Pearson's team were in danger of suffering a first league defeat since December 7 after falling behind to Fernando Forestieri's ninth minute strike and a goal from Sean Murray in the 41st minute at the King Power Stadium on Saturday.
But Matty James netted for the Championship leaders in the 43rd minute and Danny Drinkwater equalised with a spectacular shot in second half stoppage-time.
Leicester are 11 points clear of second placed Burnley and Pearson was delighted by his players' poise and passion under intense pressure.
"I don't think anyone could argue that we didn't deserve to get something out of the game because we dominated the vast majority of it," Pearson said.
"They did well to go two goals up but we got something out of the game because we are a good side and we showed real determination to get back into the game.
"The goal which got us the equaliser was a stunning strike and it was a good result to keep our unbeaten run going."
Sean Dyche says Burnley have the firepower to win promotion after top-scorer Danny Ings inspired a 3-1 victory over Millwall at Turf Moor.
Burnley's unbeaten home record in the Championship appeared under threat at Martyn Woolford put struggling Millwall in front after 27 minutes.
But Ings scored twice either side of a Dean Marney strike to reward Burnley for a dominant display.
"We put some real good quality into the final third," Dyche said
"We have got a strike force to be reckoned with but the front six, if you like, were excellent in their play.
"We are relentless in our attitude in training and as long as that relentless mentality is there as a collective then we can get the results."
Brian McDermott is desperate to avoid any more drama off the pitch as Leeds ended another turbulent week with a 2-1 victory at Yeovil.
It was confirmed on Friday that controversial Italian businessman Massimo Cellino had bought a 75 per cent stake in the club, subject to him passing the Football League's vetting procedures.
A week earlier, representatives of Cellino had sacked McDermott, only for the club to formally reinstate him as manager.
"What we want to avoid now is drama off the pitch," McDermott said.
"On the pitch we want drama but if we can avoid that for the last 17 games I'll be very happy.
"The only thing I can do is try to get a result against Brighton and nothing else
The common ground is that the new owner and myself want to take Leeds United back where they belong."
With third-placed QPR facing fourth-placed Derby on Monday, Nottingham Forest had a chance to improve their standing in the play-off places.
But Billy Davies's fifth placed team were forced to settle for a 1-1 draw at Blackpool after Andy Keogh's 86th minute equaliser cancelled out a Jamaal Lascelles strike.
Reading, who hold the final play-off spot, suffered a setback as they lost 2-0 at home to in-form Sheffield Wednesday.
Second bottom Barnsley drew 2-2 with Ipswich and Charlton remain in the final relegation place following their 2-0 home defeat against Birmingham.
Elsewhere, Brighton beat Doncaster 1-0 and Huddersfield defeated Wigan 1-0.
Bolton drew 2-2 with Bournemouth and Middlesbrough shared a goalless draw with Blackburn.
Source : AFP
Source: AFP