Pershimco First Drill Results on New Zones Show Positive Potential Upside with 183 Meters at 1.00 g/t Gold Equivalent at Cerro Quema (Panama) PDH-11-006 confirms supergene and an important second sulphide-rich zone with Gold-Silver-Copper including 3

ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 06/15/11 -- PERSHIMCO RESOURCES INC. (the 'Company' or 'Pershimco') (TSX VENTURE: PRO)(FRANKFURT: BIZ) is pleased to announce assay results from the 2011 exploration campaign at the Company's Cerro Quema Gold-Copper Project (the 'Project') in Panama. Pershimco has already completed over half of the planned 6,000 metres diamond and Reverse Circulation drilling within the western 4 km segment of the east-southeast trending 17-kilometre Cerro Quema Gold-Copper Trend (the 'Trend'), that includes La Pava, Chontal and Quema-Quemita targets (refer to the appended Figure 1 at the following address: http://media3.marketwire.com/docs/110615_PRO_F1.pdf). The aim is to expand the limits of the known mineralization outside the known limits of the historic mineralization.

The first assay results came from drill holes PDH-11-006 located at the northern edge part of the La Pava mineral resources limits (refer to the appended Figure 2 at the following address: http://media3.marketwire.com/docs/110615_PRO_F2.pdf), and PDH-11-001 at the Chontal target located roughly halfway between La Pava and Quema-Quemita. Refer to the table detailing the assay intervals from both drill holes.

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                                  CORE
                   FROM     TO  LENGTH    G/T     G/T      %
DDH#                (m)    (m)     (m)   GOLD  SILVER COPPER      COMMENTS
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La Pava Target
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PDH-11-006          0.0   95.0    95.0   0.39    6.45   0.07    OXIDE ZONE
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Gold
Equivalent(i)                            0.68
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                   95.0  117.0    22.0   0.19    0.54   0.45 SULPHIDE ZONE
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Gold
Equivalent(i)                            1.04
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                  144.0  183.0    39.0   0.28    1.57    1.3 SULPHIDE ZONE
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Gold
Equivalent(i)                            2.36
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Chontal Target
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PDH-11-001          0.0   19.0    19.0   0.41     n/a    n/a    OXIDE ZONE
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(i) Gold Equivalent calculated using last 12 months average price at ; US
$1,446 / oz Gold, US $28.89 / oz Silver and US $4.52 / lb Copper, and is not
adjusted for metallurgical recoveries as these remain uncertain.
n/a - assays pending

Serge Biron, Pershimco's Exploration Manager in Panama, stated 'Diamond drill hole PDH-11-006 was about completely mineralized from top to 183 metres whether in the oxide or sulphide zones, and has also confirmed the presence of multiple lenses of disseminated and vein-type copper sulphides ranging from 10 to 30 metres core lengths, below the oxide zone, with assays in the 0.5 to 3% Copper range. We now await results from the next drill hole PDH-11-009 that will help to define the Copper system extension to the North.'

Mr. Biron added 'The Chontal interval adds to the premise that the three western targets of Quema-Quemita, La Pava and Chontal are linked to the same mineralized system along a 4-kilometre segment which bodes well for the remaining 13 kilometres of the Cerro Quema Gold-Copper Trend.'

Dr. Michael Drucker, P. Geo., Pershimco's Geological Consultant for Latin America, adds 'Hole PDH-11-006 validates to depths of nearly 200 metres the high sulphidation epithermal Gold-Copper mineralization in the La Pava deposit at Cerro Quema. Recent assay results from this hole show, in addition to the ore grade oxide gold mineralization in the 95 metre leach cap, a 22 metre remobilized or supergene copper-gold-silver zone that lies directly below the oxide zone. Core logging has corroborated these assay results with visual identification of chalcopyrite as well as the supergene Copper minerals, such as chalcocite and covellite.

