Pershimco Resources Inc.

Pershimco Resources Inc.

November 16, 2006 15:39 ET

Pershimco Names New Vice-President Operations and Appoint IR Firm

ROUYN-NORANDA, QUEBEC--(CCNMatthews - Nov. 16, 2006) - Pershimco Resources (TSX VENTURE:PRO) today announces the nomination of Alain Bureau, ing., as its new Vice-President of Special Projects and Operations. The company also appoints Paradox Investors Relations inc. of Montreal to handle its public relations.

Mr. Alain Bureau hold an engineering degree from the Royal Military College of Canada, He worked in the mining industry in Canada, Chile, Peru and in Mexico. Mr. Bureau has more than 15 years of experience in construction and in project management. In the past he was involved on sizable international projects like Escondida in Chile where the principal partners are BHP Biliton (NYSE :BHP) (ASX :BHP) and Rio Tinto (LSE :RIO) (OTC :RTPPF). He also worked on projects in Peru where Glencore International AG was the lead principal and on many Canadian projects of Agnico Eagle (NYSE :AEM) (TSX :AEM), Falcon Bridge and Noranda, now both parts of Xstrata (LES :XTA) (ZSE :XTA). Until today, Mr. Bureau was the Venezuela Construction division director of the Montreal engineering and construction firm Dessau-Soprin International. His experience in the implementation of mining facilities and his knowledge of the Mexican managerial culture will be a great strategic addition to Pershimco.

Pershimco would also like to announce, subject to the TSX venture Exchange's approval, the appointment of Paradox Public Relations as its new Investors and Public Relations firm. The Montreal outfit will enable the company to free the schedule of its directors and employees to concentrate on the growth of the company's operations and will enable the improvement of the relations with the financial community.

The company announces also the grant of stock options:

- Mr. Jean Lafleur, Director 200,000 stock options.

- M. Ali Abbas Ali Al-Hazeem, Director, 200,000 stock options.

- Mr. Alain Bureau, Vice-President Operations and Special Projects,

200,000 stock options.

- Mr. Jean-Yves Laliberte, Director, 100,000 Stock options.

These stock options are part of the company's compensation plan and the strike price is 0,32$.

The company also grants to Paradox Public Relations 200,000 stock options with a 0,36$ strike price.


"Roger Bureau"
Roger Bureau, President

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). Both partners are aggressively advancing the Property towards the pilot mining stage by the first quarter of 2007.

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. Pershimco's management expects 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.

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