Mr. Marc Williams reports

PEDRO RESOURCES ANNOUNCES CHANGE OF DIRECTORS

Pedro Resources Ltd. has provided a corporate update and announce the appointment of a new director.

Effective April 23, 2026, the company is pleased to announce that Ely Gordon has been appointed a director of the company. Mr. Gordon is a technology and systems executive based in Halifax, N.S. He currently serves as head of technology, AI (artificial intelligence) and systems at BrightSky Group, a Nova Scotia development and operating company, where he is responsible for the software, data and operational infrastructure that supports the group's portfolio. Mr. Gordon is also the founder and chief technology officer of Normatic, a software-as-a-service (SaaS) quality management platform focused on making ISO 9001 compliance achievable for small and mid-sized operators across manufacturing and other regulated industries, and operates an independent software and systems consulting practice serving clients across biotech, environmental services, real estate development and resource sectors. Previously, Mr. Gordon was OTC (over-the-counter) system designer at Pinya Ai, where he designed compliance and communications tooling for OTC-market issuers, and co-founder of Viable Farms Canada, a sustainable cricket-protein operation based in Bridgewater, N.S. He brings to the company experience in quality systems, regulatory compliance and operational technology.

"We are grateful that Mr. Gordon has agreed to serve on our board of directors. His skill and experience will have a major positive impact on the company's pursuit of ISO 9001, which will complement our coming biotechnology business activities," said chief executive officer Marc Willliams.

In addition, the company announces that Brian Stecyk has resigned as a director of the company. Mr. Stecyk will continue to serve as the interim chief financial officer of the company. Mr. Williams added: "Brian has served Pedro Resources as a director, CEO, interim CEO and interim CFO. He will be staying on with the company as interim chief financial officer until arrangements can be finalized for a permanent CFO. He will also remain involved by serving as an adviser to the board."

The company has filed its audited financial statements for the financial year ended Dec. 31, 2025. Management has been diligently focused and is actively working to meet the Canadian Securities Exchange's requests to expedite the approval process, which includes securing financial resources in an amount sufficient to undertake the company's proposed new business following its proposed change of business.

Pedro appreciates the patience and support of its stakeholders as it continues to work toward achieving this significant milestone. Further updates will be provided as material developments occur.

About Pedro Resources Ltd.

Pedro Resources is a Canadian exploration company listed on the CSE focused on mineral exploration and development. The company is currently advancing a proposed change of business toward the development of biotechnologies for the remediation and reclamation of contaminated soils.

We seek Safe Harbor.