Pegasus Assets Inc. (TSXV:PEGA) (Frankfurt:0QS0) (OTC Pink:SLTFF) (the “Company” or “Pegasus”) is satisfied to report that it has procured, through staking, a 100 percent premium (the “Securing”) in extra cases (the “Cases”) connecting the Company’s Gold Mountain Task (the “Undertaking”), found north of Brilliant, English Columbia. The Property is arranged only north of Roadway 1, roughly 50 km northwest of Brilliant, BC. The recently gained Cases cover an area of ~1,061 ha (10 km²), expanding the size of the Task to a sum of ~1,862 ha (18 km²).

In light of promising verifiable and current outcomes at Gold Mountain, the Company decisively gained these extra Professes to extend its openness to this astonishing mineral-rich venture region. The new Cases open doors for extended investigation and boring exercises, intending to reveal the full degree of mineralization along this pattern. With these increases, Pegasus is attempting to lay out the Undertaking’s true capacity as a resource in a district with a rich history of mining action.

Verifiable and Current Outcomes:

The Gold Mountain Venture flaunts huge authentic investigation results that feature its true capacity for high-grade mineralization. In 1984, eight shallow knapsack style drill openings were finished, however unfortunate recuperations were noted. The outcomes include:

4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb (Drillhole A)

4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, and 14.53% Pb (Drillhole B)

Later testing directed in 2020 and 2021 affirmed high-grade mineralization at the North and South Appearances. Features include:

Five examples returning 1,000 to 6,670 g/t Ag

Eight examples returning 1,260 to 8,220 ppm Sb

Seven examples returning 1.55 to 13.1% Zn

These outcomes highlight the extraordinary capability of the Gold Mountain Undertaking, and the recently procured Cases give extra ground to extended investigation and asset improvement.

“Our procurement of extra cases at the Gold Mountain Venture exhibits Pegasus’ obligation to building esteem through essential development,” remarked Christian Timmins, President of Pegasus Assets Inc. “Besides the fact that this development builds our openness to the Property’s true capacity, yet it likewise makes way for the possible adaptation of this mineral-rich and geographically complex Venture. While Pegasus’ emphasis stays on propelling our uranium resources in the US, growing the Gold Mountain Undertaking was a minimal expense a potential open door to twofold the venture region and further increment our openness to these promising and energizing resources.”

Chief Noah Komavli on the development: “This essential move gets the Gold Mountain primary appearance inside a bigger, profoundly imminent region. With continuous conversations about the venture’s future, our attention is on propelling investigation to completely understand the capability of the three Icefield Undertakings. We hope to share further updates in mid 2025.”

The new procurement of the Cases at the Venture in the Rough Mountains has altogether broadened the Property’s mineralized pattern potential. This southeast-northwest moving polymetallic framework, covering ~1,100 meters in strike length, stays open every which way and presents extended investigation potential. The mineralization incorporates galena, chalcocite, malachite, and azurite, concentrated along the edges and crossing points of quartz-carbonate veins. These designs recommend the potential for extra mineralized vein frameworks across the new Case region.

The mineralization is facilitated inside argillite, accepted to result from magmatic interruptions delivering developed aqueous liquids, like the cycles that framed polymetallic veins in famous mining regions like Germany’s Dark Woods. This topographical setting upholds a complicated metal collection that incorporates silver, gold, lead, zinc, copper, and antimony, mirroring the high-grade capability of the Task.

The extension of the Task sets out promising open doors to reveal equal vein frameworks and more extensive mineralized zones, enhancing the ‘Venture’s current potential. The expansion of these Cases cements the essential place of the Task, expanding the ‘Undertaking’s extension and investigation pathways.

These new Cases highlight the capability of Undertaking as a significant polymetallic resource in a notable mining district. The Property is strategically situated for proceeded with investigation to outline further high-grade zones and exploit its extended mineralized impression.

About Gold Mountain Venture

The property’s mineral-rich history traces all the way back to the 1930s and incorporates great appearances of gold, silver, copper, and lead inside a pattern that traverses north of 600 meters. Past work has uncovered high-grade values across two essential appearances, North and South, which are isolated by roughly 450 meters of bone a zone where mineralized rocks propose the progression of mineralization between the appearances.

