Persistence Gold Group Ltd — Net Asset Value 2011

Feb 24, 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.

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**APAC RESOURCES LIMITED ***

(Incorporated in Bermuda with limited liability)

(Stock code: 1104)

NET ASSET VALUE

As at 31 January 2011 the unaudited net asset value of the Company per share based upon the market value of its listed investments, including its investments in listed associates, is approximately

HK$1.05

The calculation of unaudited net asset value of the Company per share is based on 6,910,567,990 shares in issue as at 31 January 2011.

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

Hong Kong, 24 February 2011

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) , 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