AVIRA RESOURCES LTD — Capital/Financing Update 2015

Oct 28, 2015

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MGT RESOURCES LIMITED ENTERS INTO $150,000 LINE OF CREDIT

ASX Release

29 October 2015

ASX CODE

MGS

• On 29 September 2015, MGT Resources Limited received a signed exercise notice from Auskong International Mining Investment Co., Limited of their intention to exercise their 24,000,000 share options into 24,000,000 fully paid ordinary shares at 5 cents per share for $1,200,000.

• In order to remain well-funded during the period until the $1,200,000 from Auskong International Mining Investment Co., Limited is received, MGT Resources Limited has entered into a $75,000 line of credit with Mr Jonathan Paul Back, Chairman and Managing Director of MGT Resources Limited and a $75,000 line of credit with Mr Gary Kuo, Chief Operating Officer and Executive Director of MGT Resources Limited.

REGISTRY

Computershare

SHARES ON ISSUE

318,157,040

• These redraw facilities are available until the earlier of the date on which further funding is received and 30 November 2015.

• The facilities are unsecured and allow MGT Resources Limited to repay any drawn down funds at any time during the availability period.

• The interest costs of the facilities are 6.5% per annum.

Tin Price: US$15,248/t Gold Price: US$1,176/oz

• An Appendix 3B will be lodged with the ASX once the funds from Auskong International Mining Investment Co., Limited have cleared and the fully paid securities have been issued.

MGT

Resources Limited Suite 13.05, Level 13, 109 Pitt Street, Sydney 2000 Australia T: 61 2 9262 1122 F: 61 2 9299 5175 www.mgt.net.au info@mgt.net.au ABN: 38 131 715 645