The board of directors of Persta Resources Inc. (the ‘Company’) announced that Mr. Bryan Daniel Pinney (‘Mr. Pinney’) has tendered his resignation as an independent non-executive Director with effect from December 4, 2020 to pursue his personal business. Following his resignation, Mr. Pinney will cease to be a member of each of the audit and risk committee, the nomination committee and the remuneration committee of the Board. The Board announced that Mr. Larry Grant Smith (‘Mr. Smith’) has been appointed as an independent non-executive Director with effect from December 4, 2020. Mr. Larry Grant Smith, has substantial experience in the oil and gas industry in Western Canada, especially in drilling, completions, production operations and facility construction. Mr. Smith is currently an advisor to Crest Consultants Partnership. The Board announced that with effect from December 4, 2020, Mr. Smith has been appointed as a member of each of the audit and risk committee, the nomination committee and the remuneration committee of the Board. The Board announced that Mr. Bennett Ka-Ying Wong (‘Mr. Wong’) has tendered his resignation as a joint company secretary of the Company with effect from December 4, 2020 to pursue other business opportunities. The Board announced that Mr. Jesse Meidl (‘Mr. Meidl’), the chief financial officer of the Company, has been appointed as a joint company secretary of the Company in place of Mr. Wong under Rules 3.28 and 8.17 of the Listing Rules with effect from December 4, 2020. Mr. Jesse Meidl, has been the chief financial officer of the Company since he joined the Company in January 2018 and is responsible for the financial management of the Company. Mr. Meidl has over 20 years of corporate finance, accounting and advisory experience in international oil and gas exploration, production and services. Prior to joining the Company, Mr. Meidl was the finance director and chief financial officer of Caithness Petroleum Limited in London, United Kingdom, and he also previously worked as an investment banker specializing in corporate finance and advisory in the United Kingdom and Canada with Thomas Weisel Partners and Westwind Capital Partners.