Persistence Gold Group Ltd — Regulatory Filings 2007

Oct 12, 2007

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APAC RESOURCES LIMITED 亞太資源有限公司 *

(Incorporated in Bermuda with limited liability) (Stock code: 1104)

UNUSUAL TRADING VOLUME MOVEMENT

This statement is made at the request of The Stock Exchange of Hong Kong Limited.

We have noted the recent increase in the trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increase. However, we are informed that each of Shougang Holding (Hong Kong) Limited and COL Capital Limited, both being substantial shareholders of the Company, has disposed 100,000,000 shares of the Company at HK$1.65 per share in the market today.

We also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23, neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09, which is or may be of a price-sensitive nature.

Made by the order of APAC Resources Limited, the board of directors of which individually and jointly accept responsibility for the accuracy of this statement.

By Order of the Board APAC Resources Limited Cao Zhong Chairman

Hong Kong, 11 October 2007

As at the date of this statement, 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. Lau Yau Cheung, Mr. Chen Zhaoqiang and Mr. Yue Jialin

Independent Non-Executive Directors

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

* For identification purpose only