2005 News Releases

March 01, 2005

New Exploration Permits Granted Mawson Becomes Largest Exploration Title Holder in the Skellefte Gold District of Sweden

Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSXv -- MAW. Mr Michael Hudson, President, is pleased to announce the final granting of five new 100% owned exploration permits totaling 34,434 hectares by the Swedish Mining Inspectorate (Bergstatten). The applications for these permits were previously announced on January 19, 2005. The granted permits are known as Näverliden nr 1 (1,886 Ha), Bjurbäcksliden nr 1 (4,167 Ha), Berglunda nr 1 (1,616 Ha), Käringberget nr 1 (3737 Ha) and Granberget nr 1 (21,865 Ha).

The recent staking increases Mawson's total property holdings to 17 permits covering 77,647 Ha and Mawson is now the largest exploration title holder in the Skellefte gold district, and the fourth largest explorer, by area, in Sweden.

The regional geology and gold mineralization of the Skellefte district are similar to two of the largest gold provinces in the world; Timmins, Ontario and the Golden Mile in Western Australia, each of which has produced more than 50 million ounces of gold. To date, in excess of 12 million ounces of gold have been delineated in existing and mined resources in the Skellefte district. Gold resources currently being mined or developed by others in the district include Svartliden (2.2 Mt @ 4.5 g/t Au (324 000 oz)) and Björkdal (23.5 Mt @ 1.5 g/t Au (1 138 000 oz)). Gold mineralization in the Skellefte district is concentrated along a north-west structural trend known as the "gold-line" in the western part of the field. Mawson's new exploration permits are predominantly located along this mineralized trend and were defined from the Company's comprehensive regional database in combination with specialist structural interpretation of the region.

Surface sampling and mapping will commence on all areas from May 2005. Locations of the new applications areas can be reviewed on Mawson's website at http://www.mawsonresources.com/index.php?page=projectsoverview.

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.