Pershimco Resources Inc.

Pershimco Resources Inc.

December 12, 2006 10:22 ET

Pershimco Resources Inc.: 6,350 Tons Open Pit Bulk Sample Grades 248 g/t Silver at La Bamba

CHIHUAHUA, MEXICO--(CCNMatthews - Dec. 12, 2006) - Pershimco Resources (TSX VENTURE:PRO) reports today that 6,350 tons grading 248 g/t Ag have been extracted from the La Bamba open pit as part of the ongoing exploration program conducted by its partner Dia Bras Explorations Inc. (TSX VENTURE:DIB) as part of the on-going exploration program at the La Bamba and San Miguel properties, operated under an earn-in agreement with Dia Bras.

As of the first week of December, a total of 6,350 Wet Metric Tons have been taken from the existing broken material lying at the bottom of the pit. This oxide material is being stockpiled nearby and then transported to the Malpaso mill.

A total of 277 truck loads were necessary to build the stockpile, 254 of them were sampled and assayed at the Malpaso laboratory and returned between 40 and 880 g/t Ag. The average results for the 254 samples graded 248 G/T Ag.

The samples were not assayed for gold but more than 50 metallurgical tests performed on the material from La Bamba show the gold content to be approximately 0.60 g/t Au. The tests also revealed that a recovery of 70% can be achieved for silver. All samples were assayed by atomic absorption at Dia Bras' Malpaso lab.

La Bamba is an open pit that follows a northeastern trending 30-meter thick silver bearing breccia structure with a steep southeastern dip. The pit measures 100 meters long by an average of 20 meters wide and up to 30 meters deep. The mineralization, which includes La Bamba and San Miguel, has a known strike length of 1,6 kilometers.

Mr. Alain Bureau Vice-President Operations and Special Projects commented from Chihuahua: "(...) the important amount of data that we can expect from a bulk operation of this size represent an strategic tool to estimate the potential of this mining concession (...) especially knowing that the material being processed is part of the open pit cleaning phase and keeping in mind that these results are part of a larger data sampling process (...) we are very satisfied with Dia Bras exploration calendar which meets Pershimco's strategy for its Mexican properties (...)."

Dia Bras (TSX-V:DIB) commissioned an independent 43-101 technical report to Scott Wilson Roscoe Postle, expected to be completed by the end of the year. Mr. Jean Lafleur, P.Geo., a Pershimco director and technical advisor, is the qualified person for all of Pershimco's properties within the meaning of National Instrument 43-101.



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. Pershimco's management expects positive results from the pilot mining program at San Miguel.

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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.

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