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Pershimco Resources Inc.: Press Release Clarification

^{Published on 2009-12-31 08:10:11 - Market Wire}
 

ROUYN-NORANDA, QUEBEC--(Marketwire - Dec. 31, 2009) - Pershimco Resources Inc.(TSX VENTURE:PRO)(FRANKFURT:BIZ)(the "Corporation") wishes to clarify that the resources and reserves disclosed in today's earlier press release were provided by the Panamanian company, Minera Cerro Quema S.A. and are being retracted by the Corporation as non-compliant with Canadian regulations. Comprehensive details regarding the terms and conditions of the transaction will be disclosed upon the signing of a final agreement over the following weeks.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resource exploration corporation holding strategic properties located in Quebec, Canada and in the state of Chihuahua, Mexico.

The properties include a 100% interest in the highly prospective Courville Gold Project located in the Val-d'Or/Malartic Gold Mining Camp in Quebec. The Camp has historically produced 25 million ounces of gold. The Corporation also holds a 50% interest in the highly prospective La Bamba and San Miguel Silver properties located in the Cusi Silver Mining Camp. The Corporation has the option to increase its interest in the project to 70%, based on a new agreement entered into with its partner Dis Bras Exploration Inc. Furthermore, the Corporation holds a 100% interest in the polymetallic (copper-silver-gold-zinc) Skarn Magistral Project, also located in the State of Chihuahua, Mexico.

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

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

Neither 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 release.