Mawson acquires 6 million Hansa Resources shares
VANCOUVER, July 25 - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY, reports the filing of an early warning report dated July 25, 2008, with respect to its shareholding in Hansa Resources Limited ("Hansa"). Hansa is listed on the TSX Venture Exchange under the symbol "HRL".
Pursuant to Mawson's news release of August 2, 2007 and the purchase and sale agreement dated April 10, 2008 (the "Agreement"), Mawson has acquired 6,000,000 common shares of Hansa (the "Hansa Common Shares"). As provided under the Agreement, in exchange for 25 exploration claims and 1 mining lease (the "Claims") Mawson has been issued the Hansa Common Shares, paid C$250,000 cash and granted a 2% net smelter royalty on future production from some of the Claims (the "Purchase and Sale"). Prior to the closing of the Purchase and Sale, Mawson owned no shares of Hansa. The Hansa Common Shares represent 14% of the issued and outstanding share capital of Hansa.
The acquisition of the Hansa Common Shares is for investment purposes only. Mawson may from time to time acquire additional securities of Hansa, dispose of existing or additional securities, or continue to hold its current position.
Mawson is focused on the exploration and development of its advanced European uranium assets. Sale of the gold and base metal claims to Hansa under the Agreement realises immediate value and provides Mawson with the opportunity to benefit from Hansa's future exploration success.
A copy of the early warning report may be obtained by contacting Mawson's head office at 604.685.9316, on Mawson's website www.mawsonresources.com or on SEDAR www.sedar.com.
About the Company: Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland. As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.
On behalf of the Board,
Michael Hudson, President & CEO
Forward Looking Statement. The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.