Helium One Regulatory News (HE1)

4 December 2020

Helium One Global Ltd

Admission to trading on AIM & First Day of Dealings

Helium One Global Ltd (AIM:HE1) ("Helium One" or "the Company"), is pleased to announce that at 08:00 GMT today, the Company's ordinary shares will be admitted to the AIM market of the London Stock Exchange under the ticker HE1 (the "Admission"). The Admission to trading follows the amalgamation with Attis Oil and Gas (AOGL) as approved at the Extraordinary General Meeting of AOGL on the 25th November 2020.

The number of ordinary shares in issue immediately after Admission will be 496,893,111 giving the Company a market capitalisation of approximately £14.1 million at the issue price of 2.84 pence per share.

Investment Highlights:

· Successfully raised £6 million by way of an oversubscribed placing of 211,267,597 ordinary shares with institutional and other investors at a price of 2.84 pence per Ordinary Share.

· A globally significant asset to resolve a supply constrained market;

· Large-scale, high-grade primary helium project with un-risked prospective helium resource (2U/P50) of 138Bcf;

· Management team with an extensive track record of exploration, development and operation in Africa

· Fully funded for exploration programme commencing in Q1/Q2 2021 consisting of infill seismic acquisition and three well drilling programme targeting high priority Prospects over the Rukwa Project

For the purposes of the Disclosure Guidance and Transparency Rules, the total number of ordinary shares with voting rights in the Company with effect from 4th December 2020 will be 496,893,111. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

David Minchin, Chief Executive Officer, commented:

"Our Admission to AIM is a hugely significant moment for Helium One. Following our oversubscribed capital raise we are fully funded to carry out an aggressive exploration programme commencing in Q1/Q2 2021. This drilling programme will enable us to prove what we believe is an asset with globally strategic implications in a supply constrained helium market.

"Helium One is the only company listed on AIM that provides investors exposure to helium - a scarce and irreplaceable commodity which is essential for many modern technologies. We look forward to updating our new and existing shareholders as we progress this programme."

For further information please visit the Company's website: www.helium-one.com

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Background information

About Helium One

Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One's subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume.

The Rukwa Project or Rukwa, Helium One's main project, is located within the Rukwa Rift Basin covering 3,448km2 in south-west Tanzania. The project is considered to be an advanced exploration project and the company has identified 21 prospects and 4 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seeps analysis.

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.

Helium One's additional two projects, Eyasi and Balangida, which cover areas of 804km2 and 260km2 respectively, are located in north central Tanzania. Both have exceptional helium gas concentrations at surface, and ideal geology for source, reservoir, trap and seal. These projects are not as advanced in their exploration as Rukwa; however, Helium One has commenced work programmes, including an airborne gravity survey, to define the prospective sub-surface structures.

All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Helium One intends to conduct an infill seismic campaign followed by drilling of three exploration wells at onshore mapped prospects within the Rukwa Project in Q1/Q2 2021. Subsequent appraisal or exploration drilling and seismic acquisition will follow, contingent on the results of the initial wells.

Helium and the Helium Market

Helium's combination of physical and chemical characteristics makes it a high value, non-renewable commodity with numerous applications in crucial fields of industry and technology. Helium's unique properties make it unsubstitutable in high-value and high-tech industry; it is listed on the critical materials list in many jurisdictions.

There is no way of manufacturing helium artificially. Helium is made by the slow decay of radioactive elements within ancient continental crust. It is released when this crust is broken up by powerful plate tectonic forces, as occur within the East African Rift valley.

Helium is a colourless, odourless, non-toxic, inert (noble) gas and is the second lightest element in the periodic table. With the lowest boiling point of any element (-268.9°C or -452.1°F) and as a non-reactive gas, it lends itself well to medical applications such as cooling superconducting magnets in MRIs (magnetic resonance imaging) spectrometers. Helium is also used as a shielding gas in welding and in semiconductor manufacturing where an inert atmosphere is required. Beyond this, helium's lightness and low reactivity allow it to be used for leak detection and purging/pressurizing rocket propulsion systems.

The majority of helium is sourced as a by-product of hydrocarbon production at concentrations typically ranging from 0.05% - 0.35% He. Inelastic by-product supply cannot meet growing world demand and with the closure of the US Federal Helium reserve, a strategic stockpile established in 1925 ceasing sales to industrial customers in 2019, production at ~5.6Bcf fall has fallen behind global demand of ~6.3Bcf. With limited supply and rising helium prices, the Directors believe that new primary helium projects are required to balance the market.