Helium Evolution Provides Operations Update

CALGARY, Alberta, Feb. 22, 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, reports that its partner and operator, North American Helium Inc. (“NAH”), has initiated the completion operations for the well located at 9-35-3-9W3 (“9-35 Well”). The 9-35 Well has been perforated and production testing and evaluation operations are currently ongoing.

Additionally, HEVI provides an update on the well drilled at 2-31-2-8W3 (“2-31 Well”), HEVI’s first helium discovery as announced on November 21, 2023. The Company is pleased to report that its partner and operator, NAH, has effectively stimulated the 2-31 Well and is currently testing and evaluating the results.

Further, the Company’s partner and operator, NAH, is continuing the completion, testing and evaluation operations on the well located at 9-18-3-8W3 (“9-18 Well”).

The Company will provide further updates on the 9-35 Well, the 2-31 Well and the 9-18 Well, all of which the Company maintains a 20% working interest in, as the results are evaluated.

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.