Helium Evolution Announces Saskatchewan Land Tenure Cost Savings, Adjacent Crown Land Sale Results, and OTCQB Listing

About this update from Helium Evolution Incorporated

CALGARY, Alberta, June 29, 2026 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration company holding the largest helium land position in North America among publicly traded companies, is pleased to announce three recent developments reinforcing the value of its Saskatchewan land base and broadening its access to capital markets: a material reduction in land retention costs following updated provincial regulations; strong competitive bidding for adjacent Crown helium lands in the Province's most recent public land offering; and the commencement of trading of the Company's common shares on the OTCQB Venture Market in the United States. Saskatchewan Land Tenure Update The Government of Saskatchewan has updated its helium land tenure framework, materially reducing the Company's land retention costs and extending tenure certainty across its Saskatchewan land base. Under the revised framework, over 5 million acres of HEVI's Crown helium lands will be eligible for conversion to new six-year terms at annual rental rates ranging between $0.02 and $0.10 per acre, while approximately 0.1 million acres have been converted to 21-year leases at a revised rate of $0.50 per acre through 2030. This reduction in land carrying costs will allow the Company to allocate capital toward higher-impact helium exploration and development activities, expected to continue in the fourth quarter of 2026. The updated framework reflects the thoughtful policy approach of the Saskatchewan Ministry of Energy and Resources, under the leadership of Minister Chris Beaudry, recognizing that helium exploration and development cycles are generally longer than conventional oil and gas cycles before commercial production is achieved. The new land tenure framework acknowledges the substantial exploration and development investment already made by HEVI and other helium developers in establishing Saskatchewan as a commercial helium basin and creates policy certainty to support further private investment. "Saskatchewan has established itself as one of the most competitive jurisdictions in the world for helium development, with a 4.25% royalty rate, a modernized land tenure system, and now this latest land sale result reinforcing the value of a basin that continues to attract serious capital," said Malcolm Adams, President and CEO o...

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