Persistence Gold Group Ltd — Board/Management Information 2014

May 30, 2014

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)

RESIGNATION OF DIRECTOR

AND

APPOINTMENT OF ALTERNATE DIRECTOR

The Board of the Company announces that:

1. Mr. Curry has resigned as a non-executive director with effect from 1 June 2014; and

2. Mr. Curry has been appointed as an Alternate Director to Mr. Lee with effect from 1 June 2014.

RESIGNATION OF DIRECTOR

The board (the “ Board ”) of directors (the “ Directors ”) of APAC Resources Limited (the “ Company ”) announces that Mr. Peter Anthony Curry (“ Mr. Curry ”) has resigned as a nonexecutive Director with effect from 1 June 2014 due to his other business commitments.

Mr. Curry has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the Company in relation to his resignation.

The Board would like to take this opportunity to thank Mr. Curry for his valuable contributions to the Company during his tenure of office.

APPOINTMENT OF ALTERNATE DIRECTOR

The Board is pleased to announce that Mr. Curry has been appointed as an alternate director (the “ Alternate Director ”) to Mr. Lee Seng Hui (“ Mr Lee ”), a non-executive Director with effect from 1 June 2014.

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Following the appointment of Mr. Curry as the Alternate Director, he has also been appointed an alternate to Mr. Lee as a member of each of the audit committee, remuneration committee and nomination committee of the Company with effect from 1 June 2014.

Mr. Curry, aged 61, was appointed as an executive Director and the Chief Financial Officer of the Company on 1 March 2010, re-designated as a non-executive Director from 24 November 2010 to 1 June 2014, and appointed as the Alternate Director on 1 June 2014. Mr. Curry is currently an executive director and the group chief financial officer of Sun Hung Kai & Co. Limited (Stock Code: 86), which is listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “ Hong Kong Stock Exchange ”). Mr. Curry graduated from the University of New South Wales with a Bachelor’s Degree of Commerce in 1974 and a Bachelor’s Degree of Laws in 1976. He became a chartered accountant and a barrister (nonpractising) in Australia in 1978. He was elected as a fellow of The Institute of Directors in Australia in 1989. In 2002, he completed the PS 146 Compliance Program organised by Securities Institute in Australia. Mr. Curry has over 36 years of business experience. He joined Peat Marwick Mitchell (now known as KPMG) in Australia in 1974 upon graduation and worked as Tax Partner in 1983. Since that time he has worked in different listed and unlisted companies in Australia as executive director or managing director specialising in natural resources, corporate finance, financial services investments and mergers and acquisitions. Since 1995, Mr. Curry has been a director and shareholder in a corporate advisory firm which holds an Australian Financial Services licence. He has been involved in a range of public and private capital raisings, initial public offering related services and providing corporate and financial advisory services in relation to a range of business transactions including a wide range of mining projects. Mr. Curry was an alternate director to Mr. Lee of Mount Gibson Iron Limited (Stock Code: MGX) from 11 February 2011 to 24 September 2012 and an executive director/non-executive director of Magnum Gas & Power Limited (formerly Ormil Energy Limited (Stock Code: OMX)) from August 2004 to 27 September 2012. These two companies are listed on the Australian Stock Exchange. He was also a non-executive director of East West Resources plc (Stock Code: EWR), a company listed on the AIM market of the London Stock Exchange from 18 July 2012 to 14 December 2012.

Pursuant to the Bye-laws of the Company (the “ Bye-laws ”), the appointment of Mr. Curry as the Alternate Director shall be effective until Mr. Lee ceases to be a Director or Mr. Curry’s appointment being terminated by Mr. Lee, whichever is earlier. Pursuant to the Bye-laws, Mr. Curry shall not be entitled to receive any remunerations or fees from the Company in respect of his appointment as the Alternate Director.

As at the date of this announcement, save as disclosed herein, Mr. Curry does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company, does not hold any other positions with the Company or any of its subsidiaries, nor does he have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

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Save as disclosed above, Mr. Curry is not aware of any other matters that are required to be disclosed pursuant to paragraphs 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange or any other matters that need to be brought to the attention of the shareholders of the Company.

By Order of the Board APAC Resources Limited Chong Sok Un Chairman

Hong Kong, 1 June 2014

As at the date of this announcement, the Directors of the Company are:

Executive Directors

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

Non-Executive Directors

Mr. Lee Seng Hui (Mr. Peter Anthony Curry as his alternate) and Mr. So Kwok Hoo

Independent Non-Executive Directors

Dr. Wong Wing Kuen, Albert, Mr. Chang Chu Fai, Johnson Francis and Mr. Robert Moyse Willcocks

• For identification purpose only

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