Persistence Gold Group Ltd — Major Shareholding Notification 2011

May 25, 2011

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.

APAC RESOURCES LIMITED 亞太資源有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 1104)

PRICE SENSITIVE INFORMATION AND RESUMPTION OF TRADING

The board of directors (the “Board”) of APAC Resources Limited (the “Company”) wish to inform shareholders that the Company received a copy of a disclosure of interests form under the Securities and Futures Ordinance from COL Capital Limited in relation to its proposed disposal of its entire shareholding interest in the Company. COL Capital Limited currently holds 1,900,939,562 shares in the Company representing approximately 27.65% of the Company’s entire issued share capital. Based on the disclosure of interests form, the price per share for which COL Capital Limited is selling the shares is HK$0.70 each. The Company understands that the proposed disposal by COL Capital Limited is conditional upon approval of shareholders of COL Capital Limited in general meeting. Accordingly, the transaction may or may not complete. If completion takes place, there will be a change in the substantial shareholder of the Company.

Made by the order of the Board of the Company, the directors of which individually and jointly accept responsibility for the accuracy of this announcement.

At the request of the Company, trading in the shares of the Company on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) was suspended with effect from 9:00 a.m. on 25 May 2011 pending the release of this announcement. Application has been made to the Stock Exchange for the resumption of trading in the shares of the Company on the Stock Exchange from 9:00 a.m. on 26 May 2011.

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

Hong Kong, 25 May 2011

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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 Offi cer) , 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 identifi cation purpose only

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