Helium Evolution Granted Extension of Price Protection for Private Placement

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NOT FOR DISTRIBUTION IN THE UNITED STATES

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CALGARY, Alberta, Aug. 20, 2026 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI, OTCQB:HEEVF) (“HEVI” or the “Company“), a Canadian-based helium exploration and development company focused on developing assets in southern Saskatchewan, announces that, in connection with the private placement of $25 million (the “Financing”), as previously announced on July 24, 2026, the Company has received an extension from the TSX Venture Exchange (“TSXV”) of its price protection for an additional two weeks to facilitate the completion of the TSXV’s review and approval process. The Company intends to close the Financing as soon as possible. The Company’s counsel are holding all subscription proceeds from investors until such time as TSXV approval has been granted.

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Closing of the Financing remains subject to all necessary corporate and regulatory approvals, including the final approval of the TSXV. All securities issued in connection with the Financing will be subject to a hold period of four months from the date of issuance, in accordance with applicable securities legislation, as well as the resale rules of applicable securities legislation.

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Stay Connected to Helium Evolution
Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website, which includes an updated corporate
presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information.

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About Helium Evolution Incorporated
Helium Evolution is a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market.

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For further information, please contact:

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Statement
Regarding
Forward-Looking
Information

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This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments
in
the
industry
to
differ
materially
from
the
anticipated
results,
performance
or
achievements
expressed
or
implied by
such
forward-looking
statements.
Forward
looking
statements
are
statements
that
are
not
historical
facts
and
are
generally, but
not
always,
identified
by
the
words
“expects,”
“plans,”
“anticipates,”
“believes,”
“intends,”
“estimates,”
“projects,”
“potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

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Forward-looking statements in this document include statements regarding the Company’s intention and expected timing to close the Financing and the receipt of all necessary corporate and regulatory approvals, including final approval of the TSXV and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks,
uncertainties
and other factors
which
may
cause our
actual
results,
performance or
achievements,
or other future events, to be
materially different from any future
results,
performance
or achievements expressed or implied by such forward-looking statements.
Although the Company believes that the assumptions underlying the forward-looking information contained in this news release are reasonable, such information is not a guarantee of future performance. In particular, there can be no assurance that the Financing will be completed on the terms currently contemplated, or at all, or that the necessary corporate and regulatory approvals will be received within the anticipated timeframe.