Pegasus Resources IncTSXV: PEGA

Standard & Poor's Announces Changes In S&P/TSX Canadian Indices

· Issued by Pegasus Resources Inc via CNW

TORONTO, March 13 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes as a result of the Quarterly S&P/TSX Composite Index Review. These changes will be effective at the open on Monday, March 23, 2009:

                       S&P/TSX COMPOSITE INDEX
                       -----------------------

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                              ADDITIONS
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                                                      Live Composite GICS
Issue Name                   Symbol    60/Completion      Sector Index
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Aurizon Mines Ltd.             ARZ      Completion        Materials
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Franco-Nevada Corporation      FNV      Completion        Materials
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Minefinders Corporation Ltd.   MFL      Completion        Materials
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Osisko Mining Corporation      OSK      Completion        Materials
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Pacific Rubiales Energy Corp.  PRE      Completion         Energy
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SXC Health Solutions Corp.     SXC      Completion       Health Care
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                              DELETIONS
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                                                      Live Composite GICS
Issue Name                   Symbol    60/Completion      Sector Index
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Calfrac Well Services Ltd.     CFW      Completion         Energy
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Cascades Inc.                  CAS      Completion        Materials
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Connacher Oil and Gas Limited  CLL      Completion         Energy
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Fairborne Energy Ltd.          FEL      Completion         Energy
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Galleon Energy Inc.            GO       Completion         Energy
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Harry Winston Diamond
 Corporation                   HW       Completion        Materials
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Iteration Energy Ltd.          ITX      Completion         Energy
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Kingsway Financial
 Services Inc.                 KFS      Completion       Financials
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Newalta Inc.                   NAL      Completion       Industrials
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OPTI Canada Inc.               OPC      Completion         Energy
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Paramount Resources Ltd.       POU      Completion         Energy
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TimberWest Forest Corp.        TWF.UN   Completion        Materials
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Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite Index. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate Global Industry Classification Standard (GICS) sector index.

      S&P/TSX GLOBAL GOLD INDEX - MARCH 2009 - QUARTERLY REVIEW

    ADDITIONS
    ---------
    Issue Name                                Symbol   Exchange
    Franco-Nevada Corporation                  FNV       TSX
    Gammon Gold Inc.                           GAM       TSX
    Osisko Mining Corporation                  OSK       TSX


     S&P/TSX GLOBAL MINING INDEX - MARCH 2009 - QUARTERLY REVIEW

    ADDITIONS
    ---------
    Issue Name                                Symbol   Exchange
    Franco-Nevada Corporation                  FNV       TSX
    Mechel OAO ADR                             MTL       NYSE
    Osisko Mining Corporation                  OSK       TSX
    Sterlite Industries India Ltd.             SLT       NYSE

    DELETIONS
    ---------
    Issue Name                                Symbol   Exchange
    Century Aluminum Co.                       CENX     NASDAQ
    Harry Winston Diamond Corporation           HW       TSX
    Hecla Mining Co.                            HL      NYSE
    International Coal Group Inc.              ICO      NYSE
    Quadra Mining Ltd.                         QUA       TSX

Company additions to and deletions from an S&P index do not in any way reflect an opinion on the investment merits of the company.

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.