Imperial Helium Corp. Shareholders Approve Plan of Arrangement with Royal Helium Ltd.

Imperial will now be seeking a final order of the British Columbia Supreme Court under Section 291 of the BCBCA, and in the event such final order is obtained, closing of the acquisition is scheduled for later in July. Under the terms of the Arrangement, Royal will acquire all of the issued and outstanding common shares of Imperial in exchange for 0.614 of a Royal common share for each Imperial share that is outstanding. Shortly after the completion of the Arrangement, Imperial's common shares will be delisted from the TSX Venture Exchange and Royal also intends to apply to the applicable securities regulatory authorities for an order declaring Imperial to no longer be a reporting issuer in each of its reporting jurisdictions.

Of the votes cast by Imperial shareholders at the Meeting, 86.7% voted in favour of the special resolution approving the Arrangement. At the meeting, 35.75% of the total issued and outstanding common shares and preferred shares of Imperial were voted.

Andrew Davidson, President, and Chief Executive Officer, states, "The addition of Imperial and its Steveville and Steveville East assets to Royal's significant project portfolio of helium properties in Saskatchewan is highly opportunistic for Royal Helium. With the current spike in the prices for helium, Royal will be putting the two Steveville wells along with Royal's Climax wells on production as soon as possible. Two separate processing facilities for Saskatchewan and Alberta will be commissioned with delivery and completion anticipated for Q1 of next year. We are pleased that we were able to complete this transaction at this opportune time and that Imperial's shareholders saw the tremendous value in Royal's leadership, assets and business plan."

Details of the Arrangement and certain other matters are set out in the management information circular of Imperial dated June 10, 2022 (the "Information Circular"). A copy of the Information Circular and other meeting materials can be found on Imperial's SEDAR website at www.sedar.com.

Royal controls over 1,000,000 acres of prospective helium land in southwestern and south-east Saskatchewan. 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.