Persistence Gold Group Ltd — Capital/Financing Update 2018

Jun 5, 2018

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

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( Incorporated in Bermuda with limited liability)

(Stock Code: 1104)

COMPLETION OF DISCLOSEABLE TRANSACTION AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF APPROXIMATELY 38.09% OF THE TOTAL ISSUED SHARE CAPITAL OF TANAMI GOLD NL

References are made to (i) the announcements of APAC Resources Limited (the “ Company ”) dated 2 February 2018, 27 February 2018, 13 March 2018, 6 April 2018, 17 April 2018 and 4 May 2018 (collectively, the “ Announcements ”); and (ii) the circular of the Company dated 19 March 2018 (the “ Circular ”) in relation to, among other things, the acquisition of approximately 38.09% of the total issued share capital of Tanami Gold NL. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcements and the Circular.

The Board is pleased to announce that all the Conditions under the Share Sale Agreement as amended by the Amending Deed have been fulfilled and Completion took place on 5 June 2018 in accordance with the terms and conditions of the Share Sale Agreement as amended by the Amending Deed. Following Completion, the Company through the Purchaser, a wholly-owned subsidiary of the Company, owns approximately 38.09% equity interest in the Subject Company.

By Order of the Board APAC Resources Limited Arthur George Dew Chairman

Hong Kong, 5 June 2018

As at the date of this announcement, the directors of the Company are:

Executive Directors

Mr. Brett Robert Smith ( Deputy Chairman ) and Mr. Andrew Ferguson ( Chief Executive Officer )

Non-Executive Directors

Mr. Arthur George Dew ( Chairman ) ( Mr. Wong Tai Chun, Mark as his alternate ), Mr. Lee Seng Hui and Mr. So Kwok Hoo

Independent Non-Executive Directors

Dr. Wong Wing Kuen, Albert, Mr. Chang Chu Fai, Johnson Francis and Mr. Robert Moyse Willcocks

* For identification purpose only