Imperial Helium Corp. ("Imperial" or the "Company") is pleased to announce that in connection with its previously announced best efforts private placement offering (the "Offering") of subscription receipts (the "Subscription Receipts") at a price of $0.25 per Subscription Receipt, the Company and a syndicate of agents led by Eight Capital and including Haywood Securities Inc. (the "Agents") have agreed to upsize the Offering from $7.0 million to $13.5 million, including a president's list representing approximately $2.0 million of the Offering (the "President's List"). In all other respects, the terms of the Offering will remain as previously disclosed other than the Agents' option to offer for sale up to an additional 15% of the subscription receipts, which has been relinquished.