Pershimco Resources Inc.

Pershimco Resources Inc.

March 02, 2007 14:31 ET

Pershimco Announces an Issue of Shares for Debt

ROUYN-NORANDA, QUEBEC--(CCNMatthews - March 1, 2007) - Pershimco Resources Inc. (TSX VENTURE:PRO) ("Pershimco" or the "Corporation") announces, subject to the TSX Venture Exchange approval and the approval of any other securities authority, that it will issue 108,787 common "A" shares of the Corporation for consultant fees of 3974715 Canada Inc., a holding corporation held by Mr. Francois Dumas, consultant for Pershimco. These fees amount to $81,589.89, meaning that Pershimco will issue 108,787 common "A" shares at a price of $0.75 per share.

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 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-V: DIB).

The Company's strategy is to advance its exploration properties towards metal reserves and eventual production, which also covers the exploration and development of the Courville Gold Project.

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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.

The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of the content herein.

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