Persistence Gold Group Ltd — Declaration of Voting Results & Voting Rights Announcements 2007

Aug 15, 2007

APAC RESOURCES LIMITED

(Incorporated in Bermuda with limited liability)

(Stock code: 1104)

POLL RESULT OF THE SPECIAL GENERAL MEETING HELD ON 15TH AUGUST, 2007

At the special general meeting (the “SGM”) of APAC Resources Limited (the “Company”) held on 15th August, 2007, resolutions No. 1 and 4 were approved by independent shareholders (the “Independent Shareholders”) of the Company by way of poll and resolutions No. 2 and 3 were approved by shareholders of the Company by way of poll. The number of shares represented by votes for and against the respective resolutions at the SGM was as follow:

Number	Ordinary Resolution	No. of Votes (%)
		For Against
1.	To approve the grant of options to Mr. Cao Zhong and Ms. Chong Sok Un to subscribe for 100,000,000 and 110,000,000 ordinary shares of the Company (the “Proposed Options”) respectively at an exercise price of HK$1.50 per share.	817,068,000 (100%) 0 (0%)
	As the required majority of the votes was passed as an ordinary resolution.

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						**No. **	**No. **	**of Votes **	**of Votes **	(%)
	Number	Ordinary Resolution				For			Against
	2.	To approve and authorise the directors of 2,808,587,602								0
		the Company to allot and issue up to	a		(100%)					(0%)
		maximum of not more than 100,000,000
		and 110,000,000 shares of par value of
		HK$0.10 each in the share capital of the
		Company, to Mr. Cao Zhong and Ms.
		Chong Sok Un respectively in
		accordance with the terms and
		conditions of the Proposed Options.
		As the required majority of the votes was obtained, the resolution was duly
		passed as an ordinary resolution.
	3.	To refresh the 10 per cent. general limit 2,808,587,602								0
		on grant of options under the share			(100%)					(0%)
		option scheme of the Company.
		As the required majority of the votes was obtained, the resolution was duly
		passed as an ordinary resolution.
	4.	To grant a general mandate to the		817,068,000						0
		directors of the Company to allot, issue			(100%)					(0%)
		and deal with additional shares of the
		Company not exceeding 20 per cent. of
		the aggregate nominal amount of the
		issued share capital of the Company as at
		the date of passing this resolution.
		As the required majority of the votes was obtained, the resolution was duly
		passed as an ordinary resolution.

The total number of shares entitling the holders to attend and vote on resolutions No. 2 and 3 at the SGM was 4,031,301,163 shares. Only the Independent Shareholders were permitted to vote on resolutions No. 1 and 4. The total number of shares entitling the Independent Shareholders to attend and vote on resolutions No. 1 and 4 at the SGM was 817,068,000 shares, representing approximately 20.27% of the total issued share capital of the Company.

Tricor Secretaries Limited, the Hong Kong branch share registrar of the Company, acted as scrutineer for the poll at the SGM.

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As at the date of this announcement, the Directors 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 and Mr. Yue Jialin

Non-Executive Directors:

Mr. Chen Zhaoqiang

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.

By Order of the Board APAC RESOURCES LIMITED Cao Zhong Chairman

Hong Kong, 15th August, 2007

* For identification purpose only

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