Pegasus Resources closes $250,080 private placement

Mr. Christian Timmins reports PEGASUS RESOURCES ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT Pegasus Resources Inc. has closed a non-brokered private placement of 4,168,000 units at a price of six cents per unit for gross proceeds of $250,080. Each unit consists of one common share of the company and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional share of the company at an exercise price of eight cents until Aug. 21, 2027. The net proceeds of the offering will be used for general working capital and related expenses. The company paid no finders' fees on this offering. All securities issued under the offering will be subject to a statutory hold period expiring Dec. 22, 2025, in accordance with applicable securities laws. The offering constitutes a related-party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) because insiders of the company, being Noah Komavli, Christian Timmins and Point A Pierre Capital Ltd. (a company controlled by Dave Bissoondatt), participated in the offering and have acquired 893,000 units for $53,580 in connection with the offering. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) in respect of the offering as the fair market value (as determined under MI 61-101) of the insider participation in the offering is below 25 per cent of the company's market capitalization (as determined in accordance with MI 61-101). The offering is subject to final approval of the TSX-V and all other necessary regulatory approvals. About Pegasus Resources Inc. Pegasus 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.