Slide 1: Developing Canada’s Critical Helium Supply
TSXV: HEVI OTCQB: HEEVF Developing Canada’s Critical Helium Supply August 26, 2026
Slide 2: Reader Notice: Forward-looking Statements
READER NOTICE Forward-looking Statements Certain statements contained in this corporate presentation may constitute forward-looking information and statements, including "future-oriented financial information" and "financial outlook", under applicable securities laws. All statements in this corporat
Slide 3: Think Crude Oil Is Valuable? Consider Helium
THINK CRUDE OIL IS VALUABLE? Consider Helium $5,070/bbl LIQUID HELIUM — spot @ US$31.88/litre Credit: NASA/Keegan Barber Credit: LinkedIn - 深圳沃飞科技有限公司 - 外贸 Liquid helium currently worth >50x crude oil Liquid helium $5,070/bbl equivalent: liquid helium spot price of US$31.88/litre × 158.99 litres per
Slide 4: Why Helium: Critical. Scarce. Irreplaceable.
WHY HELIUM: Critical. Scarce. Irreplaceable. Demand from critical industries keeps rising while supply remains geopolitically constrained. SEMICONDUCTORS MRI MACHINES 5x semiconductor helium demand by 2035 MRI / medical imaging is ~15% of demand AEROSPACE FIBER OPTICS Rocket-fuel tank purging & pres
Slide 5: Supply Risks + Growing Demand = Strong Helium Prices
Supply Risks + Growing Demand = Strong Helium Prices 34% of global production shut in – Qatar force majeure, March 2026 Qatar facility damaged by Iranian drones – full repair timeline is up to 5 years Qatar Canadian plant gate prices have doubled – >US$450/mcf since March 2026 Russia Sources: Helium
Slide 6: Why Helium Evolution: Scale. Infrastructure. Execution.
WHY HELIUM EVOLUTION Rare Basin-Scale Proven Commercial Strategic Partners Helium Exposure Development Model & Market Access Scale. Infrastructure. Execution. OTCQB: HEEVF TSXV: HEVI | 6
Slide 7: Strategic Partners & Market Access
STRATEGIC PARTNERS & MARKET ACCESS Partnered with North American Helium – proven basin operator Saskatchewan – pro-development province with attractive 4.25% helium royalty rate Efficient access to U.S. industrial demand, Europe and Asia Pending Saskatchewan liquefaction plant improves realized plan
Slide 8: Helium Basin Scale: 1.6 Times The Size of Belgium
HELIUM BASIN SCALE: 1.6 Times The Size of Belgium Rare basin scale exposure with 10 producing helium pools to date HEVI controls >3 Million acres within proven helium fairway >100 seismic-defined helium targets across HEVI lands TARGET AREA Deep well tests NAH land NAH wells Producing He pools OTCQB
Slide 9: Saskatchewan Helium: A Proven Basin Since 1963
SASKATCHEWAN HELIUM: A PROVEN BASIN SINCE 1963 DECEMBER 1963 First commercial helium plant commissioned near Swift Current, Saskatchewan. 1963 – 1977 Helium production from four wells primarily exported to Western Europe. CURRENT Production reactivated in 2014, this pool is now 1 of 10 producing hel
Slide 10: Saskatchewan Helium: Already Commercial Scale
SASKATCHEWAN HELIUM: Already Commercial Scale >$500MM USD invested and committed validating commercial helium development¹ >125 wells drilled validating commercial model¹ 10 processing facilities now delivering ~5% of global helium production ¹ Proposed $100MM Liquefaction Plant ¹ Based on HEVI inte
Slide 11: Our Development Analog: Battle Creek, Saskatchewan
OUR DEVELOPMENT ANALOG: Battle Creek, Saskatchewan Operated by HEVI’s partner, North American Helium ~150 mcf/day of helium gas recovered @ ~99% purity $24MM/yr gross revenue @ $450/mcf (USD, plant gate)¹ ¹ Scheduled plant maintenance ¹ Based on HEVI internal estimates and public data available on A
Slide 12: Battle Creek: Illustrative Project Economics
BATTLE CREEK: Illustrative Project Economics¹ Additional infill well drilling to keep plant full ¹ Based on HEVI assumptions of helium content, operating costs, royalties, capital costs, leverage, pricing, recovery factor, etc. Helium pricing assumed constant over life of project. The economic analy
Slide 13: HEVI Positioning: Following a Proven Commercial Fairway
HEVI POSITIONING: Following a Proven Commercial Fairway 51% / 49% NAH-HEVI partnership at Grasslands ~44,000-acre 3D seismic program completed March 12; interpretation underway Direct access to $17MM Soda Lake processing facility (20% HEVI interest) & Discovery wells Discovery well Soda Lake Plant O
Slide 14: Grasslands: Illustrative Project Economics
GRASSLANDS: Illustrative Project Economics¹ Additional infill well drilling to keep plant full ¹ Based on HEVI assumptions of helium content, operating costs, royalties, capital costs, leverage, pricing, recovery factor, exchange rates etc. Helium pricing assumed constant over life of project. The e
Slide 15: Grasslands Single Project Sensitivity Table
GRASSLANDS SINGLE PROJECT SENSITIVITY TABLE Base-case economics attractive even at $450/mcf (USD) Higher helium prices materially increase NPVs Market dynamics continue to support price upside ¹ Based on HEVI assumptions of operating costs, royalties, margin, exchange rates, capital, leverage, prici
Slide 16: Exploration Upside: Grasslands-Scale Repeatability
EXPLORATION UPSIDE: Grasslands-Scale Repeatability Market Capitalization (USD) 270 miles Abbey $0.7MM (~$58/acre) $4.7MM (~$30/acre) $57MM Less: Cash ($18MM) $1.7MM Less: Seismic ($2MM) 120 miles (~$30/acre) Fox Less: Plant ($3MM) >5 MM Acres $1.3MM (~$29/acre) Less: Wells ($6MM) Glenbain Implied La
Slide 17: Capital Structure & Leadership Team
CAPITAL STRUCTURE & LEADERSHIP TEAM HEVI Share Capitalization @ Aug 25, 2026 Management Board of Directors Total Basic Shares Outstanding 329,870,463 Malcolm Adams James P. Baker* President, CEO & Director Chairman Options (avg. exercise price $0.24/share) 13,636,382 Patrick Mills*, P. Eng Michael G
Slide 18: 2026-2027 Grasslands Development Plan
2026-2027 GRASSLANDS DEVELOPMENT PLAN 3D seismic processing & interpretation currently underway Multi-well drilling program begins Q4-2026 with operating partner NAH Well tie-ins to Soda Lake facility first half 2027 Source: NAH; eVibe seismic unit – minimal environmental disturbance Source: North A
Slide 19: Right Commodity. Right Basin. Right Team.
Right Commodity. TSXV : HEVI OTCQB : HEEVF Right Basin. Right Team. Right Now. Contact info@heliumevolution.ca