Helium Evolution Provides Operations Update

CALGARY, Alberta, Jan. 09, 2024 (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 that its partner, North American Helium Inc. (“NAH”), has spud the previously announced farm-out well located at 9-35-3-9W3 (“Test Well Area #1”). NAH is responsible for 100% of the drilling costs for Test Well Area #1, while HEVI retains a 20% working interest in that well. Test Well Area #1 is approximately four kilometres south of the NAH producing helium pool at Mankota in Saskatchewan and approximately 11 kilometres northeast of HEVI’s helium discovery at 2-31-2-8W3 (“Joint Well #1”), as announced on November 21, 2023.

HEVI also reports that completion operations for the well located at 9-18-3-8W3 (“Joint Well #2”), in which the Company maintains a 20% working interest, have commenced. Upon conclusion of the completion, testing and evaluation activities, HEVI will provide a further update on the performance of Joint Well #2.

HEVI wishes to thank all shareholders and stakeholders for their continued support and looks forward to providing future updates on its exploration and development activities throughout 2024.

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

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.