Pegasus Resources — Audit Report / Information 2022

Sep 13, 2022

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Crowe MacKay LLP

Member Crowe Horwath International

1100, 1177 West Hastings Street Vancouver, BC V6E 4T5 +1.604.687.4511 Tel +1.604.687.5805 Fax +1.800.351.0426 Toll Free www.crowemackay.ca

August 25, 2022

British Columbia Securities Commission Alberta Securities Commission TSX Venture Exchange

Dear Sirs/Mesdames:

– Re: Pegasus Resources Inc. Notice of Change of Auditors

As required by National Instrument 51-102, we confirm that we have reviewed the information contained in the Notice of Change of Auditors ("the Notice") dated August 24, 2022 by Pegasus Resources Inc. ("the Corporation") and, based on our knowledge of such information at this time, we agree with the information contained in the Notice.

We understand that a copy of the Notice and this letter will be provided to the shareholders of the Corporation.

Yours very truly,

“Crowe MacKay LLP”

Crowe MacKay LLP Chartered Professional Accountants