Mr. Brian Stecyk reports

PEDRO RESOURCES LTD. PROVIDES CORPORATE UPDATE

Pedro Resources Ltd., further to its press release dated Dec. 5, 2023, continues to work on its proposed private placement financing of up to 12 million common shares at five cents per common share for aggregate gross proceeds of up to $600,000. The company is actively engaging with potential investors and will continue to provide updates as new developments unfold. The company has received approval from the Canadian Securities Exchange for a 30-day extension to close the offering.

Closing of the offering is subject to all customary regulatory and board approvals.

About Pedro Resources Ltd.

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

We seek Safe Harbor.