Pegasus Resources Reports Historical Utah Data

Pegasus Resources Inc. (TSXV:PEGA) has retained Dahrouge Geological Consulting USA Ltd. to develop a preliminary geological model for the Energy Sands project in Utah. The initial mapping and sampling conducted in Q1 2024 confirmed key paleochannel structures controlling the uranium and vanadium mineralization. This data was integrated with the 2015 Utah Geological Survey to support Pegasus' permitting efforts for a future drill program.

The geological model was instrumental in defining drill targets and preparing a Notice of Intent for the Bureau of Land Management. Historical drilling data from 1975, including drillhole locations, geological logs, and analytical values, was reviewed and georeferenced. These historical results provided significant insight into the mineralized paleochannels on the Property.

The preliminary geological model, augmented by historical data, will guide future drilling campaigns. Despite the historical nature of the data, Pegasus believes it offers valuable indications of the Property's potential.