Pegasus Resources Inc. announced the successful completion of a comprehensive geological mapping and sampling program on its past-producing Energy Sands property in Utah. For this initiative, the Company collaborated with Dahrouge Geological Consulting USA Ltd. ("Dahrouge") to conduct a thorough assessment, significantly enhancing its understanding of the property's potential. A total of 41 samples were diligently collected over the 13-day program and have been submitted to SGS Laboratories Services for further detailed analysis.

Utilizing the RS-125 handheld spectrometer, Pegasus identified notable samples from prospector outcrops, tailings, outcrops, and historical adits. ESRS24-037 displayed a remarkable 7800 ppm reading, indicating substantial mineralization. Completing the geological mapping and sampling program is crucial in advancing Pegasus' exploration efforts.

It provides valuable insights into the mineral-rich potential of the Energy Sands property. The Company remains committed to leveraging this data for informed decision-making as it continues to pursue sustainable resource development.