Pegasus Resources Inc. announced the appointment of Mr. 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 Mr. Mike England has stepped down from the Board Of Directors but will remain on as a member of the Pegasus Advisory Committee.