On August 19, 2013, Taung Gold International Limited appointed Mr. Levental as an executive director and Mr. Segsworth as an independent non-executive director and a member of the audit committee of the company and with effect from August 19, 2013, Dr. Twist and Mr. Steyn have resigned as executive directors of the company, and Mr. Segsworth was appointed as a member of the Audit Committee. Mr. Levental, is a director of TGL. He is also the director of Gabriel Resources Ltd. Mr. Segsworth, currently is a Director of Pan America Silver Corp., and Gabriel Resources Ltd. Mr. Steyn and Dr. Twist have resigned as executive directors of the company with effect from 19 August 2013.