Ms. Meris Kott reports

PEGASUS FILING OF INTERIM FINANCIAL STATEMENTS Q1 2024 ENDED DECEMBER 31, 2024

Pegasus Mercantile Inc. has filed interim financial statements for the three-month period ended Dec. 31, 2024, and the corresponding management discussion and analysis on SEDAR+. The filings are available on SEDAR+ as well as the Canadian Securities Exchange's website.

These filings should allow the company to lift the previously disclosed management cease trade order (MCTO), initially announced on Jan. 29, 2025, in respect of the annual financial statements, which were filed April 14, 2025, for the year ended Sept. 30, 2024, and the interim financial statements and corresponding management discussion and analysis for the period ended Dec. 31, 2024, including the related chief executive officer and chief financial officer certifications.

Pegasus confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments other than the posting of the annual financials today.

About Pegasus Mercantile Inc.

Pegasus is a prospect generator that provides high-growth companies with technology, financial, operational and management assistance in the fast-growing market for global wellness products and novel consumer goods and services.

We seek Safe Harbor.