ROUYN-NORANDA, QUEBEC, Oct. 19, 2010 (Marketwire) -- Pershimco Resources Inc. (the "Corporation" or "Pershimco") (TSX VENTURE:PRO) (FRANKFURT:BIZ) announces the appointment of Mr. Robert Bryce to the Corporation's Board of Directors, replacing Mr. Luc Fortin who resigned as Director for personal reasons.
Robert C. Bryce, P. Eng., MBA, is a graduate of the University of Toronto (B. Sc. Mining Engineering) and of Western University (MBA) who has over 40 years of practical and executive mining experience at all levels. From 1975 to 1990, he led the Selbaie Project from advanced exploration through feasibility to a 7,500 tpd producing mine. The Selbaie mine was Quebec's largest base metal producer for a quarter century. From 1990 to 1994, Mr. Bryce was VP Mining for Aur Resources where he led the $280 million development and start-up of the 4,000 tpd Louvicourt Cu-Zn-Ag-Au Mine near Val-d'Or (Quebec).
Mr. Roger Bureau, Chairman of the Board of Pershimco, states "We are pleased to welcome Mr. Bryce to the Pershimco Team. His experience and contacts in all levels of the industry will definitively bring an advantage to Pershimco. The corporation also wishes to express its many thanks to Mr. Fortin for his dedicated services during those years which allowed Pershimco to keep progressing towards a positive business development strategy."
Pershimco's Board of Directors has granted 100,000 incentive stock options to Mr. Bryce from the Corporation's capital stock, exercisable for up to 5 years at a price of $0.37 per share. The options granted will vest as per the Corporation's Stock Option Plan and will be subject to applicable regulatory holding periods.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian-based resource and exploration corporation listed on the TSX Venture Exchange (symbol PRO.V) and the Frankfurt Exchange (symbol BIZ). The Corporation holds several mining properties in Canada and South America, including the recently acquired Cerro Quema advanced project in Panama (100 % ownership) and the Courville Gold Project in the Val-d'Or Gold Mining Camp. The Corporation is managed by skilled, reputable individuals possessing extensive mining exploration and development experience. The Pershimco Team and its investors are the key to its success.
The Corporation's documents are available on www.sedar.com.
For more information, please visit the Corporation'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". Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may materially vary from those in these "forward-looking" statements.
Alain Bureau, P. Eng.