PERSHIMCO RESOURCES INC.
TSX VENTURE : PRO
FRANKFURT : BIZ

PERSHIMCO RESOURCES INC.

October 28, 2011 17:47 ET

Pershimco Resources Inc.: Granting of Options

ROUYN-NORANDA, QUEBEC--(Marketwire - Oct. 28, 2011) - PERSHIMCO RESOURCES INC. (the "Corporation" or "Pershimco") (TSX VENTURE:PRO)(FRANKFURT:BIZ) announces the granting, pursuant to its Stock Option Plan, of 150,000 options to Mr. Richard Leroux, Pershimco's consultant. Each option is exercisable at a price of $1.16 for a period of five years from the date of grant.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resource and exploration corporation listed on the TSX Venture Exchange (symbol PRO.V) and the Frankfurt Exchange (symbol BIZ). The Corporation holds several mining properties in Canada and South America including the recently acquired Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp, co-owned in partnership with Osisko mining corporation. The Corporation is managed by skilled, reputable people with extensive mining exploration and development experience. The Pershimco Team and our investors are the key to our success.

The Corporation's documents are available on www.sedar.com.

For more information, please visit the Corporation's website at www.pershimco.ca.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

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