Pegasus Resources Director Resigns

10/29/2025 – 05:45 PM

VANCOUVER, BC – Pegasus Resources Inc. (TSXV:PEGA)(OTCID:SLTFF)(FSE:OQS2), a Canadian uranium exploration firm, announced the immediate resignation of Noah Komavli from its Board of Directors, effective today. This reduces the board to three members.

The company released a statement acknowledging Mr. Komavli’s contributions, though the specific reasons behind his departure were not disclosed. Such board changes often trigger investor speculation about strategic shifts or internal disagreements within a company, particularly one focused on uranium exploration, a sector sensitive to geopolitical and regulatory developments.

With a tighter board, Pegasus will likely be operating with increased agility, but potentially at the expense of diverse viewpoints at the highest level of decision-making. The remaining directors will now bear a heavier responsibility in guiding the firm’s strategy, particularly concerning its flagship Jupiter Uranium Project in Utah. The success of this project, described as drill-ready and positioned for resource expansion, is pivotal to Pegasus’s ambition to capitalize on the increasing demand for nuclear energy and bolster domestic uranium supply.

Pegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The Company’s flagship asset, the Jupiter Uranium Project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.

Investors will be closely watching for any announcements regarding a potential replacement for Mr. Komavli or further clarification on the company’s strategic direction following this board restructuring.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning the Company’s plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements.” Forward-looking statements may be identified by words including “anticipates,” “believes,” “intends,” “estimates,” “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Although Pegasus believes the expectations expressed in such information are reasonable as of the date hereof, such information involves assumptions, risks, and uncertainties which may cause actual results to differ materially from those anticipated. Factors that could cause actual results to differ materially include, among others: general business, economic, competitive, political, and social uncertainties; the ability to obtain required approvals; changes in applicable laws; risks inherent in the mineral exploration and development industry; and those risks set out in the Company’s public disclosure documents available under its profile on SEDAR+.