2013 News Releases

January 14, 2013

Mawson Grab Samples up to 1,520 g/t Gold at Rajapalot, Finland

For brief webcast see "60 Second Press Release"

Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSX -- MAW; Frankfurt -- MXR, PINKSHEETS- MWSNF has discovered further gold mineralization at the Rajapalot project in Northern Finland with grab samples returning up to 1,520 g/t gold. Mineralization has now been discovered within an area of 4 square kilometres at Rajapalot, which lies 8 kilometres east of the initial Rompas gold discovery.

Highlights from the new results include:

  • Discovery of new prospect area, Hirvimaa, located 1 kilometre north of previously known mineralization, where 17 surface grab samples returned up to 1,520 g/t gold (minimum 0.0 g/t gold) and 17,300 ppm uranium (minimum 0.1 ppm uranium) and averaged 55.5 g/t gold and 2,246 ppm uranium (Figures 1 and 2, Tables 1 and 2).
  • Rock chip sampling across a strongly altered outcrop at the Palokas prospect averaged 13.4 g/t gold and 226 ppm uranium over 9 metres (Figures 3 and 4). Mineralization is sampled to the overburden contact in both directions (Figure 4). This is the widest zone of continuous gold mineralization found at Rompas-Rajapalot to date. Additionally, the style of mineralization is more sulphidic and of a disseminated or replacement style, which differs from the vein style observed at Rompas. A 1.4 kilometre by 1 kilometre ground based electromagnetic and magnetic geophysical survey is currently underway to test this area and determine extensions of this zone undercover (Figure 1).
  • Results from limited channel sampling at Hirvimaa returned up to 2.0m at 21.5 g/t gold and 44 ppm uranium (Figure 2, Table 3).
  • In total, 80 grab samples from the Rajapalot prospect to date average 152.0 g/t gold and 3,248 ppm uraniumand range from 0.001g/t to 2,817 g/t gold and 0.1 to 81,900 ppm uranium (Tables 1 and 2, Figures 1-6);

Mr Hudson states, "The frequency of discovery at Rajapalot over such a large area is impressive given the limited outcrop, which is restricted to small topographic highs, in a generally swampy terrain. Grades up to 1,520 g/t gold continue to excite and the disseminated and more sulphidic style of mineralization, such as that sampled at Palokas, is of interest as it forms a potential bulk tonnage style of mineralization that is amenable to geophysical targeting undercover."

A summary of sample statistics is shown in Table 1 and all results received to date are shown in Tables 2 and 3. Channel samples are considered representative of the in-situ mineralization sampled and channel widths quoted approximate the true width of mineralization; rock chip panel sampling is considered moderately representative of in-situ mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property.

In other news, diamond drilling is ongoing 8 kilometres west of Rajapalot, at the North Rompas prospect. Drilling is targeting structures containing high grade gold, where channel sample results include 1.40 m at 2,529 g/t gold and 5.1 % uranium oxide. To date 25 holes for 2,095 metres have been completed. First results are expected to be received over the next 3 to 4 weeks.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, 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-Rajapalot gold project in Finland.

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
Mariana Bermudez/Donna Werbes +1 (604) 685 9316
Seema Sindwani +1 647-478-3017
Email: info@mawsonresources.com

Technical Background

Samples were transported by Mawson personnel from site to ALS Chemex Ltd's laboratory in Pitea, Sweden where the samples were prepared and sent to ALS Chemex Ltd's laboratory in Vancouver, Canada to be analyzed by Au-ICP21, GRA-21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, with blanks at the beginning of each batch. In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. Three NORM samples were analyzed at SRC Geoanalytical Laboratories, Saskatchewan, Canada, by ICP1 Partial Digestion except for gold which was analyzed by Fire Assay. The qualified person for Mawson's Finnish projects, Mr Terry Lees, VP Exploration for Mawson and Fellow of the Australian Institute of Geoscientists has reviewed and verified the contents of this release.

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.

Table 1: Summary statistics from all grab samples taken from the Rajapalot discovery to date.

Prospect Number of Samples Approximate Area Max
Au g/t
Min
Au g/t
Average
Au g/t
Max
U ppm
Min
U ppm
Average
U ppm
Sample Type
Joki 14 800m x 150m 2,817 0.00 453.7 81900 3.7 12544 6 Outcrops, 8
Boulders
Palokas 17 170m x 55m 85.0 0.00 20.7 15100 2.5 1331 15 Outcrops, 2
Boulders
Rumajarvi 32 700m x 250m 1,380 0.00 85.6 4870 2.7 732 8 Outcrops, 24
Boulders
Hirvimaa 17 300m x 100m 1520 0.00 55.5 17300 0.1 2246 8 Outcrops, 9
Boulders
TOTAL 80 2,817 0.00 152.0 81900 0.1 3248 37 Outcrops, 43
Boulders

Table 2: All assay results from prospecting grab samples from the Rajapalot area:

