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AVIRA RESOURCES LTD Capital/Financing Update 2016

Jun 29, 2016

64473_rns_2016-06-29_fa93e83b-4c19-438c-a6d9-ce6e683d18f3.pdf

Capital/Financing Update

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==> picture [134 x 55] intentionally omitted <==

ASX ReleaseASX Announcement 30 June 2016

30 June 2016

PLACEMENT COMPLETION DATE EXTENSION - JOSEPH CAPITAL (HONG KONG) LIMITED

MGT Resources Limited has been notified by Joseph Capital (Hong Kong) Limited that due to foreign banking processing times the $1,000,000 in funds under the Placement Agreement announced to the market on 3 June 2016, will not be received by 30 June 2016.

MGT Resources Limited has been advised by Joseph Capital (Hong Kong) Limited that that funds will be received on or before 15 July 2016.

ASX CODE ASX CODE MGS MGS

REGISTRY REGISTRY Computershare Computershare

SHARES ON ISSUE

An Appendix 3B will be lodged once the funds are received and the shares are issued.

SHARES ON ISSUE 288,157,040 452,763,101

Tin Price: US$20,389/t Tin Price: US$16,927/t Gold Price: US$1,316oz

MGT

Resources Limited 2.05/68 York Street Sydney NSW 2000 MGT Australia Resources Limited Suite 1305, T: 61 2 9262 1122 Level 13, 109 Pitt Street F: 61 2 9299 5175 Sydney NSW 2000 Australia www.mgt.net.au T: 61 2 9262 1122 [email protected] F: 61 2 9299 5175 ABN: 38 131 715 645

www.mgt.net.au [email protected] ABN: 38 131 715 645