Mr. Christian Timmins reports

PEGASUS RESOURCES INC. ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Pegasus Resources Inc. will hold its annual general and special meeting of shareholders on April 29, 2026, at 1200, 750 West Pender St., Vancouver, B.C., to approve, among other things, the arrangement transaction with Aero Energy Ltd., as further set out in the joint news release dated March 2, 2026. The record date for determining shareholders entitled to receive notice of and vote at the meeting has been set as March 20, 2026.

As previously announced in the joint release, the company terminated the binding letter of intent with Urano Energy Corp. in respect of a proposed business combination. Prior to termination of the LOI, the company had elected to delay its annual general meeting to combine the annual general meeting with a shareholder vote on the proposed business combination.

In connection with this transaction, the company requested, and the TSX Venture Exchange approved, a further extension to permit the company to combine its annual general meeting with the shareholder vote relating to the transaction on April 29, 2026.

Full details of the matters to be considered at the meeting will be set out in the management information circular, which will be filed on SEDAR+ and distributed to shareholders in advance of the meeting.

About Pegasus Resources Inc.

Pegasus Resources is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The company's flagship asset, the Jupiter uranium project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.

We seek Safe Harbor.