JX Energy Ltd. — Capital/Financing Update 2020

Dec 16, 2020

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

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Persta Resources Inc.

(incorporated under the laws of Alberta with limited liability)

(Stock code: 3395)

FURTHER ANNOUNCEMENT RELATING TO PROPOSED ISSUE OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcements of Persta Resources Inc. (the ‘‘Company’’) dated October 27, 2020 and November 30, 2020 (together, the ‘‘Announcements’’) in relation to, among other things, the proposed issue of 60,000,000 Subscription Shares under the General Mandate. Unless otherwise specified, terms used herein have the same meanings as those defined in the Announcements.

As additional time is required for the fulfillment of certain conditions precedent under the Subscription Agreement, the Company and Subscriber have entered into an extension letter on December 15, 2020, whereby the parties agreed to extend the date for fulfillment of the conditions set out in the Subscription Agreement to 5:00 pm (Hong Kong time) on December 22, 2020.

Save and except for the aforesaid extension of the Closing Date, all other terms and conditions of the Subscription Agreement hall remain unchanged and continue in full force and effect.

By Order of the Board Persta Resources Inc. Yongtan Liu Chairman

Calgary, 15 December, 2020 Hong Kong, 16 December, 2020

As at the date of this announcement, the Board comprises of two Executive Directors, being Mr. Yongtan Liu and Mr. Pingzai Wang; and three Independent Non-executive Directors, namely Mr. Richard Dale Orman, Mr. Peter David Robertson and Mr. Larry Grant Smith.