Pershimco Resources Inc.
TSX VENTURE : PRO

Pershimco Resources Inc.

January 24, 2007 10:59 ET

Pershimco Begins Drilling a First 5,000 Meters of the Courville Exploration Campain

ROUYN-NORANDA, CANADA--(CCNMatthews - Jan. 24, 2007) - Pershimco Resources Inc. (TSX VENTURE:PRO) is pleased to announce that a 5,000 meters diamond drill campaign has started on its Courville Gold Property. The objective of the campaign is to extend the known gold mineralization along the full length of the 3 kilometer long Thibodeau Intrusive Complex ("TIC") from the 250 meters tested to date by the Company.

The preliminary geological review (as reported in a January 16, 2007 news release) has determined that the Courville Gold Property mineralization occurs mainly as a series of sub-horizontal quartz stockwork domains, five (5) for now, ranging from 2.5 to 7.5 meters each in width, within a 125 meter long by 75 meter wide by 75 meter deep segment of the TIC. Assays for the tested TIC averaged 1.09 g/t gold.

Four (4) separate centers of gold concentrations are outlined within the domains grading between 2 and 5 g/t gold. Preliminary grade modeling indicates that 47% of the rock volume from the 125 meter long by 75 meter wide by 75 meter deep segment of the TIC consists of grades under 1 g/t gold; 27% consists of grades between 1 and 2 g/t gold; 15% consists of grades between 2 and 2.5 g/t gold; and 10% consists of grade over 2.5 g/t gold.

The Company has hired two drilling contractors that will drill simultaneously on the Courville Gold Property, and plans to add more drilling based on the results as they become available.

Mr. Alex Horvath, P. Eng., of A.S. Horvath Engineering Services has already started work to produce a National Instrument 43-101 compliant resource estimate for the Courville Gold Property, scheduled for completion in the second quarter 2007. Mr. Jean Lafleur, P. Geo., will be the Company's Qualified Person within the meaning of National Instrument 43-101 overseeing the Courville Gold Property work.

"Jean Lafleur"

P. Geo., Director

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. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company also has an option to acquire 100% of a number of Canadian and Mexican properties including multiple properties in the State of Chihuahua. Mexico. Pershimco's wholly owned San Miguel Silver-Zinc Property, in the Cusi Mining District is under option to Dia Bras Exploration (TSX VENTURE:DIB).

The Company's strategy is to advance its exploration properties towards metal reserves and eventual production, covering the exploration and development of the Courville Gold Property. Management of the Company expects very positive results from the pilot mining program at San Miguel.

FORWARD-LOOKING STATEMENTS -- This press release contains forward-looking statements reflecting Pershimco objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.

A graphic is available on the CCNMatthews website at the following address: http://www.ccnmatthews.com/docs/Pershimcograph_eng.jpg

www.pershimco.ca

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