Mawson Announces CEO and Director Resignation and Appointment of Interim CEO
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE March 21, 2023
Mawson Announces CEO and Director Resignation and Appointment of Interim CEO
Vancouver, Canada — Mawson Gold Limited (“Mawson” or the “Company”) (TSX:MAW) (Frankfurt:MXR)
(PINKSHEETS: MWSNF) announces that its Board of Directors (the “Board”) has accepted the resignation of Mr. Ivan
Fairhall as Chief Executive Officer and a Director of the Company effective immediately. The Board wishes to thank Mr.
Fairhall for his services as CEO and looks forward to continuin g to work with Mr. Fairhall as a consultant to ensure a
smooth handover of affairs.
The Company further announces the appointment of Ms. Noora Ahol a to the role of Interim CEO. Ms. Ahola joined
Mawson in 2014 as Manager Environment, and has served as the Co mpany’s Environmental Director since 2016 and
was appointed as Managing Director of the Company’s wholly owne d Finnish subsidiary, Mawson Oy, in 2020. Ms.
Ahola’s skills and technical experience has been instrumental i n the day-to-day local operations in Finland. Working
together with the Company’s management and technical teams, Ms. Ahola’s appointment as the Company’s Interim
CEO ensures minimal disruption in operations and continued focu s on the long-term growth of the Company and its
projects.
Mr. Michael Hudson, Executive Chairman, comments, “ On behalf of the Board, I would like to thank Ivan for his
commitment and service to Mawson as CEO and Director, during wh ich time we have successfully demonstrated the
value already discovered at Rajapalot with the October 2022 PEA and undergone significant corporate transition with
the spin out of Mawson’s Australian assets into Southern Cross Gold Ltd. (ASX:SXG). We look forward to working with
him as a consultant and wish him well in his future endeavors.
“We are very pleased to be appointing Noora to the role of Inte rim CEO. Noora not only leads Mawson’s Finland
operation, but is also an industry leader in the field of ESG and regulatory affairs. She will continue to grow and advance
the Rajapalot gold-cobalt project to be not only a significant EU gold asset, but also a rare source domestically produced
cobalt, critical to aid in the EU’s stated energy transition objectives.”
About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)
Mawson Gold Limited is an exploration and development company. Mawson has distingui s h e d i t s e l f a s a l e a d i n g N o r d i c A r c t i c
exploration company with its 100% owned flagship Rajapalot gold -cobalt project in Finland, and right to earn into the Skelleft eå
North gold project in Sweden. Mawson also currently owns 51% of Southern Cross Gold Ltd (ASX:SXG) which in turn owns or controls
three high-grade, historic epizonal goldfields covering 470 km2 in Victoria, Australia.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Executive Chairman
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
Some statements in this news release contain forward-looking in formation or forward-looking statements for the purposes of
applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as
disclosed under the heading "Risk Factors" in under the heading "Risk Factors" in Mawson's most recent Annual Information Form
filed on www.sedar.com. While th ese factors and assumptions are considered reasonable by Mawson, in light of management’s
experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations
will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required
by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result
of new information, future events, or results or otherwise.