VANCOUVER, BC / ACCESS Newswire / July 11, 2025 / Pegasus Resources Inc. (TSX-V

EGA)(OTC PINK

LTFF)(FSE:OQS0) ("Pegasus" or the "Company") announces that it has formally withdrawn its previously announced application to settle approximately $140,000 of outstanding indebtedness through the issuance of common shares (the "Shares-for-Debt Settlement"). As disclosed in the Company's news release dated June 11, 2025, Pegasus proposed to satisfy certain outstanding payables through the issuance of common shares, subject to the approval of the TSX Venture Exchange (the "Exchange").