Highlights:

• Mineral Indicators: The presence of minerals associated with hydrogen generation, such as serpentinite, has been identified throughout the Lily Rock prospect area. 

• Gas Concentrations: Varying concentrations of both hydrogen and helium gases have been detected. 

Vancouver, British Columbia – July 30, 2024 - TheNewswire: Longhorn Exploration Corp. (TSX-V: LEX) (the “Company”) is pleased to provide an update on the work program that commenced on July 4, 2024, focusing on mapping gases in northeast Kansas. This initiative employs Sentinel-2 visible/near infrared (VNIR) and shortwave infrared (SWIR) satellite imagery to identify and map hydrogen and helium emissions.

Remote Sensing and Gas Mapping

The use of remote sensing technology has enabled Longhorn Exploration to identify hydrogen and helium gases by detecting their unique emission features in the VNIR spectra collected from the Sentinel-2 satellite. These gases escape their underground reservoirs along faults or other geological pathways, leading to detectable changes in the landscape. The satellite data measures these changes in mineralogy and gas concentrations, providing a comprehensive view of the subsurface activity.

Key Findings at Lily Rock Prospect

The preliminary results of this work program have confirmed the presence of hydrogen and helium gases in and around the Lily Rock prospect. Significant findings include:

• Mineral Indicators: The presence of minerals associated with hydrogen generation, such as serpentinite, has been identified throughout the Lily Rock prospect area. 

• Gas Concentrations: Varying concentrations of both hydrogen and helium gases have been detected. 

Cat Campbell, Exploration Geologist and technical advisor to Longhorn Exploration and PureWave Hydrogen Corp., commented:

"We are thrilled with the initial results of our gas mapping program in northeast Kansas. The confirmation of hydrogen and helium presence at the Lily Rock prospect is a milestone for Longhorn and underscores the potential of our exploration efforts in this region. Utilizing advanced satellite imagery has proven to be an effective tool in identifying and mapping these critical gases, and we look forward to further expanding our exploration activities."

Future Plans

Building on these promising results, Longhorn Exploration intends to further its exploration efforts in the region by leveraging integrated reinterpreted 2-D seismic lines and aeromagnetic data. This approach aims to enhance the comprehension of the subsurface geological structures within the Kansas Lily Rock leases. The Company is dedicated to deepening its knowledge of naturally occurring 'white' hydrogen projects and playing a pivotal role in advancing the clean energy movement.

About the Lily Rock Hydrogen Project

The Lily Rock Hydrogen Project is located in eastern Kansas, USA. The Lily Rock prospects sit on the southeast side of the crest of a mapped four-way dip basement closure that itself sits upthrown along the major north-east to south-west trending Nemaha Ridge. The leases are in Wabaunsee County and within an area geologically contiguous with the Sue Duroche #2 well which has a reported test with a hydrogen content of over 90%. The Company’s prospect area, located in fault-bounded structures adjacent to the Humbolt Fault, is significant. It sits within the Mid-Continent Rift Zone, where Paleozoic reservoirs, closely associated with hydrogen generation and migration, are concentrated, making it an attractive site for further investigation. It is the fractured basement that is the current focus of the Company’s exploration efforts and where the assessed volumes of prospective resources are located.

For further information, including a copy of the Company’s resource report entitled “Evaluation of the Prospective Hydrogen Resources for Lily Rock Project in Eastern Kansas” (As of June 1, 2024) and dated June 11, 2024, visit: www.longhornexploration.com and SEDAR+ at www.sedarpus.ca.

About PureWave Hydrogen Corp.

PureWave Hydrogen Corp. is dedicated to the exploration and development of naturally occurring hydrogen resources. With a focus on innovative technologies and sustainable practices, PureWave aims to be a leader in the green energy sector, providing clean and renewable hydrogen solutions.

About Longhorn Exploration Corp.

Longhorn Exploration Corp. has the exclusive right and option to acquire PureWave Hydrogen’s rights and obligations under three lease agreements, located in Kansas, USA, known as the “Lily Rock Hydrogen Project”, which allow for the prospecting, exploration, drilling and production of any substance including hydrogen gas. The Company also has an option to acquire a 100% interest and title to the Fame property located in the Clinton Mining Division, British Columbia.

Contact Information - For more information, please contact:

Anthony Zelen, Chief Executive Officer & Director

Tel: 778-388-5258

E-mail: anthony@longhornexploration.com

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

Forward-Looking Statements

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation , statements relating to the planned additional work on the Lily Rock Hydrogen Project and the expected outcomes, the Company’s plans, the technical, financial and business prospects of the Company, its projects, its goals and other matters . All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements.

All information contained in this news release with respect to PureWave Hydrogen was supplied by PureWave Hydrogen.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and hydrogen, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, the impact of viruses and diseases on the Company’s ability to operate, failure to secure the equipment and personnel necessary to carry out work programs, decrease in the price of gold, copper and other metals and hydrogen, failure to maintain community acceptance (including first nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

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