Persistence Gold Group Ltd — Board/Management Information 2009

Nov 4, 2009

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.

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APAC RESOURCES LIMITED

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(Incorporated in Bermuda with limited liability) (Stock Code: 1104)(Warrant Code: 324)

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board of the Company is pleased to announce that Mr. Kong Muk Yin has been appointed as an executive director of the Company effective from 4 November 2009.

The board of directors (the “ Board ”) of APAC Resources Limited (the “ Company ”) is pleased to announce that Mr. Kong Muk Yin has been appointed as an executive director of the Company and a member of the Executive Committee and Investment Committee of the Company effective from 4 November 2009.

Mr. Kong Muk Yin, aged 43, was graduated from City University of Hong Kong with a bachelor’s degree in business studies. He is a fellow member of The Association of Chartered Certified Accountants, a member of the Hong Kong Institute of Certified Public Accountants and a Chartered Financial Analyst and he has extensive experience in corporate finance, financial management, accounting and auditing. Mr. Kong is currently the executive director of COL Capital Limited ( stock code: 383 ), ChinaVision Media Group Limited ( stock code: 1060 ) and Greenfield Chemical Holdings Limited ( stock code: 582 ), all of which are companies listed on main board of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”). Saved as mentioned in this announcement, Mr. Kong has not held in the last three years any directorship in any public companies the shares of which are listed on any securities market in Hong Kong or overseas.

There is no service agreement between the Company and Mr. Kong and the appointment of Mr. Kong has no fixed term. Under the Bye-laws of the Company, Mr. Kong will hold the office of a director of the Company until the next following general meeting of the Company and will then be eligible for re-election at that meeting. Mr. Kong will be entitled to director’s fee to be determined by the Remuneration Committee of the Company with reference to his duties and responsibilities in the Company and the market benchmark.

Save and except that Mr. Kong is an executive director of COL Capital Limited, a substantial shareholder of the Company, Mr. Kong does not have any relationship with any other directors, senior management, substantial shareholders or controlling shareholders of the Company. As at the date of this announcement, Mr. Kong was not interested or deemed to be interested in any shares of the Company or underlying shares pursuant to Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

There is no information which is discloseable nor is/was Mr. Kong involved in any of the matters required to be disclosed pursuant to any of the requirements under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on the Stock Exchange and there are no other matters concerning him that need to be brought to the attention of the shareholders of the Company.

The Board wishes to express its warmest welcome to Mr. Kong for joining the Company.

By Order of the Board APAC RESOURCES LIMITED Chong Sok Un Chairman

Hong Kong, 4 November 2009

As at the date of this announcement (immediately after the appointment of Mr. Kong Muk Yin), the directors of the Company are:

Executive Directors: Ms. Chong Sok Un (Chairman) , Mr. Liu Yongshun ( Chief Executive Officer ), Mr. Yue Jialin and Mr. Kong Muk Yin

Non-Executive Directors: Mr. Lee Seng Hui and Mr. So Kwok Hoo

Independent Non-Executive Directors: Mr. Wong Wing Kuen, Albert, Mr. Chang Chu Fai, Johnson Francis and Mr. Robert Moyse Willcocks

* For identification purpose only