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SXGC.TO ·

Mawson Announces Grant of Stock Options and Rsus

Share Capital & Compensation

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

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

NEWS RELEASE JANUARY 15, 2020

MAWSON ANNOUNCES GRANT OF STOCK OPTIONS AND RSUs

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

PINKSHEETS: MWSNF) announces that pursuant to the Company’s Stock Option Plan and Restricted Share Unit Plan

(“RSUs”), it has granted 6,797,500 stock options and 300,000 RSUs to certain directors, officers, employees and consultants

of the Company, exercisable and issuable for up to 7,097,500 common shares of the Company (the “Common Shares”). The

stock options are exercisable at $0.23 per Common Share for a period of 3 years. The RSUs vest immediately and entitle the

holder to receive one Common Share for each RSU granted.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS: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 gold project in Finland.

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 stateme nts of historical fact, are forw ard-looking statements. Althoug h Mawson believes that such

statements are reasonable, it ca n give no assurance that such e xpectations will prove to be correct. Forward-looking statemen ts are typically identified by

words such as: believe, expect, anticipate, intend, estimate, p ostulate, and similar expressions, or are those, which, by thei r nature, refer to future events.

Mawson cautions investors that any forward-looking statements a re not guarantees of f uture resul ts or perf ormanc e, and that actual res ul ts may di f f er

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, l ocal community relations, dealings with non-governmental organi zations, delays in operations

due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Fact ors" in Mawson's most recent

Annual Information Form filed o n www.sedar.com. Any forward-loo king statement speaks only as of the date on which it is made a nd, except as may be

required by applicable securities laws, Mawson disclaims any in t en t o r o b l i g a t i o n t o u p d a t e a n y f o r w a r d - l oo ki n g s t a t e m e n t , w h ether as a result of new

information, future events or results or otherwise.