Pedro Resources Announces Management Changes

Toronto, Ontario–(Newsfile Corp. – August 26, 2020) – Pedro Resources Ltd. (TSXV: PED.H) (“Pedro” or the “Company“) announces the resignation of Mr. Randy Koroll as the Interim Chief Financial Officer and Director of the Company, effective immediately. The Company wishes to thank Mr. Koroll for his contributions to the Company and wishes him every success in his future endeavors.

The Company is also pleased to announce the appointment of Ms. Fiona Fitzmaurice, CPA; ACCA; BA as the new Chief Financial Officer or the Company. Ms. Fitzmaurice has over 15 years of financial experience with private and public companies. She has been responsible for all aspects of finance, treasury and tax functions with current emphasis in the mining and resource exploration sector. Ms. Fitzmaurice is a valuable addition to the management strength of Pedro Resources.

In addition, the Company announces that current Director, Wesley Thompson, will be serving as Business Development advisor. Mr. Thompson is an experienced investor and advisor to junior resource companies in the areas of investor relations, marketing, and raising capital.

Brian Stecyk

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including, but not limited to, the timing of future exploration work or drilling, and the expansion of the mineralization. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Gold Rush Cariboo Inc.., including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

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