Helium Evolution Granted Extension of Price Protection for Private Placement

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.

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.

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.

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.

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.