Mr. Brian Stecyk reports

PEDRO RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT

Pedro Resources Ltd. intends to complete a non-brokered private placement for gross proceeds of up to $600,000 through the issuance of up to 12 million common shares in the capital of the company at a price of five cents per common share.

Eligible persons may receive commissions in the form of cash equal to up to 7 per cent of the gross proceeds raised by such finders. Proceeds from the offering will be used by the company for working capital and for other general and administrative purposes in connection with the company's proposed change of business, as more fully described in the company's press release dated Nov. 3, 2023.

All securities issued pursuant to the offering will be subject to a four-month hold period from the date of issue. Closing of the offering is subject to all customary regulatory and board approvals of the company.

Appointment of adviser

The company is pleased to announce the appointment of Dusty McKinnon as an adviser to the board and management of the company.

Mr. McKinnon is a seasoned entrepreneur and innovator with a record of developing disruptive technologies. He has developed innovative technologies from conception to commercialization on multiple occasions. Mr. McKinnon and his team developed solutions for oil and gas waste water treatment and management. He was also instrumental in the commercialization of a grid-scale battery technology, and has developed waste to resource platforms and products for the agricultural industry. He holds a BCom from Royal Roads University, Canada, and an MBA from the Power School of Business, Madrid, and continues to study the soil food web.

The company is confident that Mr. McKinnon's passion for the environment and soil health and ability to drive innovation to commercialization will help propel the company as a leader in bioengineering.

About Pedro Resources Ltd.

Pedro is a Canadian exploration company listed on the Canadian Securities Exchange focused on mineral exploration and development.

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