2007 News Releases

April 03, 2007

Mawson Third Quarter Update

VANCOUVER, April 3 - Mawson Resources Limited ("Mawson") TSXv - MAW; Frankfurt - MRY.

Michael Hudson, President & CEO, reports that the company's third quarter, which ended February 28, 2007, has been an active one on the corporate, acquisition and drill fronts.

Drilling commenced, and is continuing, at the Tasjo and Klappibacken uranium projects in Sweden. Initial results released from Tasjo indicated multiple near-surface uranium and rare earth-mineralized horizons, which averaged five metres true thickness over an area of 100 metres by 500 metres. The consistency of grade, the strike extent and the shallow depth of uranium mineralization are most encouraging, says Hudson. Further drill results from a larger area at Tasjo will be available soon. The first drill results from the Klappibacken project are expected within the next six weeks.

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