Pardee Resources Company (OTC: PDER) announced today that its recent offer to purchase up to 26,463 shares of its outstanding common stock at a purchase price of $188.94 per share (the "Offer") expired as scheduled on September 24, 2018. The number of shares tendered in the Offer exceeded the maximum number of shares initially sought in the Offer. In accordance with the discretion afforded the Company under the terms of the Offer, the Company has elected to purchase all of the 35,732 common shares which were tendered, at a purchase price of $188.94 per share, for an aggregate consideration of $6,751,204.08.