Pershimco Resources Inc.: Closings of the Financing Through a Convertible Debenture of $1,000,000 and of a Concurrent Private Placement of $100,000

ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 08/06/10 -- Pershimco Resources Inc. (the 'Corporation') (TSX VENTURE: PRO) (FRANKFURT: BIZ) is proud to announce the closing of a financing of $1,000,000 through guaranteed convertible debentures in Common Shares, as disclosed by press release on July 29, 2010.

The convertible debentures to be issued will have a term of 24 months, bearing an interest rate of 14% per annum and payable quarterly. The capital and interest on said debentures will be guaranteed by the assets of the Corporation. While the capital will be convertible at a price of $0.35 per Common Share, the issuing price of the shares to be issued in payment of the conversion of the interests will be established in accordance with the Policy 4.3 Shares for Debt of the TSX Venture Exchange or its policies applicable at the time of the conversion. A number of 2,857,142 Common Shares of the Corporation is reserved with the TSX Venture Exchange in order to guaranty the conversion right of its holders. Each issued Common Share will be subject to a 4 month holding period. The TSX Venture Exchange having approved the placement, the funds will serve to insure adequate working capital to the Corporation and to guaranty the viability of any expansion projects that may arise.

Furthermore, the Corporation announces the closing of a non-brokered private placement for subscriptions amounting to Cdn$100,000 for the issuance of a total of 400,000 units at a price of $0.25 per unit, the TSX Venture Exchange having approved the placement.

Each unit will consist of one (1) class 'A' common share of the Corporation (the 'Common Share') and one (1) warrant (the 'Warrant'). Each Warrant will entitle the holder thereof to purchase one (1) Common Share at an exercise price of $0.40 per Common Share, for a 12 month period from the date of issuance of the Warrant. Each issued Common Share and Warrant will be subject to a 4 month holding period.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resource exploration corporation holding strategic properties located in Quebec, Canada and in Latin America.

The Corporation's documents are available on www.sedar.com.

Neither 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 release.

Contacts:

Alain Bureau, P. Eng.

President and Chief Executive Officer

819-797-2180
www.pershimco.ca