Mawson Announces Closing of Participation Rights Financing
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE April 8, 2020
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
MAWSON ANNOUNCES CLOSING OF PARTICIPATION RIGHTS FINANCING
Vancouver, Canada — Mawson Resources Limited (“Mawson” or the “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces closing of its previously announced private placement financing
(the “Private Placement”) (see: April 1, 2020) undertaken pursuant to the exercise of participation rights by an existing
shareholder of the Company , in connection with the closing of the Company’s strategic and acquisition investment with
Nagambie Resources Limited (NAG:ASX) (see: January 29, 2020 and March 23, 2020). The Company has issued 615,000
common shares of the Company (the “Common Shares”) at an issue price of C$0.17 per Common Share for gross proceeds
to the Company of C$104,550. No commission was paid in connection with the Private Placement.
The proceeds from the Private Placement will be used for working capital and general corporate purposes. The Common
Shares are subject to a statutory four-month hold period expiring on August 9, 2020.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended
(the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements
of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or
the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)
Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic
exploration company with a focus on the flagship Rajapalot go ld project in Finland. The Australian acquisition provides Mawson with a
strategic and diversified portfolio of high-quality gold exploration assets in two safe jurisdictions.
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,
Forward-Looking Statement
This news release contains forward -looking statements or forward -looking information within the meaning of applicable securities laws (collectively,
"forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes
that such statements are reasonable, it can give no assurance that such expectations wil l prove to be correct. Forward-looking statements are typically
identified by words such 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 use of the net proceeds
from the Private Placement, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets,
planned drill programs and results varying from expectations, delays in obtaining resul ts, equipment failure, unexpected geological conditions, local
community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other
risks and uncertainties disclosed under t he heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. 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.