Mawson Joint Ventures Western USA GOLD Project
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE AUGUST 05, 2020
MAWSON JOINT VENTURES WESTERN USA GOLD PROJECT
Vancouver, Canada – Mawson Gold Limite d (“Mawson” or “the Company”) (TSX:MAW;
Frankfurt:MXR; PINKSHEETS: MWSNF) announces it has signed a Letter of Intent (“ LOI”) to Joint Venture
the Western USA Epithermal Gold Project (the “ WUSA Project”), a district-scale, underexplored, permitted and
drill ready epithermal gold-silver project locate d within the Western Cascades, Oregon, USA to Aguila American
Gold Ltd (“Aguila”).
Key Points
Mawson has signed an LOI detailing investment terms whereby Aguila will invest US $ 1.2 million to earn
up to an 80% interest in the WUSA Project. Afte r the US$1.2M investment by Aguila, Mawson will hold a
20% non-dilutable position in the project, until a deci sion to mine, and will be fr ee carried by loans from
Aguila, repayable from production cash flows;
Mawson will continue to focus on thr ee globally significant precious-metal terrains (Finland and both the
Victorian Goldfields and Mt Isa in Australia), while still maintaining exposure to the under-explored WUSA
district-scale high and low sulphidation epithermal gold project.
Michael Hudson, CEO, states, “While Mawson continues to focus on our core gold projects in the Victorian Goldfields
of Australia and Lapland in Finland, we have found a solid partner in Aguila to share in the upside of the WUSA gold
project in Oregon. Shareholders can anticipate results from drill programs from four globally precious-metal terrains
being Finland, the Victorian Goldfields, Mt Isa in Australia and now Oregon during the remainder of the 2020 year.”
The LOI provides Aguila with the right to earn up to an 80% interest in the WUSA Epithermal Gold Project, Oregon
through committing to certain exploration expenditures. Aguila must invest US$200,000, including 600 meters of
diamond drilling during calendar 2020, to earn a 51% interest in the project. By investing a further US$1,000,000
in exploration, by no later than by December 31, 2022, Agu ila can earn an additional 29% interest in the project
(80% in total). On Aguila acquiring an 80% interest , the 20% holding of Mawson will be non-dilutable until a
decision to mine, and Mawson shall be free carried by lo ans from Aguila, repayable from production cash flows.
The acquisition of the WUSA Project by the Company is subject to completion of a Private Placement by Aguila.
Technical and Environmental Background
Michael Hudson, Chairman and CEO for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure
for Mineral Projects and has prepared or reviewed the preparation of the scientific and technical information in this press release.
About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)
Mawson Gold Limited is a gold exploration and development company and has distinguished itself as a leading exploration company with a
focus on the flagship Rajapalot gold-cobalt project in Finland and its Victorian gold properties in Australia.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
www.mawsongold.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 wi thin the meaning of applicable securitie s laws
(collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-look ing statements.
Although Mawson believes that such statemen ts are reasonable, it can give no assuranc e that such expectations will prove to be correct.
Forward-looking statements are typically identified by words su ch 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, timing of the updated resour ce on the Company’s Finnish projects, the Company’s
expectations and timing of the resource expansion and definition program at Rajapalot, Finland, timing and successful completio n of the
geophysics and drill programs planned at Redcastle and Sunday Creek, capital and other costs varying significantly from estimates, changes
in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises, including the
current outbreak of the novel coronavirus known as COVID-19 on the Company’s business, planned drill programs and results varying from
expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-
governmental organizations, delays in oper ations due to permit grants, environmental and safety risks, and other risks and unce rtainties
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, ex cept as may be required by applicable securities laws, Mawson d isclaims
any intent or obligation to update any forw ard-looking statement, whether as a result o f n e w i n f o r m a t i o n , f u t u r e e v e n t s o r r e s ults or
otherwise.