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Mawson Files Amended and Restated Ni 43 – 101 Technical Report

Resource Estimates Technical Reports (NI 43-101)

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

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

NEWS RELEASE February 28, 2020

MAWSON FILES AMENDED AND RESTATED NI 43 – 101 TECHNICAL REPORT

Vancouver, Canada – Mawson Resources Limited (“Mawson” or “the Company”) (TSX:MAW; Frankfurt:MXR;

PINKSHEETS: MWSNF) announces the filing of an amende d technical report entitled "R ajapalot Property Mineral

Resource Estimate NI 43-101 Tec hnical Report dated December 14, 2018 as amended on February 20, 2020” (the

"Amended Technical Report"). The Amended Technical Report does not change the mineral r esources outlined in the

original report dated December 14, 2018.

The Amended Report is available for review under the Company’s profile on SEDAR at www.sedar.com a n d o n t h e

Company’s website at www.mawsonresources.com

The Amended Technical Report has been filed to ensure full comp liance with NI 43-101, as a result of a review by the

British Columbia Securities Commission (the "BCSC") at the request of the Company.

Qualified Person

Michael Hudson, Chairman and CEO for the Company, is a qualifie d person as defined by National Instrument 43-101 –

Standards of Disclosure or Mineral Projects and has prepared or reviewed the preparation of the scientific and technical

information in this press release. The Amended 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.

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,

[email protected]

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.