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Mawson’S Kairamaat 2-3 Permit Renewed at Rajapalot Finland

Permits & Approvals

1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7

Phone: +1 604 685 9316 / Fax: +1 604 683 1585

NEWS RELEASE January 16, 2018

MAWSON’S KAIRAMAAT 2-3 PERMIT RENEWED AT RAJAPALOT FINLAND

Vancouver, Canada – Mawson Resources Limited (“Maws on”) or (the “Company”) (TSX: MAW, Frankfurt:

MXR, PINKSHEETS: MWSNF) announces renewal of the Kairamaat 2-3 explor ation permit, part of the Rajapalot project

area, by the Finnish Mining Authority, TUKES, on 12 January, 2018.

Key Points:

 Immediate commencement of winter diamond drilling according to enforcement of the earlier exploration permit

conditions;

 Regranting of the entire 1,462 hectare exploration pe rmit, according to specific environmental assessments

performed by Mawson, for an additional 2 years (Figure 1);

 The permit defines exploration methods that can be under taken within Natura 2000 areas, including but not limited

to diamond drilling from 128 sites during winter conditio ns, plus diamond drilling from 12 sites during summer

conditions using a hand portable, air-liftable or rubber-tracked vehicle with maximum weight of 7500kg.

 No mechanical work programs during bird and otter nesting or frog mating periods from 1st May to 31st July.

Mr Hudson, Chairman & CEO states, "Mawson has again worked closely with all Finnish mining and environmental authorities

to assess and plan our work programs to ensure minima l disturbance within biodiversity areas. We understand the

responsibility granted to us by this decision, and will ensure ou r work is completed according to global best practices. Drill

rigs will mobilize to Rajapalot over the next week once ice tracks are prepared. Diamond drilling continues at East Rompas, 8

kilometers to the west.”

According to the Finnish Mining Act, after the first renewal peri od of up to 4 years, exploration permits in Finland can be

renewed in 3-year maximum intervals, for a combined total of 15 years. The Kairamaat 2-3 exploration permit area was first

granted to Mawson as exploration claims in October 2011 under an older version of the Mining Act, and then renewed in

June 2014.

Technical Background

The qualified person for Mawson's Finnish projects, Dr. Nick C ook, President for Mawson and Fellow of the Australasian Institute of Mining

Metallurgy has reviewed and verified the contents of this release.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Resources Limited is an exploration and development company. Mawson ha s distinguished itself as a leading Nordic Arctic

exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.

On behalf of the Board,

"Michael Hudson"

Michael Hudson, Chairman & CEO

Further Information

www.mawsonresources.com

1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7

Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316,

[email protected]

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securitie s laws (collectively,

"forward-looking statements"). All statemen ts herein, other than statem ents of historical fact, are forward- looking statements. Although Mawson believes

that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically

identified by words such as: believe, expe ct, anticipate, intend, estimate, postulate, and similar expressions, or are those, w hich, by their nature, refer to

future events. Mawson cautions investors that any forward-lookin g statements are not guarantees of future results or performanc e, and that actual results

may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, c apital and othe r costs varying

significantly from estimates, changes in world metal markets, changes in equity markets, planned drill programs and results var ying from expectations,

delays in obtaining results, equipment failure, unexpected geol ogical conditions, local community relations, dealings with non- governmental organizations,

2

delays in operations due to permit grants , environmental and safety risks, and other risks and uncertainties disclosed under th e heading "Risk Factors" in

Mawson's most recent Annual Information Form filed on www.sedar.c om. Any forward-looking statement speaks only as of the date o n which it is made

and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-l ooking statement, whether

as a result of new information, future events or results or otherwise.

Figure 1: Location of Kairamaat 2-3 with respect to Mawson Exploration Permit Area at the Rompas-Rajapalot project in Finland