pegasus resources announces new president

VANCOUVER, BC—May 25, 2022 – Pegasus Resources Inc. (TSX-V: PEGA: Frankfurt – OQS2, OTC/Pink Sheet symbol: SLTFF) (the "Company" or "Pegasus") is pleased to announce the appointment of Mr. Christian Timmins as president and to the Company's board of directors.

Mr. Timmins is an experienced, active investor in private placement and capital markets who is well known for his quality, in-depth research into mining and exploration companies. With over 20 years in the oil and gas industry, he has gained experience in operations consultation, project planning, team building, and company collaboration while working with companies like Tourmaline Oil, FMC and IPS Canada.

Mr. Timmins commented, "I am excited to join the team at Pegasus Resources and look forward to continuing our resource compliance and exploration work on our uranium properties here in Canada and the United States."

Charles Desjardins, Pegasus CEO, stated, "I would like to welcome Chris Timmins to the Pegasus team as president and director. Chris brings years of operations management and communication experience that Pegasus will benefit from as we ramp up exploration on our Canadian and American uranium assets."             

Pegasus also announces that Mr. Charles Desjardins has stepped down from the position as President of the Company but will remain on as the Company's Chief Executive Officer (CEO) and Chief Financial Officer (CFO). 

About Pegasus Resources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company focusing on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunities in other resources to enhance shareholder value. For additional information, please visit the Company at www.pegasusresourcesinc.com or contact Charles Desjardins at charles@pegasusresourcesinc.com.

On Behalf of the Board of Directors:
Charles Desjardins
CEO, and Director

Pegasus Resources Inc.
700 – 838 West Hastings Street
Vancouver, BC V6C 0A6 

PH : 1-604-369-8973
E: info@pegasusresourcesinc.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward Looking Statements 

Statements included in this announcement, including statements concerning the Company's plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.