Pershimco Resources Inc.
TSX VENTURE : PRO
FRANKFURT : BIZ

Pershimco Resources Inc.

February 06, 2012 11:04 ET

International Mining Project Manager, Pierre J. Lafleur Joins Pershimco's Board of Directors

ROUYN-NORANDA, QUEBEC--(Marketwire - Feb. 6, 2012) - PERSHIMCO RESOURCES INC. (the "Corporation" or "Pershimco") (TSX VENTURE:PRO) (FRANKFURT:BIZ) is pleased to announce the nomination of Mr. Pierre J. Lafleur, P.Eng, as a director of the Corporation. Following a marked evolution of Pershimco requiring to move towards a development phase, Mr. Pierre J. Lafleur will succeed to Mr. Jean Lafleur as a director. Mr. Jean Lafleur ceases also his functions as officer of Pershimco.

Mr. Pierre J. Lafleur speaks fluently French, English and Spanish and has been working internationally as an independent Consulting Engineer (Geology) as well as for various major mining companies including BHP-Billiton, Goldcorp and Xstrata.

He specialized in property evaluation, mineral resource estimation and various aspects of exploration and mining project management, including economic analysis, using detailed computer models. Pierre gives training and conferences as well as writes articles and papers on resources modeling.

He has extensive experience in base metal and precious metal, including grade control and quality control of production. He is familiar with open pit operation of various sizes. Pierre has practical and extensive experience in applying geostatistics to mineral resource modeling and he is mastering most advanced computer software packages available to the mining industry. He is a qualified person in accordance with the National Policy 43-101 and has been involved in feasibility studies with renowned engineering firms like SNC-Lavalin.

Mr. Alain Bureau, President and Chief executive officer of Pershimco, declares: "Pershimco team wishes to thank Mr. Jean Lafleur for his devotion and contribution and whishing him the best in his future projects. We are pleased to join Pierre into our team as we are building ounces progressing towards the development of Cerro Quema project.

The Board has granted 100,000 Incentive Stock Options to Mr. Pierre J. Lafleur from the Company's capital stock, exercisable for up to 5 years at a price of $1.00 per share. The options granted will vest as per the Company's corporate rules and will be subject to any applicable regulatory hold periods.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resources and exploration corporation listed on the TSX Venture Exchange (symbol PRO.V) and the Frankfurt Exchange (symbol BIZ). The Corporation holds several mining properties in Canada and South America including the extraction permited Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp, coowned in partnership with Osisko Mining Corporation. The Corporation is managed by skilled and reputable people with extensive mining exploration and development experience. The Pershimco Team and our investors are the key to our success.

The Corporation's documents are available on www.sedar.com

Please visit the Corporation's website at www.pershimco.ca

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statement.

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