking
statements.
Forward
looking
statements
are
statements
that
are
not
historical
facts
and
are
generally, but
not
always,
identified
by
the
words
“expects,”
“plans,”
“anticipates,”
“believes,”
“intends,”
“estimates,”
“projects,”
“potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this document include statements regarding the Company becoming a leading supplier of sustainably-produced helium, the Company’s beliefs regarding growth of the global helium market and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks,
uncertainties
and other factors
which
may
cause our
actual
results,
performance or
achievements,
or other future events, to be
materially different from any future
results,
performance
or achievements expressed or implied by such forward-looking statements.
Such
factors
and risks
include,
among others: there may not be long-term growth; new laws or regulations and/or unforeseen events could adversely affect the Company’s business and results of operations; stock markets have experienced volatility that often has been unrelated to the performance of companies and such volatility may adversely affect the price of the Company’s securities regardless of its operating performance; risks generally associated with the exploration for and production of resources; the uncertainty of estimates and projections relating to expenses and the Company’s working capital position; constraint in the availability of services; commodity price and exchange rate fluctuations; adverse weather or break-up conditions; and uncertainties resulting from potential
delays or changes in plans with respect to exploration or development projects or capital expenditures.

Article content

When
relying
on
forward-looking
statements
and
information
to
make
decisions,
investors
and
others
should
carefully
consider the foregoing factors
and risks other uncertainties and potential
events.
The Company has
assumed that the material factors referred
to
in
the
previous
paragraphs
will
not
cause
such
forward-looking
statements
and
information
to
differ
materially
from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place undue
reliance
on
any
forward-looking
information.
Such
information,
although
considered
reasonable
by
management
at
the time
of
preparation,
may
prove
to
be
incorrect
and
actual
results
may
differ
materially
from
those
anticipated.
Forward-looking statements
contained
in
this
news
release
are
expressly
qualified
by
this
cautionary
statement.
The
forward-looking
statements contained
in
this
news
release
are
made
as
of
the
date
of
this
news
release.
The
Company
does
not
intend,
and
expressly disclaims
any
intention
or
obligation
to,
update
or
revise
any
forward-looking
statements
whether
as
a
result
of
new information, future events or otherwise, except as required by law.

Neither
the
TSX
Venture
Exchange
nor
its
Regulation
Services
Provider
(as
that
term is
defined
in
the
policies
of
the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Article content