Pegasus Oil & Gas Inc. announces filing of oil and natural gas disclosure



    (Stock Symbol "POG.A & POG.B" - TSX Venture Exchange)

    CALGARY, April 30 /CNW/ - Pegasus Oil & Gas Inc. ("Pegasus" or the
"Company") announced today that it has filed its Annual Information Form for
the year ended December 31, 2008, which includes the Company's reserve data
and other oil and natural gas information required pursuant to National
Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. Copies
of the Company's AIF and other disclosure documents may be obtained from the
Company's SEDAR profile at www.sedar.com.

    Pegasus' Class A and Class B shares trade on the TSX Venture Exchange
under the symbols "POG.A" and "POG.B" respectively. The Company presently has
34.566 million Class A shares and 1.012 million Class B shares outstanding.

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

    %SEDAR: 00005637E




For further information:

For further information: Patrick Mills, President and Chief Executive
Officer, (403) 521-6307; Darcy Anderson, Chief Financial Officer, (403)
521-6302; Kevin Angus, Executive Vice President, (403) 521-6306; Corporate
website: www.pegasusoilgas.com

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Pegasus Oil & Gas Inc.

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