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Mawson Announces Results of Annual General Meeting

Shareholder Meetings

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

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

NEWS RELEASE NOVEMBER 29, 2021

MAWSON ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Vancouver, Canada – Mawson Gold Limited (“Mawson” or the “Compa ny”) (TSX:MAW) (Frankfurt: MXR)

(PINKSHEETS: MWSNF) announces the voting results from the Company’s Annual General Meeting of Shareholders held

on Monday, November 29, 2021 (the “Meeting”). A total of 112,786,656 common shares were voted, representing 43.96%

of the Company’s issued and outstanding common shares. Shareholders voted in favor of all the items of business before

the Meeting, including setting the number of directors at six (6) and for the re-election of Michael Hudson, David Henstridge,

Noora Ahola, Colin Maclean and Philip Williams as directors for the ensuing year and also elected Ivan Fairhall as director.

The Company welcomes Mr. Fairhall as a director.

Mr. Nick DeMare did not stand for re-election. The Board of Di rectors thanks Mr. DeMare for his valuable and dedicated

service as director and looks forward to continuing to work with Mr. DeMare in his capacity as CFO of the Company.

The percentage of votes cast for each director is as follows:

Nominee Votes For % For Votes

Withheld

%

Withheld

Michael Hudson 112,768,210 99.98 18,446 0.02

Ivan Fairhall 112,768,210 99.98 18,446 0.02

David Henstridge 111,603,420 98.95 1,183,236 1.05

Colin Maclean 112,769,210 99.98 17,446 0.02

Noora Ahola 101,616,920 90.10 11,169,736 9.90

Philip Williams 112,768,210 99.98 18,446 0.02

In addition, shareholders approved the re-appointment of D&H Gr oup LLP, Chartered Professional Accountants, as the

Company’s auditors for the ensuing year at the remuneration to be fixed by the directors of the Company. No other business

was put forth before the Meeting.

Additional details of the results of the Meeting will be provided in a Report of Voting Results to be filed under the Company’s

profile on SEDAR at www.sedar.com

Following the Meeting, the Board of Directors re-appointed Mr. Hudson as Executive Chairman, Mr. Ivan Fairhall as CEO,

Mr. DeMare as CFO, and Ms. Mariana Bermudez as Corporate Secret ary. The Board of Directors also appointed Messrs.

Henstridge, Maclean and Williams as members of the Company’s Audit Committee.

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)

Mawson Gold 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-cobalt proj ect in Finland. Mawson also owns or is joint venturing into thr ee high-

grade, historic epizonal goldfields covering 470 square kilometres in Victoria, Australia and is well placed to add to its already significant

gold-cobalt resource in Finland.

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

This news release contains forward-looking statements or forwar d-looking information within the meaning of applicable securiti es laws

(collectively, "forward-looking statements"). All statements he rein, other than statements of h istorical fact, are forward-loo king

statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will 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 fo rward-

looking statements as a result of various factors, including, but not limited to, timing and successful completion of drill programs planned;

capital and other costs varying significantly from estimates; c hanges in world metal markets; changes in equity markets; favou rable

governmental relations and support for the development and operation of mining projects; the potential impact of epidemics, pandemics

or other public health crises, in cluding the current pandemic known as COVID-19 on the Company’s business; risks related to ne gative

publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs an d results

varying from expectations; delays in obtaining results; equipme nt failure; unexpected geological conditions; local community r elations;

dealings with non-governmental organizations; delays in operations 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 whi ch it is made and, except as may be required by applicable secu rities

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.