Pershimex Resource Corporation announced the signing of a letter of intent for the custom milling of the bulk sample of 5,000 tons from the Pershing-Manitou site, Courville property, with the Sleeping Giant mill owned by Abcourt Mines Inc. This letter of intent was the last document required to finalize applications for bulk sampling and site restoration authorization from the government. The bulk sampling request involves the extraction of 5,000 tons of mineralized material from the surface crown pillar of the former Pershing-Manitou gold mine. This volume of material will be taken from the volume previously defined by the recent Mineral Resource Estimate (MRE).

Indeed, the MRE report filed on SEDAR on January 24, 2022 (NI 43-101 Technical Report and Mineral Resources Estimate for the Pershing-Manitou Project, Abitibi, Quebec, K. Williamson, 3DGeo Solution Inc.) confirms the presence of 9,200 tons grading at 7.2 g/t Au, for a total of 2,100 ounces of gold in the measured category. To define this category of resources, Pershimex invested less than $1 million on the field and completed approximately 3,000 meters of drilling.