JX Energy Ltd. — Capital/Financing Update 2018

Apr 24, 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [65 x 32] intentionally omitted <==

Persta Resources Inc.

(incorporated under the laws of Alberta with limited liability) (Stock code: 3395)

ANNOUNCEMENT PROPOSED ADOPTION OF SHARE OPTION SCHEME

The Board is pleased to announce that, for the purpose of (i) providing the Participants with an opportunity to purchase Common Shares and benefit from the appreciation thereof; (ii) providing the Participants an increased incentive to contribute to the future success and prosperity of the Company; (iii) enhancing the value of the Common Shares for the benefit of the Shareholders; and (iv) increasing the ability of the Company to attract and retain individuals of exceptional skill, on April 23, 2018.

The Board proposes to adopt the Share Option Scheme pursuant to Chapter 17 of the Listing Rules, which is subject to the approval of the Shareholders.

The proposed Share Option Scheme is subject to, among other things, the passing of an ordinary resolution by the Shareholders at the General Meeting to be convened and held for the purpose of, among other things, considering and, if thought fit, approving the adoption of the proposed Share Option Scheme.

As at the date of this announcement, the Company has not adopted any share option scheme pursuant to the Listing Rules.

A circular containing, among other things, details of the proposed Share Option Scheme shall be dispatched to the Shareholders in due course in accordance with the requirements of the Listing Rules.

The board of directors (the ‘‘Board’’) of Persta Resources Inc. (the ‘‘Company’’) is pleased to announce that, on April 23, 2018, the Board has resolved to propose the adoption of a share option Scheme (the ‘‘Share Option Scheme’’) for the approval by the shareholders of the Company (the ‘‘Shareholders’’).

– 1 –

The purpose of the proposed Share Option Scheme is to (i) provide certain directors, officers, employees and consultants of the Company (the ‘‘Participants’’) with an opportunity to purchase common shares of the Company (the ‘‘Common Shares’’) and benefit from the appreciation thereof; (ii) provide the Participants an increased incentive to contribute to the future success and prosperity of the Company; (iii) enhance the value of the Common Shares for the benefit of the Shareholders; and (iv) increase the ability of the Company to attract and retain individuals of exceptional skill. The Directors strongly believe that the continued success of the Company is closely tied with the commitment and efforts of the Participants.

The proposed Share Option Scheme will constitute a share option scheme under Chapter 17 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’)

The proposed Share Option Scheme is subject to, among other things, the passing of an ordinary resolution by the Shareholders at the general meeting to be convened (the ‘‘General Meeting’’) and held for the purpose of, among other things, considering and, if thought fit, approving the adoption of the proposed Share Option Scheme. As at the date of this announcement, the Company has not adopted any share option scheme pursuant to the Listing Rules.

A circular containing, among other things, (i) details of the proposed Share Option Scheme; and (ii) a notice convening the General Meeting shall be dispatched to the Shareholders in due course in accordance with the requirements of the Listing Rules.

As at the date of this announcement, the proposed Share Option Scheme remains subject to the approval of the Shareholders and, where any grant of Options to a Director, approval of the Independent Non-executive Directors that are not grantees of the options. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Company’s securities.

By Order of the Board Persta Resources Inc. Le Bo Chairman

Calgary, April 24, 2018 Hong Kong, April 24, 2018

As at the date of this announcement, the executive Director is Mr. Le Bo; the non-executive Director is Mr. Yuan Jing; and the independent non-executive Directors are Mr. Richard Dale Orman, Mr. Bryan Daniel Pinney and Mr. Peter David Robertson.

– 2 –