Pershimco Discovers New Gold-Copper-Molydenum Trend at its Cerro Quema Project in Panama - Seite 2

This successful program leads to additional surface exploration over the entire concession area and will focus on stream sediment, soil grid, ridge and spur geochemical sampling. In addition, all geochemical targets will be classified and prioritized with the incorporation of airborne (VTEM, magnetics, radiometrics) and ground (IP) geophysical anomalies.

"The results from this successful reconnaissance exploration program represent a significant step forward for Pershimco by identifying the projects' additional mineral potential. Historically, limited work has been completed outside of the La Pava and Quemita gold deposit areas. The mapping and sampling completed to date on only a portion of the concession area have identified several new styles of mineralization with very encouraging early results," said Mr John Kapetas, V.P. of Exploration of Pershimco.

Added Alain Bureau, President and CEO, "Not only does this exciting discovery further underline the increasing value and world class footprint of our Project, but it also continues to demonstrate the strength of our technical team, our scientific approach and our geological model."

The information contained in this press release has been reviewed and approved by Mr. John Kapetas, B.Sc. Hons, MAusIMM, MAIG, a Qualified Person under NI 43-101 rules and standards.

About Pershimco Resources Inc.

Pershimco Resources Inc. (TSX VENTURE:PRO)(FRANKFURT:BIZ) is a mineral exploration and development company with a near-term gold oxide production scenario and a copper-gold porphyry target at its 100%-owned Cerro Quema Project in Panama. Cerro Quema's concession boasts paved road access, no indigenous groups and the most favorable climate in the country. Based on the results from a recently released pre-feasibility study, the Company's extraction-permitted gold oxide project has a pre-tax NPV of $165 million US with a pre-tax internal rate of return of 46.8% ($110 million US after tax with an after-tax rate of return of 33.7%), supported by great recovery rates (86%) and lowest quartile all-in sustaining cash cost of $631/oz. Led by a skilled management team with a proven track record of building successful operating mining facilities in the Americas, Pershimco's project is scheduled to be in production in 2016. Additionally, the Cerro Quema Project has proven to have significant exploration upside with resource expansion potential in over 12 oxide targets identified along a 17km trend as well as porphyry indicators along a 12km strike length that suggests a copper-gold porphyry system is at depth. With strong shareholder support, Pershimco aims to achieve cash flowing status in the near term to continue uncovering the value of Cerro Quema. Please refer to the Cerro Quema Project - Pre-Feasibility Study on the La Pava and Quemita Oxide Gold Deposits, available on the company's website, and National Instrument 43‐101 compliant Technical Report dated August 15, 2014, filed on SEDAR on August 22, 2014 as well as to the press release of July 8, 2014.