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Investor Presentaiton

Successful Farmout Well Price Sensitivity* One successful exploration well + three development wells HELIUM EVOLUTION Development well COS - 66% Helium price (US$/mcf) $ 375 $ 450 $ 525 $ 600 $ 725 $ 800 $ 875 Helium price (C$/mcf) $ 490 $ 590 $ 680 $ 780 $ 940 $ 1,040 $ 1,140 IRR (%) Payout period (years) 123% 169% 211% 256% 329% 375% 420% 0.8 0.6 0.5 0.4 0.3 0.3 0.2 NPV ($MM) Undiscounted 17.3 24.2 30.5 37.3 48.4 55.3 62.2 5% 12.6 17.8 22.5 27.7 36.0 41.2 46.3 10% 9.6 13.8 17.5 21.6 28.2 32.3 36.4 15% 7.6 11.0 14.1 17.5 22.9 26.3 29.7 20% 6.2 9.1 11.7 14.5 19.1 22.0 24.9 25% 5.1 7.6 9.9 12.3 16.3 18.8 21.3 CORPORATE PRESENTATION | TSXV: HEVI *Economic sensitivities shown above are calculated based on certain assumptions and do not represent guaranteed IRR, payout or NVP. 15
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