Persistence Gold Group Ltd — Proxy Solicitation & Information Statement 2007

Jul 11, 2007

APAC RESOURCES LIMITED

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(Incorporated in Bermuda with limited liability)

(Stock code: 1104)

NOTICE OF THE SPECIAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that a special general meeting (the “Meeting”) of APAC Resources Limited (the “Company”) will be held on at 7th Floor, Board Room, The Dynasty Club, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong on 27th July, 2007 at 11:00 a.m. (or at the soonest time thereafter as the Another Special General Meeting of the Company convened on the same date and at the same place shall be concluded or adjourned) for the purpose of considering and if thought fit, passing with or without amendments, the following ordinary resolutions of the Company to be taken by way of poll:

ORDINARY RESOLUTION

“ THAT the grant of options to Mr. Liu Yongshun to subscribe for 150,000,000 ordinary shares of the Company (the “Shares”) at an exercise price of HK$1.20 per Share, pursuant to the share option scheme of the Company adopted on 22nd September, 2004, be and is hereby approved and the directors of the Company (the “Directors”) be and are hereby authorised to issue and allot Shares to him pursuant to the exercise of such options and to do all such acts and things, to sign and execute all such further documents and to take such steps as the Directors may in their discretion consider necessary, appropriate, desirable or expedient to give effect to or in connection with such grant of options.”

By Order of the Board APAC Resources Limited Cao Zhong Chairman

Hong Kong, 9th July, 2007

Registered office: Clarendon House 2 Church Street Hamilton HM11 Bermuda

Head office and principal place of business in Hong Kong: 32/F., China Online Centre 333 Lockhart Road Wanchai Hong Kong

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Notes:

1. Any member of the Company entitled to attend and vote at the Meeting is entitled to appoint another person as his proxy to attend and vote instead of him. A proxy need not be a member of the Company. A member who is the holder of two or more shares of the Company may appoint more than one proxy to represent him to attend and vote on his behalf.

2. To be valid, the form of proxy, together with the power of attorney or other authority (if any) under which it is signed or a certified copy of that power of attorney or authority must be returned to the Hong Kong Branch Share Registrar of the Company, Secretaries Limited, 26th Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong as soon as possible and in any event not less than 48 hours before the time appointed for holding the Meeting or any adjourned meeting.

As at the date of this notice, the Directors are as follows:

Executive Directors:

Mr. Cao Zhong (Chairman)

Mr. Lau Yau Cheung (Chief Executive Officer)

Ms. Chong Sok Un

Mr. Yue Jialin

Non-Executive Directors:

Mr. Liu Yongshun

Mr. Zhou Luyong

• Mr. Chen Zhaoqiang

Independent Non-Executive Directors:

Mr. Wong Wing Kuen, Albert

Mr. Tsui Robert Che Kwong

• Mr. Chang Chu Fai, Johnson Francis

• Mr. Yang Weiming

• For identification purposes only

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