2011 News Releases

December 28, 2011

Mawson Provides Update on Transaction with Tournigan Energy Ltd.

Vancouver, Canada - Mawson Resources Limited ("Mawson" or the "Company") TSX - MAW; Frankfurt - MRY. Mr. Michael Hudson, President & CEO, announces that the Company has signed a binding agreement with Tournigan Energy Ltd. (TSXV: TVC) ("Tournigan") respecting the terms of the Letter of Intent ("LOI") announced on December 7, 2011 (the "Agreement"). The Agreement supersedes the LOI.

Mawson has received conditional acceptance from the Toronto Stock Exchange to proceed with the transactions contemplated under the Agreement with Tournigan.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)

Mawson Resources Limited is a resource acquisition and development company. The Company has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.

Shares Outstanding: 51,680,753. Cash: approximately C$11.0 million.

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 +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058
Email: info@mawsonresources.com

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 except as required by law.