Royal Helium Ltd. and Imperial Helium Corp. completed the previously announced acquisition of Imperial by Royal. Pursuant to the Arrangement, Royal acquired all of the issued and outstanding common shares in the capital of Imperial (the "Imperial Common Shares") in exchange for common shares in the capital of Royal (the "Royal Shares") on the basis of 0.614 of a Royal Share for each Imperial Common Share.

The Arrangement was approved at the special meeting of Imperial shareholders held on July 12, 2022 and by the Supreme Court of British Columbia on July 15, 2022.

Cormark Securities Inc. is acting as the exclusive financial advisor to Royal with respect to the Arrangement. Bennett Jones LLP is acting as Royal’s legal advisor.

Eight Capital is acting as financial advisor to Imperial. Borden Ladner Gervais LLP is acting as Imperial’s legal advisor.