Helium Evolution Announces Most Recent Farmout Well Encounters Helium - Completion and Testing Proceeding

CALGARY, Alberta, Jan. 23, 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 successfully completed drilling and casing of the farm-out well located at 9-35-3-9W3 (“Test Well Area #1”). NAH was responsible for 100% of the drilling costs for Test Well Area #1. Going forward, any joint operations involving Test Well Area #1 will be shared by NAH and HEVI at an 80% and 20% ratio, respectively. NAH and HEVI plan to complete, test and evaluate Test Well Area #1 in the coming weeks to verify the presence of helium and assess commerciality of this potential helium discovery, and will keep investors updated on progress.

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.