Pedro Resources Announcements

Pedro Resources Ltd. (TSX VENTURE:PED.H), hereafter "the Company", is pleased to
announce the following:


BOARD APPOINTMENT 

The Company is pleased to announce the appointment of Mr. Lawrence W. Talbot to
its Board of Directors.


Lawrence W. Talbot is a mining lawyer with over 23 years experience representing
a wide range of clients in the mining industry, from individual prospectors and
junior and mid-size explorers and producers through to major mining companies,
in both the hard-rock and industrial mineral fields. He has extensive experience
acting for public natural resource companies and providing advice on all aspects
of their businesses, including corporate finance, securities and regulatory
matters, corporate governance and shareholder issues, and all aspects of
corporate acquisitions, takeovers, divestitures and reorganizations. He is a
director and/or officer of a number of public natural resource companies,
including Cardero Resource Corp., International Tower Hill Mines Ltd., Wealth
Minerals Ltd., Balmoral Resources Ltd. and Remstar Resources Ltd. Prior to July
1, 2006 he was a partner in one of Canada's largest law firms, and now acts as
general counsel to a select group of public companies, including Cardero
Resource Corp., International Tower Hill Mines Ltd. and Wealth Minerals Ltd.


ADVISORY COMMITTEE APPOINTMENTS

The members of the board of the Company welcome the Committee's initial members,
Mr. Mackenzie (Mac) Watson and Mr. Rejean Gosselin.


Mackenzie ("Mac") Watson: Mac Watson has over 50 years experience in the
exploration, development, and mining industry in Canada, and has been involved
in the discovery of numerous mineral deposits in Canada. He is currently
Honorary Chairman of the Board of Quest Rare Minerals, which he created by a
spinoff of uranium properties from Freewest Resources Canada Inc. in 2007. He
was recently awarded the prospector of the year award in 2010, for his
contribution, with others, to the mineral discoveries in the Ring Of Fire area
of Northern Ontario. Prior to that Mr. Watson had been President of Freewest
Resources Canada Inc. from 1994 until it was recently sold to Cliff Natural
Resources.


Mac was awarded Canada's Prospector of the Year Award in 1991 for his
participation in the discovery of the Harker Holloway gold mine (Ontario). Other
discoveries he was associated with are, the Icon-Sullivan copper mine (Quebec),
the Long Lake zinc mine (Ontario), the Ellison gold deposit (Quebec) and the
Hebecourt copper deposit (Quebec). He was also awarded the Quebec Prospector of
the Year for his participation in the discovery of the Pusticamica and Verneuil
gold deposits in Quebec.


Rejean Gosselin: Rejean Gosselin graduated from Laval University in 1979 with an
M.Sc. in Geology. He has worked as a consulting geologist on uranium, gold and
base metals mining exploration projects in Canada, United States, and South
America from 1979 to 1985. For the past 25 years, Rejean acted as founder and
promoter of numerous junior mining companies exploring for different commodities
in Canada, West Africa, and Mexico. 


Rejean is responsible for gold, nickel-copper-PGE and zinc-copper discoveries in
Canada and Mexico (Souart gold deposit, Abitibi, Delta Ni-Cu-PGE deposit, Ungava
and Bolivar Zn-Cu mine in Mexico). Recent involvements include Dia Bras
Exploration as President and CEO from 2003 to 2008 and most recently as Chairman
of the Board of Maya Gold and Silver.


GRANTING OF OPTIONS

The Company's Board has approved the granting of 1,500,000 stock options under
the Company's Stock Option Plan. Options are exercisable at a price of $0.35 for
a period of five years.


PRIVATE PLACEMENT

The Company's Board announces a non-brokered private placement financing
consisting of up to 1,400,000 units (the "Units") at a purchase price of $0.35
per Unit to raise gross proceeds of up to $490,000 (the "Private Placement").
Each Unit will consist of one common share in the capital of the Company and one
whole transferable share purchase warrant. Each whole warrant will entitle the
holder to purchase one additional common share in the capital of the Company for
a period of one year from the date of issuance, at a purchase price of $0.45 per
share.


The Company may pay finder's fees to arm's length parties ("Finders") in
connection with the Private Placement, equal to 7% of the gross subscription
proceeds realized from the sale of Units by the respective Finder, payable in
cash and or any combination of cash and shares. Certain directors, officers and
insiders of the Company may participate in the Private Placement. The securities
issued are subject to a hold period of four months plus one day.


Proceeds of the Private Placement will be used for general working capital
purposes. The Private Placement will be subject to approval by the TSX Venture
Exchange.


Other Information:

A copy of the release, as well as other information related to the Corporation,
is available on the Company's web site at www.pedroresources.ca and on SEDAR at
www.sedar.com.


PEDRO RESOURCES LTD.

John B. McCleery, President & CEO

FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release may contain forward-looking
information within the meaning of Canadian securities laws. Such forward-looking
information are identified by words such as "estimates", "intends", "expects",
"believes", "may", "will" and included, without limitation, statements regarding
the company's plan of business operations, production levels and costs,
potential contractual arrangements and the delivery of equipment, receipt of
working capital, anticipated revenues, mineral reserve and mineral resource
estimates, and projected expenditures. There can be no assurance that such
statements will prove to be accurate; actual results and future events could
differ materially from such statements. Factors that could cause actual results
to differ materially include, among others, metal prices, risks inherent in the
mining industry, financing risks, labour risks, uncertainty of mineral reserve
and resource estimates, equipment and supply risks, regulatory risks and
environmental concerns. Most of these factors are outside the control of the
company. Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities statutes or
regulation, the company expressly disclaims any intent or obligation to update
publicly forward-looking information.