AVIRA RESOURCES LTD — Capital/Financing Update 2016

Mar 29, 2016

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MGT RESOURCES LIMITED ANNOUNCES THE TRANSFER OF $2M FULLY PAID SHARES IN CAULDRON ENERGY LTD WITH ATTACHING OPTIONS

MGT Resources Limited (ASX:MGS) (‘MGT’ or ‘the Company’) is pleased to announce that Cauldron Energy Limited (ASX:CXU) have transferred to MGT, upon payment of $2,000,000 received from Auskong International Mining Investment Co., Limited upon the issue of one unsecured converting noted referred to in the announcement dated 24[th] March 2016 and released to the market on 29[th] March 2019:

ASX Release

30 March 2016

ASX CODE

MGS

REGISTRY

Computershare

SHARES ON ISSUE

• 16,949,176 fully paid ordinary shares in Cauldron Energy Limited and

342,157,040

• 20,000,000 unlisted options in Cauldron Energy Limited, exercisable at $0.138 each on or before 31 December 2016.

Tin Price: US$16,845/t Gold Price: US$1,236/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