ROUYN-NORANDA, QUEBEC--(Marketwire - July 30, 2010) - Pershimco Resources 
Inc. (the "Corporation" or "Pershimco") (TSX VENTURE:PRO) (FRANKFURT:BIZ) 
is pleased to announce the second and last closing of its previously 
announced private placement of $2,000,000 for subscriptions representing 
$434,288 Canadian dollars for the issuance of a total of 1,737,152 units at 
a price of $0.25 per unit. The Corporation had completed on June 22, 2010, 
the first phase of its financing with subscriptions totaling $1,565,712.

Each unit will consist of 1 class "A" share of the Corporation (the "Common 
Share") and 1 warrant (the "Warrant"). Each Warrant will entitle the holder 
thereof to purchase 1 Common Share at an exercise price of $0.40 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. 

"We are proud to finalize this second phase of financing, which will allow 
us to advance with our projects and provide our shareholders the return 
they deserve " said Alain Bureau, President and Chief Executive Officer. 

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. 

For more information, please visit the Corporation's website at 
www.pershimco.ca.

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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Pershimco Resources Inc.
Alain Bureau, P. Eng.
President and Chief Executive Officer
819-797-2180