Mawson Begins Drilling, Permit Renewed at Rajapalot Finland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE January 21, 2019
MAWSON BEGINS DRILLING, PERMIT RENEWED AT RAJAPALOT FINLAND
Vancouver, Canada – Mawson Resources Limited (“Maws on”) or (the “Company”) (TSX:MAW, Frankfurt:MXR,
PINKSHEETS: MWSNF) announces renewal of the Kairamaat 2-3 exploration permit, part of the Rajapalot project area, by
the Finnish Mining Authority, TUKES, on 18 January, 2019.
Key Points:
➢ Immediate commencement of ground preparation and winter diamond drilling according to the legal enforcement of
earlier exploration permit conditions;
➢ Regranting of the entire 1,462 hectare Kairamaat 2-3 exploration permit for an additional 3 years, according to specific
environmental (“Natura”) assessments performed by Mawson;
➢ The permit defines exploration methods that can be undertaken within Natura 2000 areas, including but not limited to
diamond drilling, base of till drilling and geophysics;
➢ Four drill rigs to be mobilized to site within a week, to focus on expanding the maiden gold-cobalt resource for the
Rajapalot project announced on December 17, 2018;
➢ The Raja prospects will be the initial focus of the 15,000 metre drill program. Approximately 70 people will be employed
to execute the approximate €3 million program once work commences;
➢ The Company welcomes all stakeholders to a public forum to be held at the Ylitornio Municipal Hall on January 28th to
celebrate the recently published maiden resource and the commencement of the 2019 winter drill program.
Mr Hudson, Chairman & CEO states, "Mawson has worked closely with all Finnish mining and environmental authorities, as well
as all local stakeholders, to ensure our work programs are im plemented in a safe, efficient and environmentally friendly way,
to avoid impacts within biodiversity areas. For the past decade, Mawson has been a safe and sustainable investor and mineral
explorer in the Ylitornio region. With the recent publication of a gold-cobalt resource at Rajapalot, the Company looks forward
to an exciting 2019 with drill rigs once again ready to start for our resource expansion drill programs.”
Statements or consolidating evidence su pporting Mawson’s permit re newal were received from independent Professorial
experts, the Environmental Authority and the local Ylitornio mu nicipality while the local reindeer herder association did not
lodge any concerns.
The Finnish Mining Authority, TUKES, the re sponsible permitting authority, made a cl ear decision to regrant the permit for 3
years, while ensuring all environmental values of the perm it area will be secured. The ruling was based on Mawson’s
comprehensive Natura assessment and mitiga tion procedures to avoid impacts on the natural environment. As is standard
under Finnish Administrative law, the permit is appealable wi thin 30 days of the decision. However, the enforcement order
allows commencement of work according to the legal enforcement of the earlier ex ploration permit conditions (i.e. drilling
operations), until any appeals, if received, are addressed by the Administrative Court. Only the Administrative Court has the
power to cancel an enforcement order.
According to the Finnish Mining Act, after the first renewal peri od of up to 4 years, exploration permits in Finland can be
renewed in 3-year maximum intervals, for a combined total of 15 years. The Kairamaat 2-3 exploration permit area was first
granted to Mawson as exploration claims in October 2011 under an older version of the Mining Act, and then renewed in June
2014. Due to expanded work programs and a new Natura Assessment, the new permit decision replaces a superseded permit
decision made on January 12, 2018.
In other news, the Company welcomes all stakeholders to a public forum to be held at the Ylitornio Municipal Hall on January
28th to celebrate the recently published maiden resource and the commencement of the 2019 winter drill program. Many staff,
including the Company’s CEO and Environmental Director will be in attendance to address all questions regarding the Rajapalot
project, work programs and the Company.
Technical Background
The qualified person for Mawson, Mr. Michael Hudson, Chairman and CEO for Mawson and Fe llow of the Australasian Institute of Mi ning
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 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.
Rajapalot is a significant and st rategic gold-cobalt resource for Finland with th e recently published maiden resource already p ositioned as
one of Finland's current top three gold resources by grade and co ntained ounces and one of a small group of cobalt resources pr epared in
accordance with NI 43-101 policy within Europe. A pit and undergr ound Constrained Inferred Mineral Resource of 424,000 ounces o f gold
equivalent ("AuEq") at 3.1 g/t AuEq (4.3 million tonnes at 2.3 g/t Au, 430 ppm Co) at 0.37 g/t AuEq cut-off open pit and 2 g/t AuEq
underground was calculated, within a combined Unconstrained Infe rred Mineral Inventory for the Palokas and Raja prospects of 48 2,000
ounces gold equivalent at a grade of 2.4 g/t AuEq (6.2 million tonnes at 1.7 g/t Au, 410 ppm Co) at 0.4 g/t AuEq cut-off. The c onstrained
resource demonstrates the high-grade of Rajapalot with open-pittable grades of 2.8 g/t AuEq (2.1 g/t Au and 420 ppm Co) and underground
grades of 5.2 g/t AuEq. The calculation represents the first re source estimate for the Rajapalo t Gold-Cobalt Project and has su bstantial
potential to grow, with only 20% (800 metres) of the 4 kilometres known mineralized trend included within the maiden resource to relatively
shallow depths (average depth of drilling 88 metres within 34.2 kilometres drilled to date at Rajapalot)
NI 43-101 Technical Report:
On December 19, 2018, Mawson filed an independent National In strument 43-101 Technical Report (the “NI 43-101 Technical Report”) on
the Mineral Resource Estimate for the Raja and Palokas Prospe cts, at the 100% owned Rajapalot Project in Finland, (the “ NI 43-101
Technical Report”), in support of the Company’s news release dated December 17, 2018. The NI 43-101 Technical Report was authorized
by Mr. Rod Webster of AMC Consultants Pty Ltd (“AMC”) of Melbourne, Australia, and Dr. Kurt Simon Forrester of Arn Perspective of Surrey,
England. Each of Mr. Webster and Dr. Forrester are independent “qualified persons” as defined by National Instrument 43-101. The NI 43-
101 Technical Report may be found on the Company’s website at www .mawsonresources.com or under the Company’s profile on SEDAR
at www.sedar.com. The gold equivalent ("AuEq") value was calculated using the following formula: AuEq g/t = Au g/t + (Co ppm/608) with
assumed prices of Co $30/lb; and Au $1,250/oz. AuEq varies with Au and Co prices.
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
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.