AVIRA RESOURCES LTD — Capital/Financing Update 2015

Mar 30, 2015

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MGT MINING LIMITED $1.5M SECURED LOAN ADVANCED AND TERMINATION OF OFF-TAKE AGREEMENT

MGT Mining Limited is pleased to announce:

• $1,500,000 has been advanced to MGT Mining Limited under the $1,500,000 secured loan agreement between Taimetco International Co., Limited (‘Taimetco’) and MGT Mining Limited entered into on 6[th] February 2015, and

• The settlement sum of $750,000 has been paid by MGT Resources Limited to MGT Mining Ltd to terminate the off-take agreement between MGT Resources Limited and Taimetco, the details of which were announced to the market on 6[th] February 2015.

ASX Announcement

31 March 2015

ASX CODE

MGS

REGISTRY

Computershare

SHARES ON ISSUE

318,157,040

The total amount owing by MGT Mining Limited to Taimetco under the secured loan agreement is $1,500,000.

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

“We are pleased to continue our relationship with Taimetco by accessing further funding. At the same time, the termination of the off-take agreement now affords MGT more flexibility and allows further investment opportunities to be explored for the tin projects.”

Tin Price: US$16,987/t Gold Price: US$1,185/oz

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.

Taimetco International Co., Limited is a Taiwan based commodity trading firm specialising in base metal trading.

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