Pershimco Resources Inc.

Pershimco Resources Inc.

April 17, 2012 08:45 ET

Pierre Lacombe Joins Pershimco's Team

ROUYN-NORANDA, QUEBEC--(Marketwire - April 17, 2012) - PERSHIMCO RESOURCES INC. (the "Corporation" or "Pershimco") (TSX VENTURE:PRO)(FRANKFURT:BIZ) is pleased to announce the nomination of Mr. Pierre Lacombe, as the Corporation's Vice-President, Project Development. Mr. Pierre Lacombe joins Pershimco's team after nearly 12 years spent as principal process engineer for AMEC, contributing to project engineering for companies like Barrick, Kinross, Xstrata, BHP, Codelco, Teck, Northgate, Aur Resources and Yamana on world-class projects.

In his latest assignment, Mr. Lacombe occupied the position of Process Manager in Chile for the EPCM of a 160,000 tpd copper/gold flotation and CIL operation, involving the use of HPGR, coupled with a 100,000 tpd gold heap leaching facility completed with a SART circuit. Mr. Lacombe participated from the prefeasibility study phase to the EPCM phase of this project. Mr. Lacombe has also been involved as a peer reviewer in the feasibility of the Cu/Mo Petaquilla project (Inmet's Cobre de Panama Project), located in Panama.

Mr. Lacombe is a mining engineer specialized in mineral processing and speaks French, English and Spanish fluently. Mr. Lacombe has over 27 years of experience in mining and mineral processing where he has been responsible for operations, plant and engineering management, design and mill start-ups. He is also experienced in the preparation of studies and review for gold heap leaching and CIP/CIL, as well as industrial minerals processing plants.

Mr. Alain Bureau, President and Chief Executive Officer of Pershimco, declares: "The addition of Mr. Lacombe fits into our objectives of developing a world-class project in Panama. His knowledge and broad view of project development will contribute to Pershimco's vision of delivering high-quality projects."

The Corporation's Board of Directors has granted 200,000 incentive stock options to Mr. Lacombe from the Corporation's capital stock, exercisable for up to 5 years at a price of $1.35 per share. The options granted will vest as per the Corporation's corporate rules and will be subject to any applicable regulatory hold periods.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resources 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 extraction permitted Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp being explored in partnership with Osisko Mining Corporation. The Corporation is managed by skilled and reputable people with extensive mining exploration and development experience. The Pershimco Team and our investors are the key to our success.

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