ASX Releases

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Completion of Stage 1 Well Testing: Interim Results for Ramsay 1 and Ramsay 2 Confirmed…

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Mean estimate of 96 billion cubic feet (Bcf) of Helium over approximately 25% of the Ramsay Project area (PEL 687), which, if replicated across the tenement, would potentially make this a world-class Helium project. See Table 1 below for full details, including the high, low and best estimates.

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Successful exploration well testing operations, which are pioneering for both Natural Hydrogen and Helium in a non-petroleum system, are nearing completion at the site of the Company’s successful Ramsay 1 and Ramsay 2 exploration wells. Operations have now been suspended to provide the crews with a mandatory work break, and will resume after Easter.

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Exploration well testing operations, which are pioneering for both Natural Hydrogen and Helium in a non-petroleum system, are set to commence today at the site of the Company’s successful Ramsay 1 and Ramsay 2 exploration wells. This is very much a new energy and resource play that Gold Hydrogen has confirmed with historical data, and with its recent exploration and drilling results.

Although Gold Hydrogen is in the early stages of its exploration program, the Company considers its Ramsay Project has the potential to become a world-class natural hydrogen and helium development. As previously reported, the real time mud gas analysis in Ramsay 2 recorded the presence of high helium concentrations within the mud gas while drilling the Kulpara Formation, the Winulta Formation, and the granitic Basement.