\begin{align}
\left(\frac{7x^2-1}{7x^2+5}\right)^x
&= \left(1 - \frac{6}{7x^2+5}\right)^x
\\
&= \left(\left(1 - \frac{6}{7x^2+5}\right)^{\frac{7x^2+5}{6}}\right)^{\frac{6x}{7x^2+5}}
\end{align}
Using $\left(1-\frac{1}{y}\right)^y \to e^{-1}$ as $y \to \infty$, the inner term $\left(1 - \frac{6}{7x^2+5}\right)^{\frac{7x^2+5}{6}}$ gets close to $e^{-1}$ as $x \to \infty$.
Since the outer exponent $\frac{6x}{7x^2+5}$ tends to $0$, the overall limit is $1$.
\begin{align} \left(\frac{7x^2-1}{7x^2+5}\right)^x &= \left(1 - \frac{6}{7x^2+5}\right)^x \\ &= \left(\left(1 - \frac{6}{7x^2+5}\right)^{\frac{7x^2+5}{6}}\right)^{\frac{6x}{7x^2+5}} \end{align} Using $\left(1-\frac{1}{y}\right)^y \to e^{-1}$ as $y \to \infty$, the inner term $\left(1 - \frac{6}{7x^2+5}\right)^{\frac{7x^2+5}{6}}$ gets close to $e^{-1}$ as $x \to \infty$. Since the outer exponent $\frac{6x}{7x^2+5}$ tends to $0$, the overall limit is $1$.