BLUE STAR HELIUM LIMITED(BNL)

The suspension of trading in the securities of Blue Star Helium Limited ("˜BNL') will be lifted immediately following the release by BNL of an announcement in relation to an update on the acquisition by BNL.

The company has executed an option agreement to purchase helium assets in the Great Plains field and Kregel well in Cheyene County, Colorado. The assets offer strategic opportunities for helium development, with potential for offset wells and expansion. The acquisition is low-risk and involves well-testing.

The company provides an update for its Galactica helium project. Site works have begun on access and the well pad at Jackson #31. After completion the crew will commence site works at the Jackson #04 location. Drilling is scheduled to start in January at Jackson #31 followed by Jackson #04. A further 3 approved wells are scheduled for this campaign.

The securities of Blue Star Helium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BNL, pending the release of an announcement in relation to an update on the acquisition by BNL.

The suspension of trading in the securities of Blue Star Helium Limited will be lifted immediately, following the release by BNL of an announcement in relation to a capital raising.

A$7 million equity raising will support development of Blue Star's Voyager helium production plant which is targeted for completion Q4 2023. Opportunity for existing eligible shareholders to participate via a Share Purchase Plan targeting a further A$2 million.

The company releases a notice of proposed issue of securities.

The securities of Blue Star Helium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BNL, pending the release of an announcement in relation to a capital raising.

The suspension of trading in the securities of Blue Star Helium Limited will be lifted immediately following the release by BNL of an announcement regarding an update on the gas processing agreement.

Agreement executed with experienced US midstream provider, IACX Energy LLC, to provide helium recovery services through delivery and operation of a pressure swing adsorption helium recovery plant at high-grade Voyager project. Includes delivery and operation of a helium recovery plant with nameplate raw gas throughput of 2 MMcf/day to produce 98+% purity helium product gas. IACX will supply and operate the helium plant in exchange for a monthly payment and Blue Star will not incur any capital costs associated with fabrication of the plant. Plant commissioning and first output expected during 4Q CY2023. Targeted helium production based on an average of 8% helium in the raw gas is expected to be approx. 38 MMcf net to Blue Star in first full capacity year. Forecast total field and plant operating cost is highly attractive at an approximate US$100-120/Mcf of helium product gas (full capacity). Voyager production well drilling and testing planned to commence during August 2023.

The securities of Blue Star Helium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BNL, pending the release of an announcement regarding an update on the gas processing agreement.

The Federal Court ordered James Cruickshank, Blue Star Helium's (formerly Antares Energy and Big Star Energy) former CEO, be disqualified from managing corporations for four years and pay a $40,000 pecuniary penalty.

The Federal Court of Australia has found that Antares Energy Limited (Antares), now known as BLUE STAR HELIUM LIMITED, has breached continuous disclosure laws with ASX announcements made in 2015 regarding the sales of Antares' Northern Star and Big Star assets. Justice Banks-Smith found that Antares breached its continuous disclosure obligations and that former director James Cruickshank failed to discharge his duty as a director to act with the degree of care and diligence required.

name changed from Big Star Energy Limited