Royal Helium Ltd. Announces $300,000 Financing

May 2, 2019

Not for distribution to United States newswire services or for dissemination in the United States.

TSX-V Exchange Ticker Symbol RHC
May 2, 2019

SASKATOON, SASKATCHEWAN – May 2, 2019. The Board of Royal Helium Ltd. (TSX-V: RHC) (“Royal” or the “Company”) announces a non-brokered private placement offering of up to 30,000,000 shares of the Company at $0.01 per share for gross proceeds of up to $300,000. Proceeds will be used to finance 2019 exploration programs and for general working capital.

The offering is subject to regulatory approval, including the approval of the TSXV. All securities issued pursuant to the offering are subject to a statutory four month hold period. Royal advises that the insiders of the Company may participate in the financing, which will be completed pursuant to available related-party exemptions under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions).

The pricing of the offering is made in reliance on the temporary relief measures established by the TSX Venture Exchange bulletin dated April 7, 2014. The price per common share has been set at the last trading price on the TSXV before the issuance of this press release. The offering is subject to regulatory approval.

About Royal Helium Ltd.

RHC through its wholly owned subsidiary, Royal Helium Exploration Limited., is one of the largest helium leaseholders in Canada. All assets are located in southern Saskatchewan. RHC's assets were methodically evaluated for their helium potential for over two years and have been vetted by helium experts, professional geologists/engineers and major industry participants.

On behalf of the Board:

Andrew Davidson, President, CEO and Director
Royal Helium Ltd.
1(306) 653-2692

This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

The securities offered under the offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. Person (as defined in Regulation S of the Securities Act) or a person in the United States, unless an exemption from such registration requirements is available.

Forward Looking Statements

This release includes forward-looking statements regarding Omineca and its business. Such statements are based on the current expectations and views of future events of Omineca’s management. In some cases, the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to consummate the project financing, the economic feasibility of the Wingdam Project, known and unknown risk factors and uncertainties affecting Omineca, including risks regarding the resource industry, economic factors and the equity markets generally and many other factors beyond the control of Omineca. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forwardlooking statement or information. Accordingly, readers should not place undue reliance on any forwardlooking statements or information. Forward-looking statements speak only as of the date on which they are made and Omineca undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.