Pershimco Buys Back 70% of Cerro Quema NSR

Pershimco Resources Inc. (the "Company" or "Pershimco") (TSX
VENTURE:PRO)(FRANKFURT:BIZ) is pleased to inform its shareholders that it has
repurchased 70% of all remaining net smelter royalties ("NSR") on the Cerro
Quema project from a group of Panamanian entrepreneurs (CEMSA).


This purchase allows Pershimco to increase the net present value ("NPV") of the
project, providing a higher return per share and a much stronger financial
model. Specifically, Pershimco has repurchased a 1.4% NSR related to future gold
and silver production, as well as a 2.45% royalty on copper and all other
mineral production from the project's concessions, leaving only a 0.6% NSR on
precious metals and 1.05% on other metals remaining privately held.


The Company has agreed to a purchase price of US $2.5M over a period of 18
months, to be paid in instalments as detailed below, bearing a 6% annual
interest rate.




Instalment                           Interest
At signature:         $300,000            ---
February 2014:        $600,000        $66,000
August 2014:          $700,000        $48,000
February 2015:        $900,000        $27,000



"We feel that this represents an important investment in this project,
particularly as our exploration work, including the promising results of our
recent geophysical surveys, continues to increase Cerro Quema's potential. In
line with our long term strategy, we are substantially increasing the overall
value of the project as well as making the exciting deeper geological potential
even more attractive," commented Alain Bureau, President and CEO of Pershimco. 


ABOUT PERSHIMCO RESOURCES INC. 

Pershimco Resources Inc. is a Canadian-based resources and exploration company
listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company holds
several mining properties in Canada and South America, including the extraction
permitted Cerro Quema advanced project in Panama and the Courville Gold Project
in the Val-d'Or Gold Mining Camp, being explored in partnership with Osisko
Mining Corporation. The Company is managed by skilled and reputable people with
extensive mining, exploration and development experience. The Pershimco Team and
its investors are the keys to its success. 


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

Please visit the Company's website at www.pershimco.ca.

Neither the 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 news release. Statements
made in this news release that are not historical facts are "forward-looking
statements" and readers are cautioned that any such statements are not
guarantees of future performance, and that actual developments or results, may
vary materially from those in these "forward-looking" statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alain Bureau, P. Eng.
President and Chief Executive Officer
+1 (819) 797-2180
ressources@pershimco.ca


Elina Chow
Investor Relations
+1 (416) 845-8495
info@pershimco.ca

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