Pershing Resources Files Fourth Quarter Financials with OTC

The Company Makes Progress as Board Members and Insiders Continued to Invest in 2015

RENO, NV / ACCESSWIRE / FEBRUARY 9, 2016 / Pershing Resources Company (OTC PINK: PSGR) filed a fourth quarter
financial statement with OTC. The Company’s financial statement is
available for review on its OTC listing site http://www.otcmarkets.com/stock/PSGR/filings, as well as on the company’s website at, http://ir.pershingpm.com/otc-filings.
The statement primarily reflects continued investment in the Company by
the board members and insiders. The Company continues to make progress
and hopes to report modest revenue in the near term.

Steve Plumb, CEO of Pershing Resources, said, “2015 saw significant
advancements for the company. We have expanded from one property to a
portfolio of three and, will look to add to the portfolio as
opportunities arise. We have established a lab and pilot mill facility
near Kingman Arizona and continue
with in house development work. Our board along with several large
shareholders have been engaged and financially supportive as we have
progressed through this period of development and remain so. We continue
to work towards production capability even as market conditions have
been challenging. Our intent is to move forward with expansion and
strengthening of our balance sheet in 2016.”

Mr. Plumb continued, “Having renewed our claims in Nevada and Arizona
we are committed to pursuing production on our projects. Our technical
focus remains on finding the most efficient and economical means of
milling and extraction. The ultrasonic technology (sonication)
we have been working with, while still promising, will need further
refinement and investment. As such, we have built and begun working with
an elutriation pilot unit alongside our sonication unit. Elutriation
is a conventional and non-toxic extraction method that will be more
expeditious for our immediate purpose of pilot production. We continue
to test ore and, our goal remains to begin circuit production with
margins adequate to maintain a profitable operation even in the most
adverse market conditions. We are aware that shareholders are eager for
details on our progress and we will provide updates as warranted. We
encourage shareholders to refer to our website for updates and more
detailed information on our projects. As always, the Company
appreciates feedback from shareholders and welcomes your comments and
suggestions on all aspects of our operations.”

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Safe Harbor Statement

The
information contained in this press release as well as the information
on the discussed website is provided solely for the reader’s general
knowledge. The information contained herein is not intended to be a
comprehensive review of all matters pertaining to Pershing Resources
Company. Potential investors should be aware that certain statements
included herein constitute “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results ,
performance and/or achievements of Pershing Resources Company or of the
gold mining industry to be materially different from future results,
performance and/or achievements expressed or implied by those forward looking statements. These risks, uncertainties
and other factors include, but are not limited to, changes in the
worldwide price of gold or certain other commodities and currencies and
the risks involved in the exploration, development and the mining
business in general.

About Pershing Resources

Pershing Resources Company is a development stage precious metals
producer, focused on precious metal ores and mining projects located
primarily in Nevada and Arizona. The Company is based in Reno, Nevada
and, has established a pilot mill and development facility near Kingman, Arizona.

Our strategy is built on three basic components. First, is the
acquisition of U.S. domestic properties near established precious metal
mines. Second, is the development of projects with high tonnage and
commercially viable grades of precious metals with proximity to
historical occurrences. Third is a focus on the application of leading
edge technologies to develop highly efficient and environmentally
favorable extraction processes. This three-tier strategy supports our
short and long term goals of profitability and growing shareholder value
through expansion. Supplemental to our overall strategy and to achieve
our goals, we are focused on five key attributes. Those being; the
pursuit of quality growth, maintaining low cash costs, prudent financing
and fiduciary practices, establishing and building a strong balance
sheet and conducting business in a responsible manner.

The Company’s current assets are comprised of three properties with
projects currently in progress. The largest being a 1,100 acre site near
Lovelock, Nevada known as the Marco Project. The Marco Claims were acquired in 2004. Two additional projects were acquired in 2015. The New Enterprise Project totals 160 acres near Kingman, Arizona. The Gold Lake Project is a forty acre site, also near Kingman, Arizona.

All of the properties mentioned have been previously mined and more
recently re-assayed and explored for target areas for new mining. The
Company is presently in various stages of exploration, planning and pre-production
on each these properties. Pershing Resources is committed to
responsible mining practices and, is well positioned to deliver
sustained growth and performance for years to come.

Contact:

Corporate Office
Pershing Resources Company
200 South Virginia Street, 8th Floor
Reno, NV 89501
Phone: 775-398-3124
Email: info@pershingpm.com

SOURCE: Pershing Resources Company, Inc.

ReleaseID: 436664