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Mawson Annnounces Filing of Ni 43-101 Technical Report and Year-End Documents

Resource Estimates Technical Reports (NI 43-101)

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

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

NEWS RELEASE SEPTEMBER 22, 2020

MAWSON ANNNOUNCES FILING OF NI 43-101 TECHNICAL REPORT AND YEAR-END DOCUMENTS

Vancouver, Canada – Mawson Gold Limited (“Ma wson” or the “Company”) (TSX:MAW; Frankfurt:

MXR; PINKSHEETS: MWSNF) announces the filing of an independent technical report with an effective date of

September 14, 2020, entitled “Rajap alot Property Mineral Resource Est imate” for the Company’s 100% owned

Rajapalot Property in Finland (the “ NI 43-101 Technical Report ”), in support of the Company’s news release

dated September 14, 2020.

The NI 43-101 Technical Report was authored by Mr. Rod Webster of AMC Consultants Pty Ltd of Melbourne,

Australia, and Dr. Kurt Simon Forrester of Arn Perspectiv e of Surrey, England. Each of Mr. Webster and Dr.

Forrester are independent of the Company and “qualified persons” as defined by National Instrument 43-101.

The NI 43-101 Technical Report may be found on the Company’s website at www.mawsongold.com or under the

Company’s profile on SEDAR at www.sedar.com

Further to the Company’s news release dated August 28, 2020, the Compan y also announces the filing with the

Canadian securities regulatory authorities of its audited Consolidated Financial Statements for the year ended May

31, 2020 and related Management’s Discussion and Analysis and its Annual In formation Form for the year ended

May 31, 2020.

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

Mawson Gold Limited is a gold exploration and development company and has distinguished itself as a leading exploration

company with a focus on the flagship Rajapalot gold-cobalt project in Finland and its Victorian gold properties in Australia.

On behalf of the Board,

"Michael Hudson"

Michael Hudson, Chairman & CEO

Further Information

www.mawsongold.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 wi thin the meaning of applicable securitie s laws

(collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-look ing statements.

Although Mawson believes that such statemen ts are reasonable, it can give no assuranc e that such expectations will prove to be correct.

Forward-looking statements are typically identified by words su ch as: believe, expect, anticipate, intend, estimate, postulate, and similar

expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are

not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a

result of various factors, including, but not limited to, the Company’s expectations and timing of the resource expansion and d efinition

program at Rajapalot, Finland, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity

markets, the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus

known as COVID-19 on the Company’s business, planned drill programs and results varying from expectations, delays in obtaining results,

equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, d elays in

operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors"

in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-look ing statement speaks only as of the dat e on

which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to upd ate any

forward-looking statement, whether as a result of new information, future events or results or otherwise.