First Helium Inc. announced that it has commenced work on its proprietary 21 km2 (or approximately 5,200 acres) 3D seismic data acquisition program over recently acquired lands at its Worsley property. The program will focus on a select area of the new lands which are located southeast of, and contiguous to the Company's 15-25 helium well and two successful oil discoveries. The new lands were acquired in August 2022 based on a thorough assessment of over 77 km of trade 2D seismic data across the land base.

The location of the 3D seismic program is restricted by seasonal environmental regulations and includes some winter only access areas. Undertaking the program now will enable the Company to "shoot" the program, evaluate the data, and prioritize the Company's drilling locations (including new ones generated by this 3D seismic program) over the next few months. At its Lethbridge project in Southern Alberta, First Helium is among the larger landholders of highly prospective helium exploration ground in a play which is continuing to garner more attention from helium explorers.

This is evidenced by recent third-party exploration well tests and land farm-in announcements. Based on publicly available records, production of helium in this region has grown from nil to approximately 75 mcf/day over the past 3 years. Derived from an initial evaluation of over 880,000 acres of option lands in the region, which included the review of over 230,000 acres of 3D seismic and 512 km of 2D seismic, First Helium has focused on a select area of 276,000 acres where it has worked up several drilling opportunities.

Specifically, First Helium has prepared a drill-ready location designed to target the Beaverhill Lake and the Basal Cambrian Sandstone, which it is planning to include in its 2023 drilling program. This well is located in the Greater Knappen Area where recently, another helium explorer successfully tested one of the same target zones.