Pegasus Resources Inc. announced the appointment of Mr. Christian Timmins as president and to the Company's board of directors. Pegasus also announced 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 and Chief Financial Officer. 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.