2004 News Releases

December 10, 2004

Mawson Completes 2004 Drill Program at Vargbäcken

Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSXv -- MAW (for Quotes in the USA MAW.V). Mr Michael Hudson, President, reports that the Phase 1 drilling at the Vargbäcken property in the historic mining Skellefte of Northern Sweden was concluded for 2004 on December 9th.

A total of 18 large diameter reverse circulation drill holes for 1,700 metres were completed during the program. Assay results will be reported as they are received.

Mark Saxon, Vice-President of Exploration for Mawson and Member of the AusIMM, is the qualified person as defined by National Instrument 43-101 at Vargbäcken.

Mawson Resources Limited TSXv - MAW (for Quotes in the USA MAW.V) is a well-funded TSX Venture Exchange mineral exploration company focused on gold exploration in the historic Skellefte gold mining district of Northern Sweden. The Company holds in excess of 44,000 hectares of exploration and mining titles and has acquired three advanced gold projects. The Mawson Directors bring both strong corporate and technical competencies to create shareholder wealth through resource discovery.

ON BEHALF OF THE BOARD

"Michael Hudson"
Michael Hudson, President & CEO

Investor Information
www.mawsonresources.com

1305 -- 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez (604) 685 9316
Investor Relations Consultant: Nick Nicolaas (604) 657 4058
Email: info@mawsonresources.com

Forward Looking Statements
This Company Summary contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.