Pershimco Resources Inc.

Pershimco Resources Inc.

March 15, 2007 17:03 ET

Pershimco Completes First Phase 5,000 Meters Drilling on Courville Property

ROUYN-NORANDA, QUEBEC--(CCNMatthews - March 15, 2007) - PERSHIMCO RESOURCES INC. (TSX VENTURE:PRO) announce today that the planned winter 2007 diamond drill campaign was completed on schedule at the Company's 100% owned Courville Gold Property, 60 km NE of the Val-d'Or Mining Camp in northern Quebec.

A total of 5,115 m representing 33 NQ-sized holes was drilled from February 15 to March 14, 2007. The main objective of the campaign was to extend the known gold mineralization along the Thibodeau Intrusive Complex (or "TIC") from the 250 m tested to date by the Company. The current drilling tested an additional 500 m of the TIC - 350 m to the NW and 150 m SE, beyond the 250 m historically tested interval. The mineralization is now extended over a 750 m segment of the 3 km long TIC.

The gold bearing TIC was intersected in all drill holes from near surface to a -150 meter vertical depth. Whenever intersected, the TIC was distinctly altered carrying 1-2% disseminated pyrite and up to 10% quartz stockworks. Lamprophyres (possibly dykes) are common along the southern boundary of the TIC.

Approximately 2,500 assay samples were taken from the 1/2 split NQ drill core. Samples were shipped to the Techni-Lab S.G.B. Abitibi Inc. facility in Ste-Germaine-de-Boule for gold-silver assaying. Samples are to be dried, weighed and crush to -10 mesh. A 250 gram fraction will be pulverized, with a 50 gram being taken for geochemical analyses. All samples over 1,000 ppb gold will be re-analyzed using a gravimetric finish.

All drill holes have been surveyed and tied to recently cut grid lines, which are also being used for a property-wide gravity geophysical survey which is currently in progress. The objective here is to outline the full extent of the TIC in contrast to the denser surrounding mafic and ultramafic volcanic rocks.

The mineralization occurs within five (5) sub-horizontal quartz stockwork domains, ranging from 2.5 to 7.5 meters each in width and grading between 2 and 5 g/t gold. However, assays for the original 250 meter segment of the TIC prior to the current drill campaign averaged 1.09 g/t gold (refer to the January 16, 2007 news release). The 1.09 g/t gold grade is similar to other grades from gold projects and operations in the Abitibi and Frotet Greenstone Belts (egs.: Typhoon's Fayolle between 0.7 and 1.40 g/t, Osisko's Canadian Malartic between 1.14 and 1.20 g/t, Inmet's Troilus @ 1.09 g/t). This similarity demonstrates that the gold mineralizations are probably of the same metallogenic style and origin, and that tonnages can attain significant sizes.

The Company plans to initiate the next drilling campaign as soon as the geophysical survey and assay results have been received and assessed. Assay results will be released as they become available.

With the recent financings, the Company has C$ 2.1 million to continue its exploration efforts in the near term.

On another topic, the company would also like to give the final correction on yesterday's press release regarding the most recent private placement. The final amount in Canadian dollars is $883,250 and all the placees are living outside of Canada.


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-V: 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 Project and the Camila-Melina Gold and Copper Project.

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For further information, please contact: Paradox Investor Relations, (866) 460-0408, or (514) 341-0408, FAX: (514) 341-1527 or by email

FORWARD-LOOKING STATEMENTS -- This news 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.

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