Prospect Sample
Number
Sample
Type
Au
g/t
U
ppm
Date
Reported
Joki 231332 outcrop 2817.0 81900 29-Oct-12
Joki 222353 outcrop 2196.0 45100 29-Oct-12
Joki 231330 outcrop 933.0 7540 29-Oct-12
Joki 231422 boulder 148.0 23600 29-Oct-12
Joki 231331 boulder 136.0 1670 29-Oct-12
Joki 231836 boulder 52.2 433 29-Oct-12
Joki 231835 outcrop 41.4 4400 here
Joki 222386 boulder 25.0 411 here
Joki 222385 boulder 0.7 59.2 here
Joki 231333 boulder 0.1 8540 29-Oct-12
Joki 231837 outcrop 0.1 18 29-Oct-12
Joki 222387 boulder 0.0 373 here
Joki 231423 boulder 0.0 1040 4-Sep-12
Joki 231347 outcrop 0.0 4 4-Sep-12
Palokas 231417 outcrop 85.0 16 4-Sep-12
Palokas 231810 outcrop 66.3 13 4-Sep-12
Palokas 231418 outcrop 63.6 790 29-Oct-12
Palokas 231839 outcrop 53.8 31 29-Oct-12
Palokas 222375 outcrop 20.5 4 Here
Palokas 231838 outcrop 19.6 7 29-Oct-12
Palokas 222372 outcrop 12.5 238 29-Oct-12
Palokas 222376 outcrop 8.3 3 Here
Palokas 222374 outcrop 7.5 14 Here
Palokas 222377 outcrop 4.5 5 Here
Palokas 222378 outcrop 4.0 10 Here
Palokas 231419 outcrop 2.2 3790 29-Oct-12
Palokas 222379 outcrop 1.6 10 Here
Palokas 231843 boulder 1.4 75 29-Oct-12
Palokas 231420 outcrop 0.5 15100 29-Oct-12
Palokas 231421 outcrop 0.1 64 4-Sep-12
Palokas 231814 boulder 0.3 2550 Here
Rumajarvi 231817 boulder 1380.0 1070 Here
Rumajarvi 231340 boulder 1245.0 2750 29-Oct-12
Rumajarvi 231819 boulder 33.0 500 29-Oct-12
Rumajarvi 231416 outcrop 22.7 630 29-Oct-12
Rumajarvi 231805 boulder 14.4 301 4-Sep-12
Rumajarvi 231806 boulder 11.3 460 4-Sep-12
Rumajarvi 231336 boulder 9.4 18 4-Sep-12
Rumajarvi 231339 boulder 7.1 2500 4-Sep-12
Rumajarvi 231818 boulder 4.6 301 29-Oct-12
Rumajarvi 231338 boulder 3.30 420 4-Sep-12
Rumajarvi 231428 boulder 2.0 1890 Here
Rumajarvi 231833 boulder 2.0 7 29-Oct-12
Rumajarvi 231803 outcrop 1.3 75 29-Oct-12
Rumajarvi 231337 boulder 0.9 460 4-Sep-12
Rumajarvi 231832 boulder 0.6 389 29-Oct-12
Rumajarvi 231809 outcrop 0.5 23 4-Sep-12
Rumajarvi 231841 outcrop 0.4 36 29-Oct-12
Rumajarvi 231804 boulder 0.3 2340 29-Oct-12
Rumajarvi 222370 outcrop 0.2 33 29-Oct-12
Rumajarvi 231834 boulder 0.1 485 29-Oct-12
Rumajarvi 231807 boulder 0.1 4870 29-Oct-12
Rumajarvi 231808 outcrop 0.1 28 4-Sep-12
Rumajarvi 231335 outcrop 0.1 31 4-Sep-12
Rumajarvi 231342 boulder 0.1 91 4-Sep-12
Rumajarvi 231840 boulder 0.1 120 29-Oct-12
Rumajarvi 231415 outcrop 0.0 7 4-Sep-12
Rumajarvi 231820 boulder 0.0 31 29-Oct-12
Rumajarvi 231831 boulder 0.0 59 29-Oct-12
Rumajarvi 231341 boulder 0.0 580 4-Sep-12
Rumajarvi 231830 boulder 0.0 1850 Here
Rumajarvi 231829 boulder 0.0 5 29-Oct-12
Rumajarvi 231816 boulder 0.0 337 29-Oct-12
Hirvimaa 232194 boulder 1520.0 17300 Here
Hirvimaa 232198 outcrop 858.0 1570 Here
Hirvimaa 232187 boulder 253.0 14650 Here
Hirvimaa 232197 outcrop 83.8 1760 Here
Hirvimaa 232186 boulder 1.42 11 Here
Hirvimaa 232199 outcrop 1.3 2 Here
Hirvimaa 232193 boulder 0.9 690 Here
Hirvimaa 232185 boulder 0.7 2120 Here
Hirvimaa 232192 outcrop 0.5 43 Here
Hirvimaa 232196 outcrop 0.0 2 Here
Hirvimaa 237204 outcrop 0.0 0 Here
Hirvimaa 237209 boulder 0.0 7 Here
Hirvimaa 237203 boulder 0.0 1 Here
Hirvimaa 237202 boulder 0.0 1 Here
Hirvimaa 232779 outcrop 0.0 15 Here
Hirvimaa 237205 boulder 0.0 1 Here
Hirvimaa 237207 outcrop 0.0 13 here

Table 3: Summary of trenches samples from the Hirvimaa prospect at the Rajapalot prospect.

Lower cut-off of 0.1 g/t gold over 1 metre.


Trench Total length From To Interval Au g/t U ppm
Trench 115408 4.4 1.6 3.6 2 21.5 43.9
includes 2.4 2.9 0.5 85.6 173
Trench 115409 2.4 0.7 1.8 1.1 0.67 610
Trench 115410 3 2.4 3 0.6 0.264 0.5