17.11.2005 – 09:05

Mawson Resources Limited

Mawson Drilling Triples Gold Mineralized Area and Discovers Bonanza-Grade Gold Boulders at Middagsberget, Sweden

Vancouver, Canada, November 17 (ots/PRNewswire)

Mawson Resources
Limited ("Mawson") TSXv - MAW; Frankfurt - MRY. Mr Michael Hudson,
President & CEO is pleased to announce results from the Phase 2
drilling program and surface sampling from the Middagsberget gold
project in Northern Sweden. Middagsberget lies within a 13 kilometre
mineralized trend, which includes the Company's Fabodliden and
Vargbacken gold projects. Mineralization at Vargbacken, where the
Company is currently drilling, lies 4 kilometres north-east from
Middagsberget.

Sixteen RC drill holes for a total of 1171 metres were completed
in the Middagsberget area. Results are available for nine of these
holes that tested the immediate strike extensions of the
Middagsberget prospect. Seven additional drill holes for 405 metres
tested semi-regional surface geochemical anomalies within 1.2 km of
the Middagsberget prospect.

    By applying a 0.5 g/t gold lower cut-off grade best results include:
    - RC09: 5m at 3.5 g/t gold from 20m, including 1m at 12.0 g/t gold;
    - RC12: 1m at 12.9 g/t gold from 57m
    - RC13: 2m at 4.1 g/t gold from 34m
    - RC14: 4m at 1.5 g/t gold from 63m
    - RC15: 2m at 3.0 g/t gold from 42m
    - RC20: 6m at 1.1 g/t gold from 25m

Gold mineralization has now been drill delineated over an area of
300 metres by 100 metres. Mineralization remains open at depth and to
the northwest and southeast along the interpreted trend of the
system. Mineralization begins at 15m depth, immediately below the
soil cover and extends to the limit of RC drilling at 80m depth.

At Middagsberget North, 550m north-west along strike from
Middagsberget, surface sampling has discovered a 250m long
bonanza-grade gold mineralized boulder train. Individual grab samples
from five large and angular boulders up 1m3 averaged 19.7 g/t gold
with values ranging from 0.01 g/t gold to 60.8 g/t gold. Other
significant results included 34.0 g/t gold and 13.9 g/t gold from
separate boulders. These results are located 250m to the south-west
and down-ice direction from previously announced boulder sampling
which included 4m (at) 19.1 g/t gold (Mawson News Release 6 Sept
2005).

Mr Hudson comments, "We are encouraged that the current drill
program has tripled the gold mineralized area at Middagsberget. The
prospect remains open both along strike and at depth. The numerous
locally sourced high grade gold boulders located 550 metres
north-west along the same mineralized trend demonstrate the scale of
the system. Their presence suggests that higher grades remain to be
discovered within this expanding gold system. Our next drill program
at Middagsberget will target the source of these boulders."

Gold at Middagsberget is disseminated and quartz vein-hosted and
is present as both coarse grained visible gold or associated with
fine grained sulphides. Mineralization is hosted within a
silica-chlorite-albite-carbonate altered diorite and is typical of
the greenstone-hosted style of the Skellefte Mining District. Drill
hole and surface sampling plans can be found at
http://www.mawsonresources.com/index.php?page(equal sign)ProjectsMID.

It is not yet possible to make a conclusive statement defining
true widths in the reported down-hole intercepts. The qualified
person for the Middagsberget project is Mark Saxon, a Director and
VP-Exploration for Mawson, and a member of the Australasian Institute
of Mining and Metallurgy. Mr. Saxon has reviewed and verified the
contents of this release.

On behalf of the Board,

"Michael Hudson"
    Michael Hudson, President & CEO

Forward Looking Statement. This news release 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. Neither the TSX Venture
Exchange nor the Frankfurt Deutsche Borse have reviewed the
information contained herein and, therefore, do not accept
responsibility for the adequacy or accuracy of this news release.

Contact:

For further information: www.mawsonresources.com, 1305 - 1090 West
Georgia St., Vancouver, BC, V6E 3V7, Company Contact: Mariana
Bermudez, +1-(604)-685-9316, Email: info@mawsonresources.com