Mr. Charles Desjardins reports

PEGASUS RESOURCES ANNOUNCES BOARD APPOINTMENT

Pegasus Resources Inc. has appointed Lorne McCarthy to its board of directors.

Mr. McCarthy has been involved in the junior resource sector for the past 40 years and has served on a number of public companies as a director or advisory capacity. He has also been a Realtor in the Vancouver/Lower Mainland for over 30 years and served on the government relations committee for the Greater Vancouver Real Estate Board and made many good relationships with members of Parliament with both the provincial government in British Columbia and the federal government in Ottawa.

Pegasus also announces that Mike England has stepped down from the board of directors but will remain on as a member of the Pegasus advisory committee.

About Pegasus Resources Inc.

Pegasus 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.

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