JX Energy Ltd. — Capital/Financing Update 2021

Oct 28, 2021

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 representations 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 September 3, 2021 and September 30, 2021 (the ‘‘Announcements’’) in relation to, among other things, the proposed issue of 16,000,000 Subscription Shares under the General Mandate. Unless otherwise specified, terms used herein have the same meanings as those defined in the Announcements.

As disclosed in the Announcements, Closing is subject to the satisfaction of the Conditions Precedent on or before October 31, 2021, or such other date as may be determined by the Company in its sole discretion. The Subscriber has notified the Company on October 27, 2021 that it has not yet obtained the necessary approval from the relevant PRC governmental authority in order to consummate the Subscription, and as such the Company has decided to extend the completion date of the Conditions Precedent to November 30, 2021.

Save and except for the aforesaid extension of the completion date of the Conditions Precedent, all other terms and conditions of the Subscription Agreement shall remain unchanged and be in full force and effect.

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

Calgary, October 27, 2021 Hong Kong, October 28, 2021

As at the date of this announcement, the Board comprises of two executive Directors, namely 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.