AVIRA RESOURCES LTD — Board/Management Information 2015

Apr 7, 2015

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NON-EXECUTIVE DIRECTOR RESIGNATION AND APPOINTMENTS

Mr Robert Vagnoni

Mr Robert Vagnoni has offered his resignation from the Board of MGT Resources Limited (“MGT” or “The Company”) in line with the announcement to the ASX on 19[th] December 2014, that upon shareholder approval of transactions involving Auskong International Mining Investment Co., Limited, one current Non-Executive Director of MGT would retire from the board of MGT upon the appointment of the two new Auskong International Mining Investment Co., Limited Non-Executive Directors. The Board of MGT has accepted his resignation.

Mr Robert Vagnoni was a Non-Executive Director from February 2011 to April 2015. The Board of MGT sincerely thank Robert for his valued contribution to the MGT Board during his time with the Company and wish him well for the future.

Attached is an Appendix 3Z (Final Director’s Interest Notice) for Mr Robert Vagnoni.

ASX ReleaseASX Announcement 8 April 2015 8 April 2015

ASX CODE ASX CODE MGS MGS

REGISTRY REGISTRY Computershare Computershare

SHARES ON ISSUE

SHARES ON ISSUE 288,157,040 318,157,040

Dr Wenshan Zhang

Dr Wenshan Zhang has agreed to be appointed as a Non-Executive Director of MGT Resources Limited. Dr Zhang holds a Post-Doctoral Degree in Geological Science from the Institute of Geological Science and Environmental Engineering, Central South University (CSU), Hunan Province, China. He has conducted Post-Doctoral Research in Metallurgical Engineering and Geological Engineering at CSU. He is presently a Professor of Geology and Mineral Exploration at CSU.

Tin Price: US$20,389/t

Tin Price: US$16,705/t Gold Price: US$1,208/oz

Prior to this, Dr Zhang was President of Donia Resources Co., Limited, Beijing, China where he was responsible for exploration of overseas operations in Canada, Laos and Ethiopia from 2010-2013. From 2005 to 2009 he was Senior Geologist and Manger of the Business Development Department, Vale, Shanghai, China where he was responsible for technical support of iron ore and coal projects. He has also worked as a Senior Geologist for Anglo American Group, Beijing, China from 20022005 evaluating Ni-Cu sulphide mineral projects and other base metals.

Attached is an Appendix 3X (Initial Director’s Interest Notice) for Dr Wenshan Zhang.

Mr Christopher Chen

Mr Christopher Chen has agreed to be appointed as a Non-Executive Director of MGT Resources Limited. Mr Chen has a M.A in Administration from Central Queensland University. He worked for Otis Elevator Company, Tianjin, China, as Project Coordinator in 2002 and was sent to Egypt to work for Electricity de France (EDF) on their Suez Canal and the Port Said Power Plants. He returned to Australia in 2006 and was working as Business Banking Associate for Commonwealth Bank Australia (CBA). Chris left CBA in 2009 and has been involved in commodity trading and Financial Services to small and medium size companies in the resource sector and is now based in Beijing, China.

Attached is an Appendix 3X (Initial Director’s Interest Notice) for Mr Christopher Chen.

MGT

Resources Limited 2.05/68 York Street Sydney NSW 2000 MGT Australia Resources Limited 2.05/68 York Street T: 61 2 9262 1122 Sydney NSW 2000 F: 61 2 9299 5175 Australia T: 61 2 9262 1122 www.mgt.net.au F: 61 2 9299 5175 info@mgt.net.au

ABN: 38 131 715 645 www.mgt.net.au info@mgt.net.au

ABN: 38 131 715 645

Doc ID 228534213/v2

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Jonathan Back, Executive Chairman of MGT Resources Limited, said:

"As part of the strategic investment by Auskong into MGT, the composition of the Board is changing. First I want to extend a personal note of thanks to Robert Vagnoni, who is retiring from the Board. Robert has been an immensely valuable source of guidance and advice over the last few years, and we all wish him very well in the future. We are very pleased to welcome Dr Wenshan Zhang and Christopher Chen to the Board. Dr Zhang brings very significant experience in the resources sector to MGT with a wide ranging background across different commodities. Mr Chen has an extensive track record in business in both Australia and China, which naturally benefits MGT given our new strategic partnership with Auskong. The entire Board of MGT will be working together to drive significant value creation in the future."

Note: MGT Mining Ltd is 89.48% owned by MGT Resources Ltd. MGT Mining Ltd owns a number of tin tenements in the Mount Garnet region of Northern Queensland, as well as other tenements in Queensland which are prospective for gold.

ASX ANNOUNCEMENT

www.mgt.net.au info@mgt.net.au

Doc ID 228534213/v2

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: MGT Resources Limited

ABN: 38 131 715 645

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Robert Vagnoni
Date of last notice	9thJanuary 2015
Date that director ceased to be director	8thApril 2015

Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Direct: 400,000 unlisted options, exercisable @ 15 cents, expiry 7 November 2016

Indirect:

8,443,000 ordinary fully paid shares as follows:

• 2,443,000 - Mr Robert Julio Vagnoni & Ms Anne Christina Macleod

• 900,000 - Mr Robert Julio Vagnoni & Ms Anne Christina Macleod

• 1,500,000 - Relayers Investments Pty Ltd

• 3,000,000 - Eriditus Pty Ltd

• 600,000 -Chivers Cove Pty Ltd.

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest See Part 1	Number & class of securities See Part 1

Part 3 – Director’s interests in contracts

Detail of contract	MGT Resources Limited and Robert Vagnoni FamilyTrust
Nature of interest	Non-Executive Director fees.
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity : MGT Resources Limited

ABN : 38 131 715 645

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Dr Wenshan Zhang
Date of appointment	8thApril 2015

Part 1 - Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

N/A

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. N/A	Number & class of Securities N/A

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity : MGT Resources Limited

ABN : 38 131 715 645

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Christopher Chen
Date of appointment	8thApril 2015

Part 1 - Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

N/A

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. N/A	Number & class of Securities N/A

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002