Pershimco Resources Inc.
TSX VENTURE : PRO
FRANKFURT : BIZ

Pershimco Resources Inc.

July 18, 2007 10:43 ET

Pershimco Resources Announces the Acquisition of 13 Claims on the Courville Property in Abitibi and the Issuance of Shares for Debt

ROUYN-NORANDA, QUEBEC--(Marketwire - July 18, 2007) - Pershimco Resources (TSX VENTURE:PRO)(FRANKFURT:BIZ)(the "Corporation") announces the acquisition of 100% of 13 claims on the Courville property in Abitibi (the "Property"). As announced, the Corporation issued 120,000 Class "A" shares of the Corporation (the "Common Shares") in partial payment of the purchase price of the Property, as outlined in the Option to Purchase Agreement relating to the Property, entered into between the Corporation and the Thibodeau family on November 2, 1999. Such Common Shares are subject to a 4-month holding period. The purchase price totals $250,000, payable through the issuance of 120,000 Common Shares at a price of $1.05 per Common Share, on one hand, and $124,000 payable in cash over a 6 month period, on the other.

The Corporation also issued 51,000 Common Shares, subject to a 4-month holding period, in payment of professional fees rendered by Seguin Racine, Attorneys. These fees amount to $53,550.25, and therefore 51,000 Common Shares at a price of $1.05 per Common Share.

As announced, the Corporation issued 108,787 Common Shares, subject to a 4-month holding period, in payment of consultant fees of 3974715 Canada Inc., a holding corporation held by Mr. Francois Dumas, consultant for the Corporation. These fees amount to $81,589.89, and therefore 108,787 Common Shares at a price of $0.75 per share, following the final approval of the TSX Venture Exchange on June 20, 2007.

About Pershimco Resources

Pershimco Resources is a Canadian-based resource and exploration corporation trading on the TSX Venture Exchange under the PRO symbol. The Corporation holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp. The Corporation has an option to acquire 100% of a number of Canadian and Mexican properties, including multiple properties in the State of Chihuahua, Mexico. The Corporation's wholly owned San Miguel Silver-Zinc Property, in the Cusi Mining District, is under option to Dia Bras Exploration (TSX VENTURE:DIB).

The Corporation'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.

www.pershimco.ca

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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