Pershimco Resources Inc.
TSX VENTURE : PRO
FRANKFURT : BIZ

Pershimco Resources Inc.

October 11, 2007 18:41 ET

Pershimco Annouces a Grant of Options

ROUYN-NORANDA, QUEBEC--(Marketwire - Oct. 11, 2007) - PERSHIMCO RESOURCES INC. (TSX VENTURE:PRO)(FSE:BIZ) announces that it has granted today a total of 2,060,000 stock options to certain of its directors, officers and employees of which 900,000 are granted to Mr. Michael Curtis, Director, President and CEO, 250,000 are granted to Mr. Alain Bureau, Director and Vice-President of Operations and Special Projects, 250,000 are granted to Mr. Roger Bureau, Chairman of the Board, 150,000 are granted to Mr. Jean-Yves Laliberte, Director, 150,000 are granted to Mr. Jacques Fortin, Director and 75,000 are granted to Mr. Ali Abbas Ali Al Hazeem, Director. These options carry an exercise price of 0.62$ per share and come to maturity on October 11, 2012. The options are subject to liberation periods equivalent to 25% for each 3 month period following the date that they are granted.

ON BEHALF OF THE BOARD OF DIRECTORS

Micheal Curtis

PRESIDENT AND CHIEF EXECUTIVE OFFICER

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company has an option to acquire a number of Canadian and Mexican properties in the State of Chihuahua, Mexico, including 100% of the newly acquired Cu-Zn-Au-Ag skarn Magistral Project and 75% of the Las Minitas Ag-Au project. Pershimco's wholly owned La Bamba and San Miguel properties, in the Cusi Mining District, are under option to Dia Bras Exploration. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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