Pershimex Resource Corporation announced the results of its last drilling campaign carried out in the fall of 2021 on the Villebon property. Hole VB-21-08 intersected several mineralized intersections, including one grading 23.3 g/t gold over 1 meter below the Céré showing, while hole VB-21-07 intersected 18.4 g/t gold over1.2 meters under the vein No. 3. These new drilling campaign are very promising and reactivate the Company's interest in this property, which had remained without work since 2014.

Approximately 1000 meters were drilled during this campaign for a total of 8 holes (VB-21-01 to 08). These were implanted to intersect the shear corridor between the Céré showing and vein No. 3, approximately 700 meters apart.

Two holes (VB-21-01 and VB-21-08) were drilled directly under the Céré showing to confirm at depth the continuity of mineralization. Recall that in 2014, the VB-14-07 hole had intersected, less than 25 meters from the surface, 17 g/t gold over 7.8 meters. Hole VB-21-01 intersected the mineralized zone at approximately 75 meters vertically and returned 3.9 g/t gold over 2 meters.

Hole VB-21-08 intersected several mineralized intersections, including one grading 23.3 g/t gold over 1 meter at approximately 150 meters vertically. Up to date, four drill holes were implemented under the Céré showing. All four confirmed the presence and continuity at depth of mineralization.

The variability of the gold grade observed from one hole to another confirms the presence of a strong nugget effect. In this sense, several grains of free and coarse gold were observed in all the drill cores from the Céré showing. Drilling between the Céré showing and Vein No.

3 (VB-21-02 to VB-21-06) did not return any significant gold values. Hole VB-21-07 was located directly under vein No. 3 to confirm the historical presence of gold mineralization.

Indeed, the historic GR-5 hole had intercepted vein No. 3 at the beginning of the hole and this at shallow depth and returned 1.8 g/t gold over 2.8 meters. This same hole intercepted towards the end, the area containing vein No.

1, and returned 5.4 g/t over 1.1 meters. Hole VB-21-07 intercepted vein No. 3 at about 60 meters vertical depth and returned 18.4 g/t gold over 1.2 meters.

The mineralized zone containing vein No. 1 was also intercepted by drilling but no significant gold results were obtained.