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News Release - Wednesday, April 27, 2011
Mawson Registers Agreements for the Alto Quemado Gold-Copper
Project in Peru and Commences Drill Permitting
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Mawson Resources Limited ("Mawson") (TSX:MAW) (Frankfurt:MRY)
(OTCPINK:MWSNF).  Mr Michael Hudson, President & CEO, announces the
Company has renegotiated terms of the underlying agreement with Alto
Quemado Mining Company SAC ("AQMC"), the vendor of the Alto Quemado
gold-copper project in the mineral-rich Southern Peru Mineral Belt.
The new agreements have been registered against the exploration claims
by the Peruvian authorities.

As previously announced by Mawson on 9 September 2010, the Company
secured the right to acquire 100% of the stock of the optionor, Altynor
Peru SAC ("Altynor") from arm's length third parties.  Altynor holds an
option to purchase 100% of the Alto Quemado gold-copper project from
Alto Quemado Mining Company SAC ("AQMC").   The 100% acquisition terms
are based on making staged payments of US$50,000 on signing, US$550,000
on receipt of permits to drill and US$900,000 should the option with
AQMC be triggered.

The renegotiated terms state that Altynor must make a payment of ?5.12M
in 48 months to acquire 100% of the mining rights from AQMC.  AQMC
retain a net smelter return payable at a rate between 1 to 3%,
dependent on the price of gold.  Altynor holds the first right of
refusal to purchase the NSR from AQMC.

"The new terms of the agreement provide 4 years before significant
option payment fall due, and are better aligned with the timeframe
required to make a significant discovery.  Now we have finalized our
agreements with AQMC, we look forward to advancing permitting to enable
the project to be drill tested late in 2011.   We have completed
extensive field work at Alto Quemado which has significantly increased
our understanding of the property.  Results from this work program will
be released shortly." said Mr Hudson.

About Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Ltd is a resource acquisition and development company
with METAL and ENERGY interests. 
Mawson has distinguished itself as the leading Scandinavian uranium
exploration company, with advanced projects in Sweden and Finland.  As
the European Union moves to reduce its reliance on carbon-based energy
sources and continues to debate energy security, Mawson is well
positioned to provide Europe with the option to fuel its future.

In addition, the Company is exploring for gold and copper in the highly
prospective Cordillera of Peru, with a focus on a new high grade gold
discovery at Alto Quemado.

With a strong cash position and a multi-jurisdiction European and South
American portfolio, Mawson is ideally positioned to enhance its status
as a leader in the uranium and gold industries.

Shares Outstanding: 50,845,753. Cash: approximately C$13 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. The
TSX Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.

The qualified person for the Alto Quemado project, Terry Lees, VP
President Exploration for Mawson, and a Fellow of the Australian
Institute of Geoscientists, has reviewed and verified the contents of
this release.

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Copyright (c) 2011 MAWSON RESOURCES LTD. (MAW)  All rights reserved.
For more information visit our website at
http://www.mawsonresources.com or send mailto:info@mawsonresources.com
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