ABCrescent Cooperatief U.A. Announces Filing of Updated Early Warning Report in Relation to Pulsar Helium Inc.

Prior to the Transaction, the Acquiror, together with its joint actors, exercised control and direction over, directly or indirectly, 20,256,737 Common Shares, representing approximately 10.94% of the Issuer's outstanding Common Shares.

Immediately following the completion of the Transaction, the Acquiror, together with its joint actors, exercise control and direction over, directly or indirectly, 13,956,737 Common Shares, representing approximately 7.54% of the Issuer's outstanding Common Shares, and assuming exercise in full by the Purchasers of their respective Forward Purchase Rights, then the Acquiror, together with its joint actors, would exercise control and direction over, directly or indirectly, 8,656,737 Common Shares, representing approximately 4.67% of the Issuer's outstanding Common Shares. As a result of the Transaction, the Acquiror's holdings have fallen below the 10% threshold under the investor rights agreement dated January 8, 2024.

ABCapital sold the Units and transacted in the Common Shares on behalf of fully managed accounts for investment purposes only. Depending on market conditions and other factors, the Acquiror, or its joint actors, may in the future take such actions in respect of its security holdings in the Issuer as it deems appropriate.

A copy of the early warning reports in respect of ABCapital in relation to the foregoing will be available under the Issuer's profile on SEDAR+ at www.sedarplus.ca, and may also be obtained by contacting ABCrescent Coöperatief U.A., Prinsengracht 769A, 1017 JZ Amsterdam, The Netherlands.

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.

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