Pershimco Resources Inc.
TSX VENTURE : PRO

Pershimco Resources Inc.

March 21, 2007 17:34 ET

Pershimco First Drill Results From Courville, Cuts 1.01 g/t Gold Over 46 Meters

ROUYN-NORANDA, QUEBEC--(CCNMatthews - March 21, 2007) - PERSHIMCO RESOURCES INC. (TSX VENTURE:PRO) is pleased to release a first batch of drill results from the recently completed winter 2007 diamond drill campaign 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 at Courville to date. The current drilling tested a 500 m extension of the Thibodeau Intrusive Complex (TIC), 350 m to the northwest and 150 m southeast, beyond the 250 m historically tested interval. The mineralization is now extended over a 750 m segment of the 3 km long TIC. Best interval results to date are as follows:



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DDH NO. FROM TO INTERVAL GOLD
(meters) (meters) (meters) GRADE
(g/t)
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150 M SOUTHEAST EXTENSION
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PRO-07-01 125.0 148.0 23.0 1.01
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Incl. 138.0 147.0 9.0 2.26
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Incl. 138.0 140.0 2.0 9.05
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PRO-07-02 No significant results
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PRO-07-03 No significant results
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PRO-07-04 No significant results
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PRO-07-05 18.0 19.0 1.0 2.62
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22.0 23.0 1.0 1.14
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41.0 58.0 17.0 1.54
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Incl. 41.0 51.0 10.0 2.02
--------------------------------------------------
Incl. 46.0 47.0 1.0 15.92
--------------------------------------------------
Incl. 57.0 58.0 1.0 4.30
--------------------------------------------------
98.0 104.0 6.0 1.07
--------------------------------------------------
Incl. 98.0 100.0 2.0 2.37
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PRO-07-06 12.0 14.9 2.9 0.92
--------------------------------------------------
PRO-07-07 140.0 141.0 1.0 2.04
--------------------------------------------------
PRO-07-08 60.0 65.0 5.0 1.14
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Incl. 62.0 63.0 1.0 5.56
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76.0 77.0 1.0 2.68
--------------------------------------------------
105.0 109.0 4.0 1.07
--------------------------------------------------
Incl. 106.0 107.0 1.0 3.54
--------------------------------------------------
PRO-07-17 168.6 169.0 0.4 1.56
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PRO-07-19 23.0 24.0 1.0 1.85
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61.0 62.0 1.0 1.57
--------------------------------------------------
Incl. 73.0 74.0 1.0 1.75
--------------------------------------------------
PRO-07-20 49.0 59.0 10.0 1.01
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Incl. 49.0 54.0 5.0 1.76
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Incl. 49.0 51.0 2.0 3.42
--------------------------------------------------
77.0 82.0 5.0 1.01
--------------------------------------------------
Incl. 77.0 78.0 1.0 3.52
--------------------------------------------------
90.0 91.0 1.0 2.38
--------------------------------------------------
150.0 151.0 1.0 4.54
--------------------------------------------------
350 M NORTHEAST EXTENSION
--------------------------------------------------
PRO-07-22 71.0 117.0 46.0 1.01
--------------------------------------------------
Incl. 71.0 86.0 15.0 1.50
--------------------------------------------------
Incl. 96.0 107.0 11.0 1.51
--------------------------------------------------


(i) Assays are pending for the remaining drill holes for the south-east extension PRO-07-18, and north-west extension PRO-07-09 to 12, 14 to 16, 21, and 23 to 33. There is no drill hole PRO-07-13. Intervals are given in core lengths, which are very close to actual true widths, since the mineralized zones are sub-horizontal. Assay protocols were outlined in the news release of March 15, 2007).

The gold bearing TIC was intersected in all 33 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. Assay results to date confirm the high grade-narrow and low grade-wider intervals in the new proposed geological model for the Courville Property (refer to news releases of March 15 and January 16, 2007), consistent with other active gold projects in the Abitibi and Frotet Greenstone belts, for example Osisko's (TSX-V: OSK) Canadian Malartic between 1.14 and 1.20 g/t, Inmet's (TSX: IMN) Troilus @ 1.09 g/t). The Company plans additional drilling as soon as the geophysical survey and assay results have been received and assessed.

ON BEHALF OF THE BOARD OF DIRECTORS

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 Inc. 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 Project.

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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