Ms. Sue Bjuro of Sentient reports

SENTIENT IV ACQUIRES SHARES OF PERSHIMCO RESOURCES INC.

Sentient Executive GP IV Ltd. has acquired control over an aggregate of 2,872,439 Class A common shares of Pershimco Resources Inc., representing approximately 1.29 per cent of the outstanding Class A common shares of Pershimco. The purchased shares, together with the Class A common shares of Pershimco purchased by the Sentient IV since July 10, 2014, represent an increase of approximately 2.00 per cent in the offeror's holdings of Class A common shares of Pershimco since July 10, 2014.

Sentient IV has control or direction over 42,054,182 Class A common shares of Pershimco (including the purchased shares), representing approximately 18.90 per cent 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.