Persistence Gold Group Ltd — Board/Management Information 2010

Nov 24, 2010

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 ***

(Incorporated in Bermuda with limited liability)

(Stock Code: 1104)

RE-DESIGNATION OF DIRECTOR

The Board of Directors (the “ Board ”) of APAC Resources Limited (the “ Company ”) announces that Mr. Peter Anthony Curry has resigned as an executive director and Chief Financial Officer of the Company and has been re-designated as a non-executive director of the Company effective from 24 November 2010. Accordingly, he has also ceased to be a member of the Executive Committee and Investment Committee of the Company on the same date.

The Board wishes to express its gratitude to Mr. Curry for his contributions to the Company during his tenure of service.

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

Hong Kong, 24 November 2010

As at the date of this announcement (immediately after the re-designation of Mr. Peter Anthony Curry), the directors of the Company are:

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

Non-executive Directors: Mr. Lee Seng Hui, Mr. So Kwok Hoo, Mr. Liu Yongshun and Mr. Peter Anthony Curry

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

* For identification purpose only