Security Based Compensation, Option Exercise / TVR

Pulsar Helium Inc.

27 April 2026

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

NEWS RELEASE | APRIL 27, 2026 | CASCAIS, PORTUGAL

PULSAR HELIUM AWARDS SECURITY BASED COMPENSATION, STOCK OPTION EXERCISE AND TVR

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a primary helium company, announces that on April 25, 2026, the Board of Directors (the "Board") awarded security-based compensation awards to directors and several members of the senior management team, designed to further increase alignment of such personnel with growth in shareholder value and the future success of the Company.

The Board awarded:

• a total of 5,400,000 stock options, including 3,950,000 to officers and directors of the Company.  The stock options were granted pursuant to the Company's Stock Option Plan and give the optionee the right to purchase one common share (a "Share") at a purchase price of CAD$1.60 per Share, being the Company's closing share price on the TSX Venture Exchange on Friday, April 24, 2026, for a period of five years from the date of grant. The stock options granted to the Board of the Company are to vest immediately, and the stock options awarded to officers and consultants of the Company are to vest as to 25% immediately, and 25% each year thereafter.
•  a total of 850,000 performance share units ("PSUs") were awarded, including 750,000 to two officers of the Company, under the Company's Equity Incentive Plan. The PSUs vest as to one-third each on the first, second and third anniversaries of the award date.
• a total of 1,050,000 restricted share units ("RSUs") were awarded to an officer of the Company, under the Company's Equity Incentive Plan. The RSU vests as to one-third each on the first, second and third anniversaries of the award date

The stock option grant, PSU and RSU awards are pursuant to the Company's shareholder approved Stock Option Plan and Equity Incentive Plan, which conform to the policies of the TSX Venture Exchange.

Summary of stock options and PSUs granted to officers and members of the Board:

Equity Award Type	Name and Title	Number of Equity Award	Terms
Stock options	Thomas Abraham-James, Chief Executive Officer and Director	1,350,000	Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant.
Stock options	Neil Herbert, Executive Chairman and Director	1,150,000	Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant.
Stock options	Stephen Ranzini, Deputy Chair and Director	350,000	Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant.
Stock options	Dan O'Brien, Chief Financial Officer and Director	300,000	Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant.
PSU	Dan O'Brien, Chief Financial Officer and Director	300,000	Vest as to one-third each on the first, second, and third anniversaries of the award date.
Stock options	Jón Ferrier, Director	400,000	Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant.
Stock options	Doris Meyer, Director	400,000	Exercise price of CAD$1.60, vesting immediately, expiring five years from date of grant.
PSU	Clifford Cain, President	450,000	Vest as to one-third each on the first, second, and third anniversaries of the award date.
RSU	Clifford Cain, President	1,050,000	Vest as to one-third each on the first, second, and third anniversaries of the award date.

The PDMR notification forms below set additional information.

Stock Option Exercise

In addition, the Company notes that on April 24, 2026, 1,000,000 stock options, issued pursuant to the Company's shareholder and TSX Venture Exchange approved Stock Option Plan, were exercised at an exercise price of CAD$0.69, and generated cash proceeds for the Company of CAD$690,000.

Admission to AIM and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission of the 1,000,000 new common shares issued pursuant to abovementioned stock option exercise, to be admitted to trading on AIM, which is expected to occur and dealings commence at 8.00 a.m. on or around April 30, 2026. The new common shares will rank pari passu with the Company's existing common shares.

On Admission, the total number of common shares in issue will be 186,224,719 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.

On behalf of Pulsar Helium Inc.

"Thomas Abraham-James"

Director and CEO

Further Information:

Pulsar Helium Inc.

[e-mail]  

+ 1 [phone] (USA/Canada)

[phone] (United Kingdom)

https://pulsarhelium.com

https://ca.linkedin.com/company/pulsar-helium-inc.  

Strand Hanson Limited

(Nominated & Financial Adviser, and Broker)

Ritchie Balmer / Rob Patrick

[phone]

Yellow Jersey PR Limited

(Financial PR)

Charles Goodwin / Annabelle Wills

[phone]

[e-mail]  

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.

PDMR Notification Forms:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Thomas Abraham-James, Director and Chief Executive Officer
2.	Reason for the Notification
a)	Position/status	Director and Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Stock Options over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of Stock Options
c)	Price(s) and volume(s)	Price(s) Volume(s) C$1.60 1,350,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Cambrian Limited is a PCA of Neil Herbert, Executive Chairman and Director of the Company
2.	Reason for the Notification
a)	Position/status	Executive Chairman and Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Stock Options over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of Stock Options
c)	Price(s) and volume(s)	Price(s) Volume(s) C$1.60 1,150,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Lange Ranzini, Deputy Chair and Director
2.	Reason for the Notification
a)	Position/status	Deputy Chair and Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Stock Options over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of Stock Options
c)	Price(s) and volume(s)	Price(s) Volume(s) C$1.60 350,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dan O'Brien, Director and Chief Financial Officer
2.	Reason for the Notification
a)	Position/status	Director and Chief Financial Officer
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Performance Share Units (PSUs) over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of PSUs
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 300,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dan O'Brien, Director and Chief Financial Officer
2.	Reason for the Notification
a)	Position/status	Director and Chief Financial Officer
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Stock Options over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of Stock Options
c)	Price(s) and volume(s)	Price(s) Volume(s) C$1.60 300,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jón Ferrier, Director
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Stock Options over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of Stock Options
c)	Price(s) and volume(s)	Price(s) Volume(s) C$1.60 400,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Doris Meyer, Director
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Stock Options over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of Stock Options
c)	Price(s) and volume(s)	Price(s) Volume(s) C$1.60 400,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Cliff Cain, President
2.	Reason for the Notification
a)	Position/status	President
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Performance Share Units (PSUs) over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of PSUs
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 450,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Cliff Cain, President
2.	Reason for the Notification
a)	Position/status	President
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pulsar Helium Inc.
b)	LEI	254900ZCNH1VXNBQY881
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Restricted Share Units (RSUs) over Shares
	Identification code	CA7459321039
b)	Nature of the Transaction	Grant of RSUs
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,050,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	April 25, 2026
f)	Place of the transaction	Outside trading venue

 

END