=======================================================================
Mawson Strengthens Technical Team and Comments
on Cameco's Entry
into Finland
=======================================================================
Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSX -- MAW;
Frankfurt -- MRY. Mr Michael Hudson, President & CEO, announces
changes to senior technical positions within the Company and comments
on the recent entry of Cameco Corporation, one of the world's largest
uranium producers, into Finland.
Mr Terry Lees has accepted the role of Vice President of Exploration.
Mr Lees obtained his Bachelor of Applied Science (Geology) from RMIT in
1978, then a Master of Science (Geology) from the University of
Tasmania in 1987, and a Master of Environment from Melbourne University
in 2004. He has over 30 years of global experience in the mining and
exploration industry. Recently he was Exploration Manager with Copper
Strike Ltd, while previously he concentrated on grassroots exploration
through to feasibility studies for gold and base metal properties.
Dr Erkki Vanhanen, who came to Mawson via Areva NC in 2010, has added
Sweden to his Nordic responsibilities and assumes the Role of
Exploration Manager Scandinavia. Dr Vanhanen graduated from a Master
of Science in Geology and Mineralogy in 1981 and completed his PhD in
Geology and Mineralogy in 2001. Both degrees were completed at the
University of Oulu. Dr Vanhanen's professional experience has
primarily been in gold and uranium exploration for 25 years including
15 years generating, implementing and managing exploration projects in
the field. He spent 3 years with Areva Resources Finland OY as
Technical Director and 23 years with the Geological Survey as Finland,
with a final role as Division Manager, Bedrock and Raw Materials.
Mr Rolando Ligarda continues in his role as Exploration Manager of
South America. Mr Ligarda is a geologist with 24 years experience in
exploration for mineral deposits in Peru, Chile and Argentina, with a
strong record of discovery. He has past experience with SIMSA, Rio
Tinto, Pasminco, Buenaventura, Meridian/Yamana and Hochschild, with
extensive experience developing and organizing programs for the
exploration, development and the evaluation of mineral projects. He
was part of the teams involved in the discovery of the Yanque,
Pukaqaqa, Marcapunta and Millo projects.
Mr Mark Saxon, a co-founder of Mawson, resigns from his role as VP
Exploration due to his increased responsibilities as President and CEO
of Tasman Metals Ltd, but remains a Director of the Company.
"We are fortunate to have technical leaders of the caliber of Messer's
Lees, Vanhanen and Ligarda leading Mawson's energy and metal
exploration efforts in Scandinavia and Peru. This team will ensure
Mawson continues to explore and discover while maintaining its high
technical standards. In addition, we thank Mr Saxon for his dedicated
efforts and solid technical leadership over many years. We look
forward to his continued guidance at Board level," said Mr Hudson.
Mawson also announces that Mr. Lees has been granted stock options to
purchase up to 150,000 common shares of Mawson at $2.35 per share for a
period of three years.
In other news, the Company welcomes the entry of Cameco Corporation,
one of the world's largest uranium producers into Finland via a uranium
off take agreement with Talvivaara Mining Company Plc and upfront
investment of up to US$60M to cover the construction costs of a uranium
extraction circuit investment.
"This is a generational decision in terms of uranium production for
Scandinavia" commented Mr Hudson. "Once permitted and
constructed,
Talvivaara's and Cameco's uranium production will be the first in
Finland for more than 50 years. This news strongly validates
Mawson's
focus as the leading uranium explorer in the region."
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. Areva
NC holds 9.5% of the Company and provides Mawson with a solid technical
shareholder.
In addition, the Company is exploring for gold and copper in the highly
prospective Cordillera of Peru, with a focus on a new gold-copper
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: 50,555,753. 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.
=======================================================================
.