The South Appearance covers an area of 160 by 50 meters and elements five vein openings in various channels, where high-grade mineralization has recently been examined, including values up to 30.3 g/t Au, 13,301 g/t Ag and 32.54% Cu. These veins pattern toward the North Appearance, which has been somewhat uncovered by a shallow open cut and an old adit. Investigation during 1982 at the North Appearance, close to the adit, distinguished a 1 m wide quartz vein, which returned a snatch test of 4.87 g/t Au, 710 g/t Ag and 1.89% Cu, showing a rich polymetallic presence. Together, these appearances structure a mineralized hallway that stays open at the two finishes.

NI 43-101 Revelation

The specialized data in this news discharge was ready or potentially explored by Nathan Schmidt., P.Geo., a Certified Individual as characterized in Public Instrument 43-101.

A few outcomes examined in this record are verifiable. Pegasus Assets nor the certified individual have performed adequate work or information check of the authentic information. Albeit the authentic outcomes may not be solid, the Company by the by accepts that they give a sign of the ‘Venture’s true capacity and are applicable for any future investigation program.

About Pegasus Assets Inc.

Pegasus Assets Inc. is an expanded Junior Canadian Mineral Investigation Company with an emphasis on uranium, gold, and base metal properties in North America. The Company is likewise effectively chasing after the ideal time in different assets to upgrade investor esteem. For extra data, kindly visit the Company at www.pegasusresourcesinc.com.

For the Directorate:

Christian Timmins
President, Chief and Chief
Pegasus Assets Inc.
700 – 838 West Hastings Road
Vancouver, BC V6C 0A6
PH: 1-403-597-3410

X: https://twitter.com/MrChris_Timmins
X: https://twitter.com/pegasusresinc
E: [email protected]

Neither the TSX Adventure Trade nor its Guideline Administrations Supplier (as that term is characterized in the approaches of the TSX Adventure Trade) acknowledge liability regarding the sufficiency or exactness of this delivery.

Disclaimer for Forward-Looking Data

This news discharge contains specific data that might be considered “forward-looking data” concerning the Company inside the significance of pertinent protections regulations. Such forward-looking data implies known and obscure dangers, vulnerabilities and different variables that might cause the Company’s genuine outcomes, execution or accomplishments, or improvements in the business to contrast tangibly from the expected outcomes, execution or accomplishments communicated or suggested by such forward-looking data. Forward-looking data incorporates articulations that are not verifiable realities and are for the most part, however not consistently, recognized by the words “anticipates,” “plans,” “expects,” “accepts,” “means,” “gauges,” “projects,” “potential” and comparable articulations, or that occasions or conditions “will,” “would,” “may,” “could” or “ought to” happen. Forward-looking data contained in this official statement might incorporate, without impediment, explanations in regards to production of significant worth for Company investors, aftereffects of activities the size, timing and finishing of the Contribution, the utilization of continues from the Contribution and the posting of the Normal Offers (counting the Normal Offers basic the Warrants and the merchant warrants) on the TSXV after shutting of the Contribution.

Instances of such suspicions, dangers and vulnerabilities incorporate, without impediment, suppositions, dangers and vulnerabilities related with general financial circumstances; unfavorable industry occasions; the receipt of required administrative endorsements and the planning of such endorsements; that the Company keeps up with great associations with the networks in which it works or proposes to work, future authoritative and administrative advancements in the mining area; the Company’s capacity to get to adequate capital from inward and outer sources, or potentially powerlessness to get to adequate capital based on ideal conditions; mining industry and markets in Canada and by and large; the capacity of the Company to execute its business methodologies; rivalry; the gamble that any of the presumptions demonstrate not to be substantial or solid, which could bring about postponements, or suspension in arranged work, chances related with the translation of information, the geography, grade and coherence of mineral stores, the likelihood that results won’t be predictable with the Company’s assumptions, as well as different suspicions dangers and vulnerabilities appropriate to mineral investigation and improvement exercises and to the Company, incorporating as gone ahead in the Company’s public revelation archives documented on the SEDAR+ site at www.sedarplus.ca.

The forward-looking data contained in this public statement addresses the assumptions for Pegasus as of the date of this official statement and, in like manner, is dependent on future developments after such date. Perusers shouldn’t put unjustifiable significance on forward-looking data and shouldn’t depend upon this data as of some other date. While Pegasus might choose for, it doesn’t embrace to refresh this data at a specific time besides as expected as per relevant regulations.