Pegasus Resources Acquires Millionara Gold Project

VANCOUVER – Pegasus Resources Inc. has entered into an option agreement, subject to TSX Venture Exchange (TSXV) approval, whereby it may acquire a 100% interest in the Millionara Property, Nevada, from National Treasure Corporation .

The Property is located 112 kilometers (“km”) north of Elko, Nevada, and is considered an intermediate stage exploration project within the regional Independence Gold Trend. The Property consists of 33 unpatented federal lode claims covering approximately 630 acres (255 hectares.)