JX Energy Ltd. — Capital/Financing Update 2022

Jan 31, 2022

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 TO CONNECTED PERSON UNDER SPECIFIC MANDATE

Reference is made to the announcements of Persta Resources Inc. (the ‘‘Company’’) dated June 9, 2021, June 10, 2021, July 21, 2021, September 3, 2021, October 18, 2021, October 28, 2021 and December 7, 2021 and the circular of the Company dated September 17, 2021 (the ‘‘Circular’’) in relation to, among other things, the entering into of the Dalian Yongli Subscription Agreement and the Supplemental Agreements. Unless otherwise specified, terms used herein have the same meanings as those defined in the Circular.

As informed by Dalian Yongli, due to the forthcoming Chinese New Year holiday and the pandemic control measures imposed in the People’s Republic of China, additional time is required by Dalian Yongli to arrange for the transfer of the subscription monies in respect of the Subscription Shares. As such, the Company and Dalian Yongli have mutually agreed that the second tranche of 35,000,000 Common Shares will be allotted and issued to Dalian Yongli on or before February 28, 2022.

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

Calgary, January 31, 2022 Hong Kong, January 31, 2022

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.