The following announcement replaces Helium One's Issue of Equity announcement released at 0700 am, 10 December 2024 under RNS No 3927P.

The number of ordinary shares issued has been amended to 15,716,133.  This also means that the Company's issued share capital is now 5,921,426,896.

All other details remain unchanged

The full amended text is shown below

11 December 2024

Helium One Global Ltd

Issue of Equity in lieu of Cash to Service Provider

Helium One Global Ltd (AIM:HE1) ("Helium One" or "the Company") announces that it has issued 15,716,133 ordinary shares in the Company to a service provider in lieu of cash payment. This was for the provision of services during the recent Extended Well Test, and the arrangement was agreed with the service provider prior to the commencement of the EWT operation.

Application will be made for the admission of the 15,716,133 new ordinary shares to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares and it is expected that Admission will become effective at 8.00 a.m. on 12 December 2024.

Following Admission, the Company's issued share capital will consist of 5,921,426,896   ordinary shares with voting rights.  Helium One does not hold any ordinary shares in treasury. This figure of 5,921,426,896   may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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 across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to 10.4% helium by volume. All Helium One's licences are held on a 100% equity basis.

The Company's total acreage in Tanzania is 1,372 km² and its flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania.  This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Q3 2024.

Following the success of the extended well test, the Company has now flowed significant quantities of helium to surface and has filed a Mining Licence application with the Mining Commission of the Tanzanian Government.

The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL).

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.