First Helium Inc. announced a meaningful development at its Worsley property. Drilling this structure, like the previous two Leduc oil wells drilled by the Company, has the potential to encounter multiple productive horizons (pay zones) which can include light oil and natural gas with associated helium. First Helium will be focused on evaluating and testing this significant structural target in the coming months.

Success on a structure of this magnitude will allow First Helium optionality to create a second operating hub, a multi-well facility which will reduce operating costs and expand its operating base further eastward on its core lands.