GLOBAL HELIUM CORP - HECOF STOCK NEWS

Global Helium Corp. (CSE: HECO, OTC: HECOF) has announced the granting of incentive stock options as per the company's stock option plan. A total of 1,350,000 common shares will be available for certain directors, officers, and consultants. The stock options vest immediately and are exercisable at $0.08 per share, with a five-year expiration period. These shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.

On May 22, 2024, Global Helium Corp. (HECOF) announced positive results from its 10-08 well near Medicine Hat, SE Alberta. The well tested at 4.1M cubic feet/day with helium concentrations of 0.56%-0.68%, confirming its second commercially viable opportunity. A pressure transient analysis indicated an expansive, productive reservoir with an absolute open flow potential of 8.05M cubic feet/day. Additionally, North American Helium will drill a test well on HECO's Saskatchewan acreage in Q3 2024, covering all drilling costs. HECO also acquired eight new sections of prospective land in Northern Alberta. The company canceled 1,295,000 stock options voluntarily surrendered by holders.

Global Helium Corp. has granted stock options to acquire up to 1,075,000 common shares to directors, officers, and consultants. The options are exercisable at $0.11 per share for five years.

Global Helium Corp. announces the confirmation of a second helium discovery on the Manyberries Helium Trend in Southeast Alberta. The 10-08 well produced 4.1 million cubic feet per day of helium with concentrations of 0.6% - 0.68% from the Beaverhill Lake formation. The company is focusing on further development and facilities planning in the Medicine Hat area and has signed a seismic review option agreement with North American Helium Inc. for its Saskatchewan acreage.

Global Helium Corp. (HECOF) has signed a seismic review option agreement with North American Helium Inc., offering potential advancements in Saskatchewan land base with reduced capital costs. NAH has the option to review HECO's seismic data, drill test wells, and earn interests in HECO's land. This partnership aims to leverage NAH's expertise and resources for accelerating development.

Global Helium Corp. (HECOF) provides an operational update on its drilling activities in the Medicine Hat region in Southeast Alberta, confirming the receipt of an Evaluation of Contingent Helium Resources. The company drilled and completed two exploratory wells with promising results, satisfying the terms of Farm-in and Option agreements. HECO has a 75% lease interest in 22 sections of helium prospective land in the Manyberries area. The company also successfully streamlined its land holdings in Saskatchewan, eliminating $550,000 in permit leasehold obligations. The Contingent Resource Report prepared by an independent evaluator estimates a low estimate of 22 MMCF, a best estimate of 44 MMCF, and a high estimate of 67 MMCF of helium. HECO's CEO, Jesse Griffith, expressed optimism about the results and indicated the company's commitment to ongoing asset development and value creation. However, the resource is contingent on funding for development and production, and there is uncertainty about the commercial viability of producing any portion of the Contingent Resources.

Global Helium Corp. (HECO) closes second tranche of non-brokered private placement offering, raising approximately CAD$405,000. The company intends to issue 1,621,621 series B preferred shares at a price of US$0.185 per share, with a 10% annual dividend. The net proceeds will fund obligations related to the drilling of two helium wells and for general corporate purposes.

Global Helium Corp. (HECO) confirms the drilling and casing of its second helium well at 10-08, targeting the Beaverhill Lake zone in Southeastern Alberta. The company will proceed to testing the well before the end of November. Additionally, HECO appoints Mr. Robert Nathan, an attorney and investor, to its Board of Directors.

Global Helium Corp. (HECO) announces a material helium discovery in Southeastern Alberta. The 09-04 well drilled in the targeted Beaverhill Lake zone contains 1.1% helium, which is above the commercially viable concentration. The well has a maximum flow rate of 10 mmcf/day of raw gas. HECO has triggered the earn-in of eight sections on the Perpetual farm-in block and is preparing to drill a second well in November. The company also appoints Tom Cross as Chief Financial Officer.