Mar. 7, 2011 (Marketwire Canada) --
ROUYN-NORANDA, QUEBEC -- PERSHIMCO RESOURCES INC. (the "Company" or "Pershimco") (TSX VENTURE:PRO)(FRANKFURT:BIZ) is pleased to announce the nomination of Mr Jean Robitaille, Senior Vice-President at Agnico Eagle Mines, as a director of the Company.
Mr. Robitaille is Senior Vice-President, Technical Services at Agnico-Eagle Mines, a position he has held since June 2008. Prior to his appointment, he served Agnico-Eagle in various capacities for more than 20 years, most recently as Vice-President, Metallurgy & Marketing, General Manager, Metallurgy & Marketing and as Mill Superintendent and Project Manager for the expansion of the LaRonde mill. Before joining Agnico-Eagle, Mr. Robitaille worked as a metallurgist with Teck Mining Group. Mr. Robitaille is a mining graduate of the College de l'Abitibi-Temiscamingue with a specialty in mineral processing.
Mr. Roger Bureau, Chairman of the Board of Pershimco, states "Mr. Robitaille's experience and approach brings to Pershimco the ingredients to move forward with the high quality projects Pershimco hosts. Through hard work, we took the company to the current level and the addition of mining company builders like Jean to our team will take Pershimco to the next step of success."
Mr. Robitaille has the experience of being part of Agnico's initial team, which built through discoveries and development, one of the largest operating gold mine in Canada and with five others producing gold mines in Canada, Finland and Mexico. The same Agnico's team also showed an exceptional track record of growing gold reserves and resources through exploration. Also, Mr Robitaille, won the 2010 Mineral Processor of the Year Award at the annual Canadian Mineral Processors (CMP). This is the CMP's most prestigious award and is presented to a candidate who has made outstanding technical contributions to the industry.
The Board has granted 200,000 Incentive Stock Options to Mr. Robitaille from the Company's capital stock, exercisable for up to 5 years at a price of $0.45 per share. The options granted will vest as per the Company's corporate rules and will be subject to any applicable regulatory hold 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 Company holds several mining properties in Canada and South America including the recently acquired Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp. The Company is managed by skilled, reputable people with extensive mining exploration and development experience. The Pershimco Team and our investors are the key to our 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" 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" statements.
Pershimco Resources Inc.
President and Chief Executive Officer