Mawson Exploration Program Update: Rajapalot GOLD-Cobalt Project, Finland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE AUGUST 13, 2018
MAWSON EXPLORATION PROGRAM UPDATE: RAJAPALOT GOLD-COBALT PROJECT, FINLAND
Vancouver, Canada – Mawson Resources Limite d (“Mawson”) or (the “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces an update on summer geophysical programs and drilling plans
at the Company’s 100% owned Rajapalot gold-cobalt project in northern Finland.
Key Points:
Over the past 6 weeks geophysical contractors have comp leted a 103-line kilometre ground magnetic survey on 25
metre spaced lines in the northern part of the Hirvimaa permit area, focussed on testing areas with anomalous base-
of-till (“BOT”) drill results (Figure 1);
Further geophysical programs to start during August incl ude downhole electromagnetics (“EM”), fixed-loop EM and
mise-a-la-masse. These geophysical surveys will test the Ka iramaat 2/3 permit and are designed to discover new
mineralized bodies and the extension to known gold mineralization at Raja, Rumajärvi and Palokas;
Diamond drilling to test geophysical and base-of-till anom alies is scheduled to commence at Hirvimaa and Männistö
exploration permits during September;
6,912 from a total of 7,078 assays remain unreported from the cobalt re-assay program. Further results will be released
shortly;
Mr. Hudson, Chairman and CEO, states, "The sulphide minerals associated with gold-cobalt mineralization at Rajapalot have
a predictable geophysical signature. These new geophysical surveys will allow us to derisk, refine and expand drilling targets
for testing in the coming months. Combined with BOT geochemical drill data we have multiple drill targets defined on the
Hirvimaa and Raja permits that are accessible for drilling year-round. We look forward to restarting diamond drilling during
September as we wrap up the final assays and compilation from our extensive 75 drill hole (16,204 metres) winter diamond
drill program.”
The geophysical character of the gold-cobalt mineralization at Rajapalot is now well understood. Ground magnetic surveys
at 25 metre line spacing are effective at locating pyrrhotite with a strong reverse remanent magnetic signal. Gradient array
IP surveys can accurately locate both disseminated sulphide minerals (where the surface area of sulphides may produce a
chargeable electrical response) and electrically conductive feat ures. Mawson’s experience at Rajapalot indicates that gold
mineralized rocks often contain sufficient sulphide minerals to form magnetic, chargeable and conductive responses. The
discovery success when drill testing these features (see Figure 1) strongly supports applying this strategy in the development
of new target areas.
Detailed structural logging of the drill core continues in asso ciation with PGN Geoscience (Jackson van den Hove, Laurent
Ailleres), in addition to regional structural and geochemical studies with Nick Oliver of HCOV Global and structural consultant
Leigh Rankin. Using the skills of Mawson ’s experienced personnel, these data are being integrated with field and
lithogeochemical interpretations to produce a new 3D geologic al model to understand the shape, size, grade distribution
and controls on the gold-cobalt mineralization.
Technical and Environmental Background
The ground magnetic survey was conducted by personnel from GeoVista AB (based in Luleå, Sweden). Line orientations for this program
were matched with prior survey parameters. Post-collection processing and inversions of the data are completed by Dr Hans Thune hed
of GeoVista AB.
The qualified person for Mawson's Finnish projects, Dr. Nick Cook, President for Mawson and Fellow of the Australasian Institute of Mining
Metallurgy has reviewed and verified the contents of this release.
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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,
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, 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, ch anges in equity markets, planned drill programs and results var ying 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 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-looking statement, whether
as a result of new information, future events or results or otherwise.