Dr. Drucker also stated 'An important second sulphide-rich zone was also intersected between 144 and 182 meters. This deeper interval is hosted in silicic altered dacites cut by hydrothermal breccias. Many of these breccias show rounded to sub-rounded Copper-mineralized fragments within a strongly sulphidic matrix composed of pyrite, chalcopyrite and bornite. The nature of these sulphidic hydrothermal breccias is currently being investigated by Pershimco using multi-element analysis (ICP), alteration studies (PIMA), ground IP surveys and exploratory step-out drilling to help define the size and geometry.'

Results to date are show similarity in grade with Inmet Mining Corporation's Balboa discovery made in at the 100 percent owned Cobre Panama Project, (www.inmetmining.com) which intersected 0.95 % Cu and 0.43 g/t Au over 199.5 metres, within a broader interval of 0.65 % Cu and 0.26 g/t Au over 363.9 metres. The Cobre Panama project hosts measured and indicated mineral resources of 3.27 billion tonnes grading 0.36% Copper, 0.06 g/t Gold and 0.007% Mo ,that includes proven and probable mineral reserves of 2.14 billion tonnes grading 0.41% Copper, 0.07 g/t Gold and 0.008% Mo. Mineral resources are quoted at a cut-off grade of 0.15% copper. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

2011 Exploration Program Update

A diamond drilling rig has been performing the exploration in order to better define and increase the target's value. At the adjacent Chontal target, located east of La Pava, strong silicification can now be confirmed by diamond drilling over a 2 kilometre length and 150 metres width, between the La Pava and Quemita mineralized domes. Also a total of 1,402 metres (406 metres in diamond drilling and 996 metres in Reverse Circulation drilling) was drilled at the Quema-Quemita target located 2 kilometres east of the Chontal target along the same mineralized trend. Drilling of the Quema-Quemita target is aimed at increasing the target's potential in the oxides at depth.

Pershimco's drilling is oriented towards significantly increasing the mineral resources in the oxides and also the gold and copper contained in the supergene and primary sulphide zones below the oxides. Pershimco's technical team has also advanced and supplemented the systematic surface litho-structural mapping with channel and rock chip sampling of the western trend. To date, 731 rock samples have been taken utilizing portable rock saws to channel sample zones of silicic/vuggy alteration cropping out in the western targets. The work will complement the existing database and add to the regional picture along the Trend. On the 490 Gold results received, mostly from La Pava and Chontal area, 3 are over 1.0 g/t Gold, 21 between 0.5 and 1.0 g/t Gold, 32 between 0.3 and 0.5 g/t Gold, 120 between 0.1 and 0.3 g/t Gold and 314 below 0.1 g/t Gold. These results show again, a clear upside potential for the whole area.

Quality Assurance / Quality Control ('QA/QC')

Drill core from diamond and RC drill holes are transported by Pershimco technical personnel from the drill sites to the Cerro Quema field office logging facilities. There, qualified geologists and technicians log, sample tag and half-split the core in 1 m lengths using a saw. The individual sampled intervals of half-split core are then inserted in tagged plastic bag and sealed in boxes of 19 samples including a standard and a blank (17 samples plus 1 standard material and 1 blank). Boxes were then shipped to Panama City, then flown by plane to Canada where they ultimately arrive at the Activation Laboratories facility in Ste-Germaine-de-Boule (Quebec, Canada). Once at the assay laboratory, an employee of Pershimco verifies the individual sealed samples to ensure their integrity and then authorizes the assaying. At the laboratory, bags are opened and individual samples are inventoried, dried, finely crushed to 70% at less than 2 mm, then pulverized to 85% at less than 75 um, and riffle-split to 50 grams for final fusion. Assays were done using the Pyro-analysis Method with Atomic Absorption Finish for Gold, Silver and Copper. A re-assay was done on each sample with result greater than to 2.5 g/t Gold.

The information contained in this news release has been reviewed and approved by Mr. Jean Lafleur, M. Sc., P. Geo., Vice-President Exploration and Director, a Qualified Person under NI 43-101 rules and standards.

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. 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

Please visit the Corporation's website at www.pershimco.ca

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.

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.

Contacts:

Pershimco Resources Inc.

Alain Bureau, P. Eng.

President and Chief Executive Officer

1 (819) 797-2180
ressources@pershimco.ca
www.pershimco.ca