Pegasus Resources Inc (SLTFF)

[Sam Dan]

It is obvious that Rio Tinto payment of the $750,000 had 2 objectives for PST and Rio Tinto. First it confirmed the Rio is happy with results of the exploration of the uranium JéV but also that the Confedeeration Lake Project
has distinct possible success. The `years`time frame of today`s NR indicates that Rio`s final payment of 1.5 million`re full ownership of the uranium project will be available to continue exploration of the Confederation Lake project,

Care to guess who will be there to take over the Confederation Lake project to reach production. Either as a JV or full ownership.