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SXGC.TO ·

Mawson Announces Grant of Rsus and Stock Options

Share Capital & Compensation

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

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

NEWS RELEASE February 13, 2019

MAWSON ANNOUNCES GRANT OF RSUs AND STOCK OPTIONS

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

PINKSHEETS: MWSNF) announces the granting of stock options under the Company’s incentive stock option plan approved

by the shareholders on November 17, 2017, to certain of its directors, officer, employees and consultants to purchase up to an

aggregate of 4,350,000 common shares of the Company (“Shares”) at an exercise price of $0.275 per Share for a period of 5

years.

In addition, the Company has also granted 800,000 restricted share units of the Company (“ RSUs”) to certain eligible

participants under the Company’s recently adopted RSU Plan which was approved by the shareholders on November 6, 2018.

The RSUs will vest immediately and entitle the holder to receive one Share for each RSU granted.

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

Mawson Resources Limited is an exploration and development company with a focus on the resource expansion of its high-grade Rajapalot

gold-cobalt in Finland. Mawson has distinguished itself as a leading Nordic Arctic exploration company.

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 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 as surance that such expectations will prove to be correct. Forward-looking statement s are typically identified by

words such as: believe, expect, anticipate, intend, estimate, postul ate, 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 result s or performance, and that act ual results may differ

materially from those in forward-looking statements as a result of various factors, including, but not limited to, 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

results, equipment failure, unexpected geological conditions, loca l community relations, dealings with non-governmental organiz ations, delays in operations

due to permit grants, environmental and sa fety risks, and other risks and uncertainties disclosed under the heading "Risk Facto rs" in Mawson's most recent

Annual Information Form filed on www.sedar.com. Any forward-looking statemen t speaks only as of the date on which it is made an d, except as may be

required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whet her as a result of new

information, future events or results or otherwise.