Pershing Resources Re-Affirms Significant Land Position and Sets Plans for an Exploration Drilling Program On Its Wholly Owned New Enterprise Copper Project in Northern Arizona

RENO, NV / ACCESSWIRE / September 20, 2023 / Pershing Resources Company, Inc. ("Pershing" or the "Company") (OTC PINK:PSGR), announced that, as of September 01, 2023, it has paid the US Bureau of Land Management ("BLM") annual maintenance fees to secure the mineral rights for it's 100% owned New Enterprise Property as well as four additional nearby exploration prospects in northern Arizona through September 3, 2024, constituting the New Enterprise Project.

The New Enterprise Project covers 11.84 square miles, or 3,068 hectares, and is located in the Maynard Mining District near Kingman, Arizona. The property includes four key exploration targets with known copper porphyry-related mineralization that have never been drill tested to the knowledge of the Company and are located within a "structural corridor" four miles long and 0.4 miles wide. These areas of mineralization are discussed in the SK-1300 Technical Report Summary received in May of 2022, (the "Report") Current Technical Report: Pershing Resources Company, Inc. (PSGR) (pershingpm.com)

With this BLM payment behind us, management is currently reviewing contractor bids and is working to secure private funding to complete Phases as outlined in the Report and adjusted for inflation. The conceptual exploration model outlined in the Report takes into consideration remote sensing products (airborne geophysics and photo-satellite imagery), that have through interpretation partially rendered overlapping alteration and structural patterns. These features are intriguing and have not been previously considered, they may have concealed the mineral resource potential of the New Enterprise Property. A three-phase exploration program has been outlined to better constrain the conceptual exploration model to determine the significance of the structurally controlled mineralization.

The New Enterprise Project area lies between the Mineral Park Mine, twenty miles to the northwest and the Bagdad Mine, forty-five miles to the southeast, both of which are within the copper producing Laramide Arc.

Edward C. Walker, Ph.D., P.Geo., author of the SK-1300 Technical Report, is an independent consultant to the Company, and a "qualified person" as defined under the rules and regulations of the U.S. Securities and Exchange Commission. The technical content of this press release has been reviewed and approved by Dr. Walker.

An updated Technical Presentation on Pershing Resources' New Enterprise Project is available on our website at: https://www.pershingpm.com/projects/the-new-enterprise-project/technic ...