Royal Helium Licensing High Impact Helium Well at Forty Mile, Southern Alberta

Royal is an exploration, production, and infrastructure company with a primary focus on the development and production of helium and associated gases. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [Open in your browser]( NEWS BLAST [Logo] --------------------------------------------------------------- [Royal Helium Ltd] Press Release - Royal Helium Licensing High Impact Helium Well at Forty Mile, Southern Alberta Saskatoon, SK, May 9, 2024 - Royal Helium Ltd. ([TSX-V:RHC]( (TSX-V:RHC.WT.A) ([OTCQB:RHCCF]( ("Royal" or the "Company") is pleased to announce that it has begun licensing and permitting for the Forty Mile #1 exploratory helium well at the Forty Mile project in southeastern Alberta. Acquired under a seismic review option agreement with an independent private vendor, the Forty Mile project is comprised of 7,000 acres and hosts one historic well that was drilled and tested in various horizons. The results of the original show well, rival the best Cambrian helium discovery wells to date in Alberta, Saskatchewan, and Montana. Royal has completed seismic work and has multiple defined drill targets across multiple prospective horizons. The target horizons for Forty Mile #1 will be Devonian and Cambrian and will be drilled into the Precambrian crystalline basement. Spud date will be announced once licensing is complete, and a drilling rig is secured under contract. Shayne Neigum, COO, comments, "The Forty Mile #1 high impact exploration well is an exciting step for Royal. With its proximity to the successful wells at Steveville and Royal's first purification plant currently ramping up, the Forty Mile project boasts a historic show well that flowed with similar pressure and near 2.5 times the helium concentration. Forty Mile #1 will be targeting multiple zones and predicated on success, we look to fully develop Forty Mile with multiple drill targets already defined." About Royal Helium Ltd. Royal is an exploration, production, and infrastructure company with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Given the current and foreseeable global undersupplied nature of this critical and non-renewable product, Royal is well positioned to be a leading North American producer of this increasingly high value commodity. Royal's helium reservoirs are carried primarily with nitrogen. Nitrogen is not considered a greenhouse gas (GHG) and therefore the plant has a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 90% less carbon intensive than helium extraction processes in other jurisdictions. Andrew Davidson Chief Executive Officer Royal Helium Ltd. For more information, please contact the Company. Spiro Kletas VP Investor Relations 1 (306) 500-9397 spiro@royalheliumltd.com Dean Nawata Business Development 1(306) 500-9420 dean@royalheliumltd.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Click here to visit the [Royal Helium Ltd]( website --------------------------------------------------------------- The Information in a Stockhouse Publishing Ltd. Stockhouse News Blast is a paid advertisement and is for the viewers information only. The corporate information is purely and solely the responsibility of Royal Helium Ltd and it is neither commented upon, researched, or in any manner the responsibility of Stockhouse Publishing Ltd., whose only function is as a supplier of media facilities. Any information provided by the advertisers of Stockhouse Publishing Ltd., through its media services, is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided purely as an informational media service. Stockhouse Publishing Ltd. makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Persons who wish to buy or sell securities should only do so at their own risk and in consultation with their registered securities advisers. [Join The Conversation]( --------------------------------------------------------------- [stockhouse]( Stockhouse Publishing Ltd. 1100 – 609 West Hastings Street | Vancouver | BC | V6B 4W4 | CA [Unsubscribe]( | [Manage Preferences]( [Facebook]( [Twitter]( [LinkedIn]( This email was sent to you by Stockhouse Publishing Ltd. because you consented to receive messages from us. You may manage your subscription preferences at any time. You may contact our email compliance officer at compliance@stockhouse.com