Persistence Gold Group Ltd — Governance Information 2009

Apr 16, 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)

PROPOSED AMENDMENTS TO THE BYE-LAWS

This announcement is made pursuant to Rule 13.51(1) of the Listing Rules.

The Board of the Company proposes to amend the Bye-Laws to bring them in line with certain recent amendments to the Listing Rules which have taken effect on 1 January 2009.

The proposed amendments to the Bye-laws are subject to the approval of the Shareholders by way of a special resolution at the Annual General Meeting. A circular containing, among other things, further details of the proposed amendments to the Bye-Laws will be despatched to the Shareholders on or about 27 April 2009.

This announcement is made pursuant to Rule 13.51(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The board of directors (the “ Board ”) of APAC Resources Limited (the “ Company ”) proposes to amend the bye-laws of the Company (the “ Bye-Laws ”) to bring them in line with certain recent amendments to the Listing Rules which have taken effect on 1 January 2009. The proposed amendments to the Bye-Laws will give effect of the following:

1. Subject to such other minimum period as may be specified in the Listing Rules from time to time: (a) an annual general meeting shall be called by not less than twenty one days' notice or twenty clear business days' notice, whichever is the longer; (b) a meeting called for the passing of a special resolution shall be called by not less than twenty one days' notice and not less than ten clear business days' notice; and (c) a meeting other than an annual general meeting or a meeting called for the passing of a special resolution shall be called by not less than fourteen days' notice or ten clear business days' notice, whichever is the longer;

2. Any vote of shareholders of the Company (the “ Shareholders ”) at a general meeting will be taken by poll; and

3. The Company may use its website and other electronic means to send or make available notices or documents to the Shareholders, subject to the compliance with the Listing Rules and applicable laws by the Company.

The proposed amendments to the Bye-Laws are subject to the approval of the Shareholders by way of a special resolution at the forthcoming annual general meeting of the Company (the “ Annual General Meeting ”) to be held on 5 June 2009.

A circular containing, among other things, further details of the proposed amendments to the Bye-Laws will be despatched to the Shareholders on or about 27 April 2009.

By Order of the Board APAC Resources Limited Cao Zhong Chairman

Hong Kong, 16 April 2009

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

Executive Directors:

Mr. Cao Zhong (Chairman) , Mr. Liu Yongshun (Chief Executive Officer) , Mr. Zhou Luyong (Deputy Chief Executive Officer) , Ms. Chong Sok Un, Mr. Chen Zhaoqiang and Mr. Yue Jialin

Independent Non-Executive Directors:

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

* For identification purpose only