Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) ("Royal" or the "Company") is pleased to report that it has awarded a construction contract to Arjae Design Solutions Ltd of Nisku, Alberta to build and commission the Steveville 14-12 Helium Recovery Plant to be located approximately 40 km north of Brooks in southeastern Alberta. Site preparation works have been initiated and procurement of long lead items has started.

The plant's operating throughput will be in the range of 10-15 million cubic feet/day ("MMSCFD") producing a purity level of 99.999% helium. The final helium product will be compressed to a delivery pressure of 3,000 pounds per square inch gauge ("psig") and directed to a three-tube trailer loading system. Minimum delivery for Royal's first multi-year, fixed price, sales agreement (see news release of 29 August 2022) represents approximately 40% of this plant's capacity.

Andrew Davidson, President and CEO, Royal comments, "Facilitated by Obsidian Engineering of Calgary, we are pleased to award Arjae with the fabrication and commissioning of our first helium processing plant for Steveville. Arjae's proprietary engineering designs provide several substantial economic benefits to Royal over other helium separation plant designs. The Steveville plant will produce: the highest grade 99.999% helium, food-grade carbon dioxide, high value condensate and fuel gas to power the entire facility."

Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. All of Royal's lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land in close proximity to existing helium producing locations. With stable, rising prices and limited, non-renewable sources for helium worldwide, Royal intends to become a leading North American producer of this high value commodity. Royal's helium reservoirs are carried primarily with nitrogen. Nitrogen is not considered a greenhouse gas ("GHG") and therefore has a low GHG footprint when compared to other jurisdictions that rely on large scale natural gas production for helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 99% less carbon intensive than helium extraction processes in other jurisdictions.