The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

07 February 2024

Helium One Global Ltd

("Helium One" or "the Company")

Company raises £4.7 million via a company led placing

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, announces that it has raised £4.7 million (approximately $5.92 million), before expenses, through a company led placing of 313,333,333 new ordinary shares (the "Placing Shares") at a price of 1.5p per share (the "Placing Price") (together the "Placing").

The company led placing provides the Company with sufficient working capital to progress its planning for the next stage of the work programme in Tanzania. The Placing has been undertaken with long term supportive investors, with Peterhouse Capital ("Peterhouse") acting as the placing agent. This placing enables the Company to determine the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells.

The Placing Price represents a discount of approximately thirty percent to the closing share price of 2.16p on 06 February 2024.

The Placing is conditional on Admission of the new ordinary shares to trading on AIM becoming effective. The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with Helium One's existing issued ordinary shares of no par value each (the "Ordinary Shares").

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will occur and that dealings will commence at 8.00 a.m. on 15 February 2024.

Following Admission, the Company's issued and fully paid share capital will consist of 3,715,710,763 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Following Admission, the figure of 3,715,710,763 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.

Lorna Blaisse, Chief Executive Officer, commented:

"The results that we have achieved from the Itumbula West-1 well, flowing helium to surface in such significant concentrations, has confirmed a globally unique helium producing province. By moving quickly and finalising this company led placing early on, we have been able to strengthen our working capital position, which will enable us to fully focus on the next phase of the Company's growth."

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

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??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.

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 2023/24 drilling campaign, which has identified 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.