AVIRA RESOURCES LTD — Capital/Financing Update 2016

Jun 29, 2016

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MGT RESOURCES LIMITED ENTERS INTO LINES OF CREDIT

ASX Release

30 June 2016

ASX CODE

MGS

• MGT Resources Limited has entered into:

• a $55,000 line of credit with Mr Jonathan Paul Back, Executive Chairman of MGT Resources Limited

• a $55,000 line of credit with Mr Gary Kuo, Managing Director and Executive Director of MGT Resources Limited and

• a $55,000 line of credit with Mr Christopher Chen, Executive Director and Chief Operating Officer of MGT Resources Limited

• These redraw facilities are available until the earlier of, the date on which funding is received from Joseph Capital (Hong Kong) Limited (“Joseph Capital”) under the $1,000,000 Placement Agreement announced to the market on 3 June 2016 and 15 July 2016.

REGISTRY

Computershare

SHARES ON ISSUE

452,763,101

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

• There is no interest (or other costs) payable by MGT Resources Limited in respect of the facilities.

Tin Price: US$17,109/t Gold Price: US$1,319/oz

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