Proton Green, A Strategic Investment of VVC, Enters into Definitive Share Exchange Agreement to Form Premier Publicly Traded Helium and Beverage Grade CO2 Supplier

VVC is a Substantial Owner of Proton Green, A Top 10 North American Helium Producer Entering the Public Markets

TORONTO, July 28, 2023 (GLOBE NEWSWIRE) -- VVC Exploration Corporation, dba VVC Resources, ("VVC" or the "Company"), (TSX-V:VVC and OTCQB:VVCVF) a major investor in Proton Green, LLC ("Proton Green"), is thrilled to announce that Proton Green has signed a definitive share exchange agreement with Cyber App Solutions (Ticker: CYRB). The agreement signifies a significant milestone for Proton Green, establishing it as a leading publicly traded supplier of helium and beverage grade CO₂ in North America.

Under the terms of the all-stock transaction, Cyber App Solutions Corp. will acquire Proton Green, with Proton Green shareholders set to own approximately 94.4% of the combined entity. The current Proton Green management team and Board of Directors will lead the new organization. This strategic move paves the way for a name change to Proton Green, Inc., and a planned ticker change to "PGRN," a symbol that has already been reserved with Nasdaq. Subsequently, Proton Green anticipates a Nasdaq uplisting in the second half of 2023, further solidifying its position in the public markets.

The combined company is poised to become a leader in sustainable helium and beverage grade CO₂ production, capitalizing on its exclusive resource rights to the vast 170,500-acre St. Johns field in Arizona. Recognized as one of the largest helium, CO₂, and carbon storage reservoirs in North America, the St. Johns field contains an estimated 33 billion cubic feet of helium and 9 trillion cubic feet of CO2 in accessible reservoirs. A notable advantage is that both the helium and CO₂ extracted from the St. Johns field are entirely hydrocarbon-free.

Steve Looper, Chief Executive Officer of Proton Green, expressed his enthusiasm about Proton Green's market entry: “We are pleased to enter the public markets through this share exchange agreement, providing the capital markets community with a compelling Helium and CO₂ pure-play opportunity. As it stands today with Phase I of Helium production underway, we are now a top 10 Helium producer in North America – with a clear line of sight to becoming the second largest as we scale production in the coming quarters – leveraging fixed-price offtake agreements with two multi-national industrial gas distribution and marketing companies.