Helix Exploration announced it has executed a binding contract with Treasure State Drilling, LLC for the provision of their Cardwell KB-150 D1D Drilling Rig (the "Cardwell Rig" or the "Rig") and equipment for the Company's Third Quarter 2024 appraisal drilling campaign at the Ingomar Dome project. Highlights: Provision of Cardwell KB-150 D 1D drilling rig, based out of Oilmont, Montana; Cardwell Rig well known to management having previously drilled wells for CEO Bo Sears within the State of Montana on two separate occasions. In November 2023 the Company's Chairman, CEO, and an independent Non-Executive Director inspected the Rig during rig-up procedures ahead of operations in Northern Montana.

The Cardwell Rig is rated to drill to 8,000ft and is well suited to operations at Ingomar Dome. Mr. Stenger has worked with this specific Rig for 20 years and so he is well versed in delivering safe and effective operations on this equipment. Mr. Stenger also has experience drilling helium, having previously worked with CEO Bo Sears in helium exploration drilling in Montana using the Cardwell Rig.

The Directors of the Company take full responsibility for the accuracy of this announcement.