Mr. Christian Timmins reports

PEGASUS RESOURCES ENGAGES RED CLOUD SECURITIES INC FOR MARKET MAKING SERVICES

Pegasus Resources Inc. has taken a significant step in its corporate strategy. The company has entered into a services agreement with Red Cloud Securities Inc. (RCSI) for market-making services, aligning with Pegasus's commitment to maintaining a reasonable market and improving the liquidity of its common shares.

Under this agreement, RCSI will provide promotional services in accordance with TSX Venture Exchange Policy 3.4. This engagement initially spans 12 months and is subject to renewal on a month-to-month basis thereafter, allowing flexibility in the collaboration.

In recognition of RCSI's services, Pegasus will compensate RCSI with an aggregate fee of $5,000 per month during the 12-month term.

There are no performance factors contained in the agreement, and RCSI will not receive common shares or options as compensation. Furthermore, RCSI and the company are unrelated and unaffiliated entities, and at the time of the agreement, neither RCSI nor any of its principals of RCSI have an interest, directly or indirectly, in the securities of the company.

About Pegasus Resources Inc.

Pegasus Resources is a diversified junior Canadian mineral exploration company with a focus on uranium, gold and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholder value.

We seek Safe Harbor.