Mawson Mobilizes Fifth Drill Rig to Rajapalot, Finland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE MARCH 21, 2017
MAWSON MOBILIZES FIFTH DRILL RIG TO RAJAPALOT, FINLAND
Vancouver, Canada – Mawson Resources Limite d (“Mawson”) or (the “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces the mobilization of a fifth drill rig to the Rajapalot gold project in
Finland. The objectives of the winter drill program were to extend known gold mineralization, discover new gold mineralized
sites beneath gold-bearing boulders and outcrop, and to better define the extent and prospectivity of the large hydrothermal
system. The winter drill program is now 60% complete and the results achieved so far have encouraged the mobilization
of a fifth rig to the Rajapalot project.
Key Points:
Four diamond drill rigs and one base-of-till (“BOT”) rig are now operational at site;
Thirty-two holes have been completed to date, totalling 5,950 metres of diamond drill core. Assay results from 8
holes have been reported, while results are pending for an additional 24 completed holes. A further 25 diamond
drill holes are planned to be drilled before the completion of the winter program;
The BOT rig has completed 1,533 holes for 6,304 metres (average depth 4.3 metres) at Rajapalot (Kairamaat 2-3)
and further east at Raja. A further 300 holes are planned this winter. A total of 1,235 holes have been reported,
defining numerous new gold anomalous areas. The BOT rig is now infilling gold anomalous areas defined by 150
metres spaced grid drilling, on 10-20 metres spaced lines.
Mr. Hudson, Chairman and CEO, states, "A fifth drill rig has no w been mobilized to site, based on early program success,
which includes the discovery of two high-grade gold zones at Palokas with greater than 100 gold gram x metre intercepts
(News Release 21 Feb 2017); the delineation by BOT drilling of broad gold anomalies across the property (News Release 9
Feb 2017); and the discovery of a new style of gold-bearing altera tion comprising magnetite-pyrrhotite-biotite-chlorite at
South Rajapalot, in a broad zone extending 900m along strike (News Release 6 Mar 2017). We look forward to releasing
further results as they become available.”
Technical and Environmental Background
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.
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.