On November 5, 2012, L3 Corp. announced that Mr. Katzav resigned as President, Chief Executive Officer, Treasurer and Director and Mr. Zohar resigned as Secretary and Director. Kent Ausburn was appointed as sole Director and Chief Executive Officer effective upon Mr. Katzav's and Mr. Zohar's resignations.

Dr. Ausburn is a senior exploration geologist and mining-entrepreneur with over 31 years of worldwide experience in the exploration/mining industry. Mr. Ausburn has served as a director of Hilltown Resources since 2009 and as its Chief Executive Officer since 2010. Dr. Ausburn currently serves on the board of directors of four junior Canadian mining companies.

From 2007-2008, Dr. Ausburn was associated with Longview Capital Partners as senior consulting geologist responsible for business development and property evaluation and development. From 2002 to 2007, as co-founder and VP Exploration of Tournigan Gold Corporation. Dr. Ausburn was responsible for identification, generation and acquisition of a high-quality portfolio of gold projects in Northern Ireland, uranium projects in Slovakia and western USA and base metal projects in Northern Ireland and Slovakia.