Helium Evolution Announces Voting Results From Annual General & Special Meeting of Shareholders

CALGARY, Alberta, May 24, 2023 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to report that all matters presented for approval at its annual and special meeting of shareholders held on May 24, 2023 (the "Meeting") were approved. A total of 31,971,801 common shares representing 33.3% of the Company’s issued and outstanding common shares were voted in person or represented by proxy at the Meeting.

The shareholders voted in favour of all matters set out in the Company's Management Information Circular dated April 25, 2023 (the “Circular”), including the election of all seven director nominees of HEVI for the ensuing year or until his or her successor is elected or appointed. Each nominee received greater than 96% of votes in favour.

At the Meeting, shareholders also approved: (1) fixing the number of directors of the Company for the ensuing year at seven; (2) the appointment of KPMG LLP as auditor of the Company for the ensuing year and authorizing the board of directors to fix its remuneration; and (3) the Company's rolling 10% stock option plan, as more particularly described in the Company’s Circular.

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 Twitter 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. In addition to recent media articles, HEVI maintains a profile on the Investing News Network platform, where further information, editorial pieces and industry reviews are available.

About Helium Evolution Incorporated

HEVI is a Canadian-based helium exploration and production 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.