Pedro Resources Ltd.: Additional Finder's Fees for Non-Brokered Private Placement

Further to the news release of Pedro Resources Ltd. (TSX VENTURE:PED.H) ("Pedro"
or the "Company") dated November 16, 2012 announcing the non-brokered private
placement (the "Placement") of up to 4,000,000 units (the "Units") of Pedro at a
price of $0.05 per Unit for gross proceeds of up to $200,000, the Company
announces that subject to exchange acceptance, it has agreed to issue warrants
(the "Finder's Warrants") as additional finder's fees, equal to 7% of the number
of Units placed by such finder. Each Finder's Warrant will entitle the holder
thereof to purchase one common share of Pedro at a price of $0.10 each for a
period of 12 months from the date of closing.


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