Global Helium Corp. Confirms Second Helium Well Drilled and Cased in Alberta and Appoints New Director

CALGARY, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Global Helium Corp. ("HECO" or the "Company") (CSE: HECO, OTC: HECOF) today confirms that the Company has drilled and cased its second helium well at 10-08-12-04W4 (“10-08”), targeting the Beaverhill Lake zone and situated on the farm-in land block of Perpetual Energy Inc. (TSX: PMT) (“Perpetual”) within the Manyberries helium trend in Southeastern Alberta. HECO will proceed to testing of the 10-08 well before the end of November, which has also triggered the option to lease agreement as previously announced on January 10, 2023.

Board Appointment

HECO is also pleased to announce the appointment of Mr. Robert Nathan to the Company’s Board of Directors. Mr. Nathan is an attorney and investor with extensive experience in venture formation and capital raising, who brings experience across a broad array of industries, including real estate development. After leaving the practice of law, he was a partner at New York-based Cinetic Media Inc., a boutique media investment bank specializing in project finance, sales representation and advice, where he co-founded a content aggregation platform for selling film and television content to all major distribution platforms and which was acquired by private equity. Nathan practiced law at the international corporate firm of Morrison and Foerster LLP in San Francisco, representing clients in multi-jurisdictional intellectual property litigation, and prior thereto practiced complex civil litigation with Sachnoff & Weaver Ltd in Chicago, focused on regulated industry and securities litigation in State and Federal courts. He is a past Chairman of Trustees for Alaska, a nonprofit public interest environmental law firm providing legal services to protect and defend public lands, waterways, wildlife, wild foods, clean air and water, and communities in Alaska.

“I am proud of the safe and efficient operational execution achieved by HECO to date as we advance our goal to successfully develop the Manyberries helium trend and look forward to sharing further details on the performance of our first two wells once all testing is complete,” said Jesse Griffith, CEO of HECO. “In addition, we are very pleased to welcome Robert to the Board, as his diverse background and experience in capital markets and growth stage companies provides an excellent complement to our current members. I look forward to working closely with Robert as we move HECO towards commercial production.”