Sentient IV acquires shares of Pershimco Resources Inc.

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

MONTREAL, Feb. 29, 2012 /CNW Telbec/ - Sentient Executive GP IV, Limited ("Sentient IV") announces that it has acquired control over 7,500,000 Class A common shares (the "Purchased Shares") of Pershimco Resources Inc. ("Pershimco"), representing approximately 4.42% of the outstanding Class A common shares of Pershimco. The Purchased Shares, together with Class A common shares acquired since October 17, 2011, represent an increase of approximately 7.27% in Sentient IV's holdings of Class A common shares of Pershimco since that date. Sentient IV has control or direction over 29,550,233 Class A common shares of Pershimco (including the Purchased Shares), representing approximately 17.4% of the outstanding Class A common shares of Pershimco.

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

SOURCE SENTIENT EXECUTIVE GP IV, LIMITED

For further information:

Sue Bjuro at (345) 946-0933

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SENTIENT EXECUTIVE GP IV, LIMITED

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