Mr. Robert Vagnoni has offered his resignation from the Board of MGT Resources Limited in line with the announcement to the ASX on 19 December 2014, that upon shareholder approval of transactions involving Auskong International Mining Investment Co., Limited, one current Non-Executive Director of MGT would retire from the board of MGT upon the appointment of the two new Auskong International Mining Investment Co., Limited Non-Executive Directors. The Board of MGT has accepted his resignation. Dr. Wenshan Zhang has agreed to be appointed as a Non-Executive Director of MGT Resources Limited.

He is presently a Professor of Geology and Mineral Exploration at CSU. Prior to this, Dr. Zhang was President of Donia Resources Co., Limited, Beijing, China where he was responsible for exploration of overseas operations in Canada, Laos and Ethiopia from 2010-2013. Mr. Christopher Chen has agreed to be appointed as a Non-Executive Director of MGT Resources Limited.

He worked for Otis Elevator Company, Tianjin, China, as Project Coordinator in 2002 and was sent to Egypt to work for Electricity de France (EDF) on their Suez Canal and the Port Said Power Plants. He returned to Australia in 2006 and was working as Business Banking Associate for Commonwealth Bank Australia (CBA). Chris left CBA in 2009 and has been involved in commodity trading and Financial Services to small and medium size companies in the resource sector and is now based in Beijing, China.