ROUYN-NORANDA, QUEBEC -- (Marketwired) -- 05/23/13 -- Pershimco Resources Inc. (the "Company" or "Pershimco") (TSX VENTURE: PRO)(FRANKFURT: BIZ) announces the resignation of Mr. Serge Cotes as Chief Financial Officer, effective June 19, 2013. Mr. Cotes has accepted a position as investment advisor of one of the largest development capital funds in Quebec, where he has worked in the past. In the interim, Mr. Cotes will work closely with the Company's management and technical team following his departure to ensure the smooth transition of his financial and reporting duties.
Mr. Octavio Choy, current Vice-President Latin America, will act as Interim Chief Financial Officer. Mr. Choy holds a double major in Economics and Finance from Florida International University and brings over a decade of precious metals and mining experience to the Company. Leading start-up companies to their ultimate sale and thus providing positive return for investors, he has a solid track record of exploration and development success, with a strong background in risk management and economic analysis. With most of Pershimco's activities focused on the Cerro Quema project in Panama, Mr. Choy is well-positioned to take on this new role.
The Company also announces the resignation of Mr. Pierre-Jean Lafleur as director of the Company, effective immediately. Mr. Lafleur is leaving Pershimco's Board to focus on the expansion of his private mining services business, but will remain active as a consultant to the Company.
"On behalf of Pershimco, I congratulate Serge for this important nomination and thank him for his financial expertise and work ethic during his time with us," said Alain Bureau, Pershimco's President and CEO. "We all wish the best of success to both Serge and Pierre-Jean in their new endeavours."
Pershimco also announces that it has granted 200,000 incentive stock options to Ms. Elina Chow, as consultant in Investor Relations. The options will expire five years from the date of grant and will allow the holder to purchase one common share of the Company per option granted at an exercise price of $0.35 per share.
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.
Alain Bureau, P. Eng.
President and Chief Executive Officer
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