TSX-V: PRO FSE: BIZ
11 Perreault Street East Rouyn-Noranda, Quebec Canada J9X 3C1
WWW . PERSHIMCO .CA

PRESS RELEASE

PERSHIMCO RESOURCES ANNOUNCES THE FIRST CLOSING OF ITS PRIVATE PLACEMENT
ROUYN-NORANDA, QUEBEC - January 13, 2010 - Pershimco Resources Inc. (the « Corporation ») (TSX-V: PRO) (FSE: BIZ) is proud to announce the first closing of its private placement for subscriptions representing $1,275,000, for the issuance of a total of 8,500,000 class "A" common shares of the Corporation (the "Common Shares") at a subscription price of $0.15 per unit, subject to the final approval of the TSX Venture Exchange and regulatory authorities.
Each unit will consist of 1 Common Share and 1 warrant (the "Warrant"). Each Warrant will entitle the holder thereof to purchase 1 Common Share at an exercise price of $0.30 per Common Share, for a
24 month period from the date of issuance of the Warrant. Each issued Common Share will be subject to a
4 month holding period.
"This first closing will allow us to quickly mobilize a group of internationally reknown specialists to Panama in order to complete the due diligence process and begin the necessary operations" commented Mr. Alain Bureau, Eng., President and Chief Executive Officer of the Corporation. Mr. Alain Bureau personally participated in the first closing of the financing through the acquisition of 1,333,333 units for a total of $200,000.
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. For more information, please contact:
Alain Bureau, Eng. President and CEO (819) 797-2180

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TSX Venture Exchange) accepts responsibility far the adequacy or accuracy of this release.

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