Sentient IV acquires securities of Pershimco Resources Inc.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, Jan. 28, 2014 /CNW Telbec/ - Sentient Executive GP IV, Limited ("Sentient IV") announces that, in connection with a financing announced by Pershimco Resources Inc. ("Pershimco") on December 20, 2013, it has acquired control over 4,027,005 units ("Units") of Pershimco on January 28, 2014. Each Unit is comprised of one Class "A" common share in the capital of Pershimco (a "Pershimco Share") and one common share purchase warrant of Pershimco (a "Pershimco Warrant"). Each Pershimco Warrant entitles the holder thereof to acquire a Pershimco Share at a price of $0.54 per share. The Pershimco Warrants are exercisable until January 28, 2016. As such, Sentient IV has acquired control over 4,027,005 Pershimco Shares and 4,027,005 Pershimco Warrants.

Assuming the full exercise of the 4,027,005 Pershimco Warrants, Sentient IV would acquire control over a maximum of 8,054,010 Pershimco Shares (including the 4,027,005 Pershimco Shares issued on January 28, 2014), representing approximately 3.97% of the outstanding Pershimco Shares, calculated on a partially diluted basis assuming the full exercise of the 4,027,005 Pershimco Warrants only.

Sentient IV has control or direction over 33,577,238 Pershimco Shares (representing approximately 16.90% of the outstanding Pershimco Shares), and the right to acquire 4,027,005 Pershimco Shares through 4,027,005 Pershimco Warrants.

Assuming the full exercise of the 4,027,005 Pershimco Warrants, Sentient IV would acquire control over a maximum of 37,604,243 Pershimco Shares (including the 4,027,005 Pershimco Shares issued on January 28, 2014), representing approximately 18.55% of the outstanding Pershimco Shares, calculated on a partially diluted basis assuming the full exercise of the 4,027,005 Pershimco Warrants only.

Sentient IV acquired the Units for investment purposes only and not with a view to materially affecting control of Pershimco.

SOURCE: Sentient Executive GP IV, Limited

or to obtain a copy of the Early Warning Report filed by Sentient IV, please contact Sue Bjuro at [phone].