Mawson Closes Central Victorian Goldfields Investment and Acquisition IN Australia
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE March 25, 2020
MAWSON CLOSES CENTRAL VICTORIAN GOLDFIELDS INVESTMENT AND ACQUISITION IN
AUSTRALIA
V a n c o u v e r , C a n a d a — M a w s o n R e s o u r c e s L i m i t e d ( “ M a w s o n ” o r t h e “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce that the Company has closed the strategi c and
acquisition investment with Nagambie Resources Limited (NAG:ASX) (“Nagambie”). This follows news releases made on
January 29, 2020 announcing binding Letter Agreements and March 23, 2020 announcing the execution of final agreements.
Key points:
Mawson has subscribed for 50.0 million ordinary shares (the “ Nagambie Shares”) or a 10% shareholding in
Nagambie, which provides Mawson with a right of first refusal to take up or match proposals being considered over
a competitive 3,600 square kilometre tenement package. In addi tion, Mawson has a pre-emptive right on future
issuances of Nagambie Shares to avoid dilution. As considerati on for the acquisition of the Nagambie Shares,
Nagambie has received 8.5 million common shares of Mawson (the “Mawson Private Placement Shares ”),
which represent approximately 4.7% of the total issued Mawson c ommon shares (after including the 1.0 million
Mawson Acquisition Shares from the Clonbinane project acquisition);
Mawson has acquired 100% of the Clonbinane project, for conside ration of A$500,002 cash and the issuance of
1.0 million common shares of Mawson (the ” Mawson Acquisition Shares”). Mawson has also paid Nagambie
A$28,000 to replace environmental bonds; and
Mawson has the right to earn up to a 70% joint venture interest in each of Nagambie’s Redcastle and Doctor’s
Gully gold properties located in Victoria, Australia by expending A$1M over a 5-year period into each project.
The Mawson Private Placement Shares and the Mawson Acquisition Shares are subject to a four month hold expiring on
July 26, 2020 and voluntary trading restrictions to be released from such restriction in four equal tranches (being 2,375,000
Shares per tranche) on July 25, 2020, January 25, 2021, July 25, 2021 and January 25, 2022, respectively.
The securities offered have not been workers, and will not be, registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States
or to, or for the account or benefit of, U.S. persons absent re gistration or an applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an
offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)
Mawson Resources Limited is an exploration and developmen t company. Mawson has distingui shed itself as a leading Nordic Arctic
exploration company with a focus on the flagship Rajapalot gold project in Finland. The Australian acquisition provides Mawson with a
strategic and diversified portfolio of high-quality gold exploration assets in two safe jurisdictions.
About Nagambie Resources Ltd (ASX: NAG)
Nagambie Resources Ltd ( “Nagambie”) explores for Fosterville-style, structural-controlled, high- grade sulphide-gold underground
deposits within 3,600 sq km of Waranga Domain tenements. Exploration is carried out using geophysical targeting techniques, diamond
drilling and analysis for hydrothermal alteration of the sediments.
Nagambie is also evaluating:
Underwater storage of sulphidic excavation material in the two legacy gold pits at the Nagambie Mine, capable of storing 5
million tonnes of spoil from major infrastructure projects for Melbourne such as Metro Tunnel, West Gate Tunnel and North East
Link.
Recycling of the tailings and overburden dumps to produce aggregates for concrete and gravel products respectively.
Quarrying and screening of sand deposits at the mine to produce various sand and quartz aggregate products is planned.
2
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
T h i s n e ws r e l e as e c o n t a i ns f o r w ar d - l o ok i n g s t a t e m e n t s o r f o r w a rd-looking information within the meaning of applicable securiti es 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 t hat such expectations will prove to be correct. Forward-lookin g 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 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, c hanges in equity markets, planned drill programs and results va rying from expectations,
delays in obtaining results, equipment failure, unexpected geological 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 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 which it is made
and, except as may be required by applicable securities 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.