Helium Evolution Incorporated — Regulatory Filings 2023

Apr 25, 2023

Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

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I, ____ Kristi Kunec , an officer of the reporting issuer noted below have examined this
Form 13-501F1 (the Form ) being submitted hereunder to the Alberta Securities Commission and
certify that to my knowledge, having exercised reasonable diligence, the information provided in
the Form is complete and accurate.
__ "Kristi Kunec" ___ ____ April 24, 2023
Name: Kristi Kunec Date:
Title: Chief Financial Officer
Reporting Issuer Name: Helium Evolution Incorporated
End date of previous financial year: December 31, 2022
Type of Reporting Issuer: [ ] Class 1 reporting [ ] Class 3B reporting
issuer issuer
Highest Trading Marketplace: TSXV
Market value of listed or quoted equity securities:
Equity Symbol HEVI
1st Specified Trading Period (dd/mm/yy) __ to __ 01/01/22 31/03/22
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ________ 0.5000
marketplace (i)
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Number of securities in the class or series of such
security outstanding at the end of the last trading day of		______ 78,738,474
the specified trading period		(ii)
	(i) x (ii)	$ ____ 39,369,237
Market value of class or series		(A)
2nd Specified Trading Period(dd/mm/yy)	___ to __ 30/06/22 01/04/22
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ____ 0.3800
marketplace		(iii)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		____ 96,033,974
the specified trading period		(iv)
	(iii) x (iv)	$ ____ 36,492,910.12
Market value of class or series		(B)
3rd Specified Trading Period(dd/mm/yy)	___ to __ 30/09/22 01/07/22
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ____ 0.1700
marketplace		(v)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		____ 96,033,974
the specified trading period		(vi)
	(v) x (vi)	$ ____ 16,325,775.58
Market value of class or series		(C)

4th Specified Trading Period(dd/mm/yy)	___ to __ 01/10/22 31/12/22	___ to __ 01/10/22 31/12/22
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ____ 0.2300
marketplace		(vii)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		____ 96,033,974
the specified trading period		(viii)
	(vii) x (viii)	$ ____ 22,087,814.02
Market value of class or series		(D)
5th Specified Trading Period(dd/mm/yy)	___ to __ 01/01/22 31/12/22
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ____ 0.2300
marketplace		(ix)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		____ 96,033,974
the specified trading period		(x)
	(ix) x (x)	$ ____ 22,087,814.02
Market value of class or series		(E)
Average Market Value of Class or Series(Calculate
the simple average of the market value of the class or
series of security for each applicable specified trading		$ ____ 27,272,710.15
period (i.e. A through E above))		(1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

(Provide details of how value was determined)		$ ____ 0.0000
		(2)
Capitalization for the previous financial year	(1) + (2)	$ ____ 27,272,710.15
Participation Fee		$ ____ 1,200.0000
Late Fee, if applicable		$ ____ 0.0000
Total Fee Payable		$ ____ 1,200.0000
(Participation Fee plus Late Fee)