Mawson Resources Ltd.

Mawson Acquires New Uranium Projects in Salamanca, Spain

    Vancouver, Canada (ots/PRNewswire) - Mawson Resources Limited ("Mawson") (TSXv - MAW; Frankfurt - MRY).  Michael Hudson, President & CEO, announced today that the Company had  secured four uranium exploration claims totaling 11,400 hectares in the  Salamanca uranium mining district of Western Spain. The ground was awarded  to Mawson after a competitive public tender over areas previously held by  the Spanish Government under the uranium State Reserve "Ciudad Rodrigo, No. 322".

    The central exploration area, held as claims Salamanca 2 and Salamanca 3,  consists of 3,153 hectares immediately adjacent to the State Reserves that  cover Spain's largest historic uranium mines, including Mina Fé and Corta D.  Mina Fé consists of primary uranium deposits of pitchblende, uraninite and  coffinite and belongs to the fracture and breccia style of uranium  mineralization. It is the largest known deposit of its type in the world and  was the most significant uranium mine in Spain. Primary mineralization occurs  as a network of narrow veins that occupy fractures and cavities. Mina Fé was  mined by ENUSA (Empresa Nacional del Uranio, S.A.) from 1974 until 2000 and  produced an estimated 11 million pounds of U(3)O8. Further uranium historic  resources lie within the State Reserve that are yet to be exploited,  including Zona M of Mina Fé, the Sageras deposit and the Gallegos deposit.

    A second State Reserve, which abuts Mawson's new Salamanca 2 and Salamanca 3 claims, contains the Esperanza uranium deposit, an underground  mine that was operated in the late 1950s and early 1960s by JEN (Junta  Energía Nuclear). Historic resources at the Esperanza mine are 0.3 million  tonnes grading 0.055% U(3)O8 for 363,000 lbs.

    The other areas successfully obtained under the tender by Mawson include  Salamanca 1 (3,310 hectares) and Salamanca 4 (4,937 hectares). These areas  contain extensive and multiple uranium airborne radiometric anomalies and are  located 10 kilometres north and 20 kilometres south of Mina Fé, respectively.  More information regarding Mawson's Salamanca's district is available at sign)ProjectsSalamanca.

    Mr. Hudson stated: "Mawson now has a strong position within the two key  uranium centres in Spain. This new acquisition, adjacent to Spain's largest  uranium producing mines, together with the historic uranium mine under  application at Don Benito in Extremadura and our Swedish and Finnish  portfolio, helps to place the Company at the forefront of uranium exploration  in Europe."

    Sweden Drilling Update: In other news, the company reports that due to  the spring thaw, drilling at Tasjo and Klappibacken has ceased until summer  access can be established. At Tasjo, 53 holes for 2,398 metres were completed  whilst 2 holes for a total of 169 metres were completed at Klappibacken. Slow  progress was made at Klappibacken due to drill rig breakdowns. Results will  be released as they become available over the next four to six weeks. The company plans to recommence drilling at Klappibacken late in June, when  summer conditions provide suitable access. A ground EM survey is planned for  Tasjo over the next six weeks to accurately map the near surface uranium host  over a 20-kilometre strike length.

    The qualified person for the Salamanca project, Mark Saxon, Director and  Vice-President of Exploration for Mawson, and a member of the Australasian  Institute of Mining and Metallurgy, 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 Börse have  reviewed the information contained herein and, therefore, do not accept responsibility for the adequacy or accuracy of this news release.

ots Originaltext: Mawson Resources Ltd.
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