Pedro Closes $200,000 Non-Brokered Private Placement

Pedro Resources Ltd. (TSX VENTURE:PED.H) ("Pedro" or the "Company") has closed
its $200,000 non-brokered private placement (the "Placement") with Canadian
investors that was previously announced on November 16, 2012 and November 20,
2012 consisting of 4,000,000 units (the "Units") at a price of $0.05 per Unit.
Each Unit comprises one common share and one-half of one common share purchase
warrant. Each whole warrant entitles the holder thereof to purchase one common
share of Pedro at a price of $0.10 each until December 5, 2013.


The net proceeds raised from the Placement will be used for general working
capital purposes. 


Finder's fees equal to 7% of the gross proceeds placed by the efforts of certain
finders were paid in cash and finder's warrants ("Finder's Warrants"). Each
Finder's Warrant will entitle the holder thereof to purchase one common share of
Pedro at a price of $0.10 each until December 5, 2013. 


All securities issued pursuant to the Placement will be subject to a four month
hold period expiring on April 6, 2013.


Pedro Resources Ltd.

John B. McCleery, President & CEO

For further information, please see the Company's website at
www.pedroresources.ca and at the Company's profile at www.sedar.com.


Disclaimer for Forward-Looking Information 

Certain statements in this news release may contain forward-looking information
within the meaning of Canadian securities laws. Such forward looking information
is identified by words such as "estimates", "intends", "expects", "believes",
"may" "will" and includes without limitation, statements regarding the use of
proceeds from the Placement. Although the Company believes that such information
is reasonable, it can give no assurance that such expectations will prove to be
correct. The Company cautions investors that any forward-looking information
provided by the Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in forward looking
information as a result of various factors, including, but not limited to, the
state of the financial markets for the Company's equity securities, recent
market volatility; variations in the nature, the Company's ability to raise the
necessary capital or to be fully able to implement its business strategies and
other risks associated with the exploration and development of mineral
properties. Most of these factors are outside the control of the Company. Except
as otherwise required by applicable securities statutes or regulation, the
Company expressly disclaims any intent or obligation to update publicly
forward-looking information. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pedro Resources Ltd.
John B. McCleery
President & CEO
604-880-5624
604-922-2260 (FAX)
www.pedroresources.ca