Pegasus Oil & Gas Inc. Announces Annual Filings

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

    CALGARY, April 30 /CNW/ - Pegasus Oil & Gas Inc. ("Pegasus" or the
"Company") is pleased to announce that it has filed its Annual Information
Form for the year ended December 31, 2006. The Annual Information Form, which
will be accessible electronically on, contains the annual oil
and gas disclosure and information required under forms 51-101F1, 51-101F2 and
51-101F3 of National Instrument 51-101.

    %SEDAR: 00005637E

For further information:

For further information: Patrick Mills, President and Chief Executive
Officer or Darcy Anderson, Vice President Finance and Chief Financial Officer,
Phone: (403) 521-5282, Facsimile: (403) 521-5284,

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Pegasus Oil & Gas Inc.

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