Imperial Helium Corp. announced it has successfully drilled, logged, and cased its second well, IHC-Steveville-2 (103/10-22-020-12W4), on its historic Steveville Helium asset, in South Eastern Alberta. The Company will commence completion and production testing of IHC-Steveville-2 upon finalizing completion and production testing of IHC-Steveville-1 (102/03-10-020-12W4). IHC-Steveville-2, Imperial Helium’s second appraisal well of the Steveville structure, reached a total depth of 1959m (PBTVD) and penetrated the crest of the structure, as expected. Preliminary petrophysical analysis of well-logs confirms the presence of a 133m section of the Beaverhill Lake Formation. The depth and thickness of the gas saturated intervals calculated from logs are in-line with pre-drill estimates and are consistent with those identified in the IHC-Steveville-1. About the Steveville Helium Property: Imperial Helium’s Steveville property is situated over a large basement dome feature with four-way closure. The property is approximately 200Km east of Calgary and 40Km northeast of Brooks where highways 544/876 cross the structure, providing easy access for drilling and development. The property includes land leased from Heritage Royalty Resource Corporation covering 24,635 hectares (95 square miles), with rights for natural gas (including helium) below the base of the Big Valley and Nisku formations. In the winter of 1940, the first deep well to be drilled in the area was 13-22-020-12W4, which, owing to a mechanical failure on surface, resulted in the Steveville blow-out. The blow-out is estimated to have flowed at 50 MMcf/d for 100 days based on government well files and multiple articles published by the Calgary Herald in February and March, 1940. After the well was brought under control, drilling resumed followed by production testing which came in at six million cubic feet a day (6MMCf/d) of non-burnable gas (87% nitrogen 0.63% helium). Four subsequent wells, drilled exploring for hydrocarbons, 08-22-020-12W4 (1947), 14-11-020-11W4 (1953), 16-11-020-12W4 (1974), and 01-24-020-11W4 (2002) confirm the structure. Imperial Helium has acquired seismic to provide an improved understanding of the basement structure and select drilling locations.