AVIRA RESOURCES LTD — Capital/Financing Update 2015

May 3, 2015

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ASX Announcement

4 May 2015

ARMSTRONG INDUSTRIES HK LIMITED $1,500,000 UNSECURED CONVERTIBLE NOTE MATURITY DATE

ASX CODE

MGS

MGT Resources Limited wishes to advise that the maturity date of the Armstrong Industries HK Limited $1,500,000 Unsecured Convertible Note Deed executed on 4 May 2012, is 11 May 2015.

Upon receipt of instructions from Armstrong Industries HK Limited in relation to the soon to expire Unsecured Convertible Notes, MGT Resources Limited will issue a further announcement.

REGISTRY

Computershare

SHARES ON ISSUE

318,157,040

Tin Price: US$15,966/t Gold Price: US$1,177/oz

MGT

Resources Limited 2.05/68 York Street Sydney NSW 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

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.