Environment, Social & Governance Policy

Summary

The intent of this policy is to outline Pulsar Helium Inc. and its subsidiaries (collectively the “Company”) environmental, social and governance (“ESG”) guiding principles in a coherent, systematic manner, in the form of an ESG Policy, to inform stakeholders and interested parties and to define the policies that govern our actions as they relate to ESG matters.

Definitions

Environment, or the “E” in ESG, captures such topics as energy efficiencies, carbon footprints, greenhouse gas emissions, deforestation, biodiversity, climate change and pollution mitigation, waste management and water usage.

Social, or the “S” in ESG, covers such matters as labor standards, wages and benefits, workplace and board diversity and inclusion, racial justice, pay equity, human rights, talent management, community relations, privacy and data protection, health and safety, supply-chain management and other human capital and social justice issues.

Governance, or “G” in ESG, covers the governing of the “E” and the “S” categories, corporate board composition and structure, strategic sustainability oversight and compliance, executive compensation, political contributions and lobbying, and bribery and corruption.

Core Principles

In all our actions, we are guided by certain core principles as they relate to responsible exploration and development of the Company’s projects. These principles include, but are not limited to:

Core Values

In order to live up to these core principles, the Company has defined certain core values in our Code of Conduct and Ethics Policy that are integral to the Company’s DNA:

Safety

The health and safety of our employees, contractors working for us, and the public is of the utmost importance.

Environmental Responsibility

We go above and beyond what is required. We find practical solutions to manage growth, while protecting and enhancing the natural environment.

Community Involvement

As proud members of the community, we actively strive to serve the community’s needs, and to collectively enhance prosperity and well‐being.

Transparency

We fulfill our commitments in an open and transparent manner. We aim to be accurate, consistent and straightforward in all information delivered to our stakeholders.

Accountability

As part of our corporate governance, we ensure that accountability guides all our actions, decisions, conduct and reporting.

Integrity & Performance

We hold ourselves to high moral standards and strive to fulfill our commitments in an effective and sustainable manner.

Health & Safety Policy

In order to align with our core values, the Company has established safety principles that are reflected in rigorous policies and standard operating procedures (“SOPs”) on site for the protection of the health and safety of people working at the Company’s projects (“Project”).

The Company believes that the health and safety of its employees is paramount to the successful operation of its business. Work-related injury or illness is unacceptable, and the Company is committed to the identification, elimination, or control of workplace hazards for the protection of all employees. The goal is to have zero lost time incidents. The Company is committed to implementing operational improvements that offer superior safety and occupational health management.

For the Company to succeed in fulfilling this policy, all employees must undertake their work in accordance with the Company’s policies to the best of their ability and to take all reasonable care for their own safety and health, as well as the health and safety of their work colleagues.

In order to achieve these objectives, the Company is committed to:

Environmental Policy

The Company established environmental principles that are reflected in robust policies and SOPs on and off site to protect the natural environment. The Company’s commitment to the environment goes beyond just protecting the status quo – we are actively engaged in enhancing the ecosystem in which we operate, including implementation of a remediation project.

These principles, and the resulting policies and SOPs, will continue to be refined as the Company’s projects advance.

This Policy is a commitment to maintain sound environmental practices in all of its activities and to continuously improve the efficient use of resources, processes and materials. For the Company to succeed in fulfilling this policy, all employees are responsible for incorporating into their work the actions necessary to take all reasonable care for the protection of the environment, including:

Sustainability Goals

The Company recognizes that its goals, and those of the communities in which it operates, can be aligned to create mutual and lasting benefits. An important goal for the local communities surrounding the Company’s projects is for sustainable, well-compensated employment for those members of the community employed by the Company. In order to deliver against these aspirations, the Company aims to continue to encourage local hiring, contracting, provision of supplies and services focused on local communities in the project areas. In support of this, the Company has established an employment goal to encourage the hiring of qualified local people and work with nearby communities to lessen any negative social, lifestyle and economic impacts related to the Company’s projects.

The Company will minimize the Company projects footprint and related impacts by using existing infrastructure (paved and unpaved roads, power and water supply) and by locating new facilities on previously impacted ground to the maximum reasonable extent.

Transparency & Sustainability Reporting

The Company will take a proactive approach to Transparency & Sustainability Reporting (“TSR”) with a goal of delivering continuous improvements in five benchmark criteria:

ESG is in the Company’s genetics, and our leadership has a history of doing the right thing the right way for many years, long before ESG earned a globally recognized acronym. Now that ESG has moved to the fore of investor and other stakeholder attention, a plethora of reporting standards and ESG auditors has emerged that makes reporting to standardized benchmarks that satisfy a wide audience challenging. Nevertheless, as and if the Company advances the projects activities to development-focused activities, all of our actions will be guided by our core principles, we will live by our core values and we will conduct ourselves in accordance with our policies, including those that form part of this ESG Policy.

Going forward, we will provide regular updates on our environmental, social and governance-related actions, and will contextualize and report the Company’s performance with respect to reporting standards that are applicable to the resource extraction industry at various stages of the Company’s projects as they advance.

Policy Review

The Company will review this Policy regularly to ensure that it is achieving its purpose. Based on the results of the review, the Policy may be revised accordingly.