Mawson Announces Exercise of Participation Rights
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE April 1, 2020
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
MAWSON ANNOUNCES EXERCISE OF PARTICIPATION RIGHTS
V a n c o u v e r , C a n a d a — M a w s o n R e s o u r c e s L i m i t e d ( “ M a w s o n ” o r t h e “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce that in connection with the closing of the Company’s
strategic and acquisition investment with Nagambie Resources Li mited (NAG:ASX) (“Nagambie”), pursuant to which the
Company issued an aggregate of 9.5 million common shares to Nagambie (see: January 29, 2020 and March 23, 2020), an
existing shareholder of the Company has elected to exercise its participation rights to maintain its pro-rata ownership in the
Company. As a result, subject to Toronto Stock Exchange accept ance, the Company proposes to undertake a private
placement (the “Private Placement”) of 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.
The proceeds from the Private Placement will be used for workin g capital and general corporate purposes. The Common
Shares will be subject to a statutory four-month hold period.
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 developmen t company. Mawson has distingui shed itself as a leading Nordic Arctic
exploration company with a focus on the flagship Rajapalot gold 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
T h i s n e ws r e l e as e c o n t a i ns f o r w ar d - l o ok i n g s t a t e m e n t s o r f o r w a rd-looking information within the meaning of applicable securiti es 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 t hat such expectations will prove to be correct. Forward-lookin g 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 closing of the Private
Placement, the use of the net proceeds from the Private Placeme nt, capital and other costs varying significantly from estimate s, changes in world metal
markets, changes in equity markets, planned drill programs and results varying from expectations, delays in obtaining results, e q u i p m e n t f a i l u r e ,
unexpected geological conditions, local community relations, de alings with non-governmental organizations, delays in operation s 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-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.