Lease Of The Divide Gold And Silver Project

RENO, NV – Pershing Resources Company, Inc., has acquired a 100% mineral rights interest in the Divide Gold and Silver Project within the Tonopah Mining District of Central Nevada. The Divide Project is located 7 miles south of Tonopah, and 16 miles north of Goldfields, Nevada, within the Walker Lane Mineral Trend or Belt. According to data compiled by the Nevada Bureau of Mines & Geology, past production from Tonopah and Goldfields combined is reported to be greater than 7 million ounces gold and 200 million ounces silver. This is part of the more than 50 million ounces of gold and 437 million ounces of silver previously mined from the Walker Lane Trend. The Divide Project includes at least three historically documented gold and silver mineral occurrences and is located approximately 2.5 miles northeast of Pershing Resources’ Klondyke Project.

The Company entered into a 20-year term lease/purchase option agreement on unpatented claims in an area of interest which covers approximately 25 square miles within the Divide Mining District with Mountain Gold Claims LLC, (MGC) and Blackrock Exploration, LLC, (BRE), as 50/50 partners to the agreement. MGC and BRE are both based in Reno, Nevada.