Mawson Announces Start of 2017/18 Winter Diamond Drilling Program IN Finland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE December 13, 2017
MAWSON ANNOUNCES START OF 2017/18 WINTER DIAMOND DRILLING PROGRAM IN FINLAND
Vancouver, Canada – Mawson Resources Limited (“Ma wson”) or (the “Company”) (TSX:MAW) (Frankfurt:
MXR) (PINKSHEETS: MWSNF) is pleased to announce the commencement of the Company’s winter diamond drilling
program at the 100% owned Rompas-Rajapalot gold project in Finland.
Key Points:
Winter diamond drill program is now underway with 15,000 drill metres planned from December 2017 to April 2018;
One diamond drill rig has been mobilized to East Rompas with 2,000 metres to be drilled through to mid-January;
Further drill rigs will be mobilized to Hirvimaa and Rajapalot from mid to late January 2018;
Mr. Michael Hudson, CEO, states: “We thank our shareholders and the team involved in Mawson’s recent brokered financing
of $5.3 million. We are not wasting any time, with a drill rig already on site to begin the Company’s largest ever drill
program in Finland. We are particularly excited to begin dr illing at our new East Rompas project, where exceptionally high-
grade gold has been discovered in outcrop and mini-drill sa mpling including 2,375 g/t gold; 1,284 g/t gold; 642 g/t gold and
216 g/t gold. We will add additional drill rigs in the new year, to test a range of high priority targets.”
The 15,000 metre winter program plans to both extend known go ld mineralization and test new exploration targets. Drilling
at known gold areas near Palokas, Paloka s South, South Rajapalot and Raja shall follow up on previous gold mineralized
intersections, with an aim to define maiden resources. At East Rompas, Hirvimaa and Rajapalot, new exploration targets
with extensive surface data shall be tested. In addition, fa st and cost-effective grid base-of-till drilling will be used to
discover and test targets along a 20 kilometre strike extent of the new East Rompas high grade gold prospect.
One diamond drill rig has been mobilized to East Rompas with 2,000 metres of drilling planned by mid-January. Further drill
rigs will be mobilized to Hirvimaa and Rajapalot from mid to la te January when snow cover is sufficient and final drill permits
are received. East Rompas is located approximately 500 metres east of the 6 kilometr e long Rompas high-grade vein system
where drill results include 6 metres @ 617 g/t in drill hole ROM0011. Discovery samples were reported on October 11, 2017
and October 23, 2017. To date a total of 30 grab samp les (27 from outcrop) range from 0.1 g/t gold to 2,375 g/t gold,
with an average grade of 201.1 g/t gold and a median of 0.82 g/t gold. Gold mineralization discovered in outcrop is
fracture controlled and associated with strongly biotite-altered mafic rocks, believed hydrothermal in origin, and similar to the
undrilled Joki prospect at Rajapalot. Gold mineralization has been discovered sporadically in two semi-parallel trends, perhaps
as part of an en echelon array within a 750 metre long NNW-SSE oriented zone, where the width of the individual
occurrences are at least 20 metres. Outcrop is poor and forms less than 5% of the area. The northern mineralized zone is
better exposed than the southern zone.
Technical Background
The qualified person for Mawson's Finnish projects, Dr. Nick C ook, President for Mawson and Fellow of the Australasian Institute of Mining
Metallurgy has reviewed and verified the contents of this release.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)
Mawson Resources Limited is an exploration and development company. Mawson ha s distinguished itself as a leading Nordic Arctic
exploration company with a focus on the flagship Rompas and Rajapalot gold projects 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,
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Forward-Looking Statement
This news release contains forward-looking statements or forward-looking information within the meaning of applicable securitie s 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 will prove to be correct. Forward-looking statements are typically
identified by words such as: believe, expe ct, anticipate, intend, estimate, postulate, and similar expressions, or are those, w hich, by their nature, refer to
future events. Mawson cautions investors that any forward-lookin g statements are not guarantees of future results or performanc e, and that actual results
may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, c apital and othe r costs varying
significantly from estimates, changes in world metal markets, changes in equity markets, planned drill programs and results var ying from expectations,
delays in obtaining results, equipment failure, unexpected geol ogical 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 th e heading "Risk Factors" in
Mawson's most recent Annual Information Form filed on www.sedar.c om. Any forward-looking statement speaks only as of the date o n which it is made
and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-l ooking statement, whether
as a result of new information, future events or results or otherwise.