Board Appointment and Block Admission Application

19 September 2023

Helium One Global Ltd

("Helium One" or "the Company")

Board Appointment and Block Admission Application

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania today is pleased to announce the appointment of Graham Jacobs to the Board as a Director of Helium One with immediate effect. 

Graham has been working with the team since January 2022 and was appointed Financial and Commercial Director on 4 August 2023. 

Graham is an experienced financial and commercial executive with over 30 years of experience in the natural resources sector. He has extensive expertise in the oil and gas industry having held a number of senior positions at Dragon Oil plc, PanOcean Energy, Addax Energy and Oryx Petroleum, and was also Head of Commercial at Tanzanian focussed Orca Energy.

James Smith, Chairman of Helium One, commented:

"We are delighted to welcome Graham to the Board of Helium One and look forward to utilising his expertise and continuing to work with him during this very exciting period of the Company's development."

Block Admission Application

The Company also provides notification provides notification that a new block admission application (the "New Block Admission Application") has been made to the London Stock Exchange, for the admission to trading on AIM of 45,022,104 ordinary shares of no par value each in the capital of the Company (the "New Ordinary Shares").

The New Ordinary Shares will be issued from time to time in order to satisfy certain options and warrants issued to the Company's directors, management, staff and other various stakeholders, as set out in Section 5 of Part VI in the Company's AIM Admission Document dated 13 November 2020, and the Company's announcement titled "Award of Management Options" on 15 June 2021 and on 16 February 2022, respectively. The exercise prices for the outstanding options and warrants, in relation to the New Ordinary Shares, range from 2.84p to 23.67p. It is expected that admission will become effective on 22 September 2023.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of no par value each in the capital of the Company.

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

Contact

AIM Rules Schedule 2(g) disclosures for Graham John Jacobs

Mr. Graham John Jacobs (aged 64), holds 393,333 ordinary shares of nil par value each in Helium One ("Ordinary Shares") representing approximately 0.04% of the Company's currently issued share capital. He also holds options over 8,000,000 Ordinary Shares. His current and previous directorships or partnerships are detailed below:

Current directorships and partnerships:

N/A

Past directorships and partnerships held within the last 5 years:

Four Trees Energy Limited

Kensington Oil & Gas Group Ltd

Petronaft Limited

Greenlea Development Ltd

Production Drilling (UK) Limited

Petronaft Ltd

There are no further disclosures required in accordance with Rule 17 or Schedule 2(g) of the AIM Rules.

Notes to Editors

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences totalling more than 2,965km2 across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. The assets lie near surface seeps with helium concentrations ranging up to 10.6% He by volume. All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900km2 in south-west Tanzania. The project is considered to be an advanced exploration project with leads and prospects defined by a subsurface database including multispectral satellite spectroscopy, airborne gravity gradiometry, 2D seismic data, and QEMSCAN analysis. The Rukwa Project has been de-risked by the 2021 drilling campaign, which identified reservoir and seal with multiple prospective intervals from basin to near surface within a working helium system.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.