Global Helium Adopts Journey Engineering to Advance Montana Helium Processing Facility, Canadian Business Journal

Calgary, Alberta, November 29, 2022 (GLOBE NEWSWIRE) — global helium corporation (CSE:HECO) (OTC:HECOF) ( “Company” Also “global“), one of the largest North American helium exploration and development companies, is pleased to announce the commencement of work towards the advancement of an all-new helium processing facility in Montana.

Global Helium contracted Journey Engineering of Calgary, Alberta to provide specialized services to develop a pre-FEED (“Front End Engineering and Design”) study for the helium refinery facility of Global’s helium assets in Rudyard, Montana. did. The pre-FEED study is expected to be completed by the end of Q1 2023 and will provide the basis for the design, including process flow diagrams, equipment listings and Class 4 cost estimates. This will enable Global to model ongoing development drilling plans and advance material identification and purchase plans to advance construction goals.

As previously announced (see news release dated June 8, 2022), Global’s location in Rudyard, Montana covers more than 15 square miles of land and produces 2.5 mmcf/m at 0.9% helium concentration. Contains wells capable of producing raw gas for over a day. This equates to a raw helium production of 22.5 mcf per day. Management conducted a detailed reservoir analysis on his 5 square mile area around the Rudyard well. This will allow us to proceed with pre-FEED studies and planning further development of the asset.

A recent BNN Bloomberg article points to US wholesale helium prices of US$1,500/mcf and US$750/mcf in 2024. Currently, there is no open market for gaseous helium pricing, as helium sales are negotiated through contracts between buyers and sellers.

Global President Jesse Griffith advises:

Journey Engineering is a well-established engineering firm that has successfully designed, procured and installed multiple helium refining facilities in the United States and Canada. For more information about the company, please visit https://journeyengineering.com/.

On behalf of the Board of Directors of Global Helium Corporation

“Jesse Griffith”

Jesse Griffith
president

For more information:
Walter Spagnuolo, Investor Relations
Phone: +1 (877) 816 8163
[email protected]

Abbreviations:
mcf = thousand cubic feet
mmcf = million cubic feet
bcf = billion cubic feet

About Global Helium (CSE: HECO) (OTC: HECOF)
Global Helium, one of Canada’s largest helium exploration and development companies, is engaged in the exploration, acquisition, development and production of helium to meet the needs of growing helium demand and declining helium supply in North America and around the world. Emphasis. We have an experienced team of industry and technical experts and established relationships with North American and international helium buyers. Together, the team has acquired a 100% owned permit covering over 1.5 million acres of potential helium on established helium fairways in Saskatchewan and recently acquired a significant proven property in Montana. did.

For more information, please visit https://globalhelium.com/.

Forward-Looking Statements
Securities regulators have not reviewed and are not responsible for the adequacy or accuracy of the contents of this news release.

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by words such as “will,” “may,” “should,” “expect,” “anticipate,” or similar expressions . All statements other than statements of historical fact contained in this internal announcement are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those projected by such statements. Significant factors that could cause the results to differ materially include failure to meet the requirements of relevant stock exchanges and other risks detailed from time to time in the filings we file with securities regulators. will be Readers are cautioned that the assumptions used in preparing forward-looking information may prove to be incorrect. Actual results may differ materially from projections due to events and circumstances. It is the result of a number of known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Readers are cautioned not to place undue reliance on forward-looking information. Although such information was believed to be reasonable by management at the time it was prepared, it may prove to be inaccurate and actual results may differ materially from expectations. The forward-looking statements contained in this internal announcement are expressly qualified by this cautionary statement. The forward-looking statements contained in this internal announcement are made as of the date of this internal announcement, and we reserve the right to make no forward-looking statements contained as expressly required by applicable law. Will update or revise.

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