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May 31, 2007
MAWSON
RESOURCES LTD.
TSXv - MAW; Frankfurt - MRY (WKN# A0B 8YJ); Pinksheets - MWSNF
MAWSON STAKES
2.9 MILLION POUND HISTORIC URANIUM RESOURCE IN FINLAND
�
Nuottij�rvi
Uranium Project in Central Finland is One of that Nation�s Largest Known Uranium
Deposits
� In 1969, Outokumpu Oy
Reported a Historical Resource at Nuottij�rvi of 2.9 Million Tonnes at 0.044%
U3o8 (2.9 Million Pounds of U3o8)
Based on 43 Diamond Drill Holes. It Remains Open Along Strike and at Depth.
� Nuottij�rvi Was Identified in
1959 With Drill Testing by Outokumpu Oy between 1965 and 1969. Mawson Has
Access to All Previous Exploration Data and Drill Core. Better Drill
Intersections Included:
PLT-NU-017: 40.7m for 0.08%
U3O8 from 59.9m;
PLT-NU-011: 33..4m for
0.06% U3O8 from 17.8m, including 3.8m @ 0.13% U3O8;
PLT-NJ-033: 40..3m for
0.05% U3O8 from 23.0m;
PLT-NU-004: 179.8m for
0.04% U3O8 from 18.1m*
�
Mawson Resources
is a leading uranium explorer in Europe with more than 16 million pounds
of U3O8
in
CIM-compliant or historic resources in the nuclear energy reliant countries
of Spain, Sweden and Finland
Michael Hudson, President of Mawson
Resources: �Staking of the Nuottij�rvi historical resource represents a
further expansion of our uranium portfolio in Europe. The grade and
near-surface width of mineralization, together with the open-ended
mineralized body forms a significant exploration target. The Company will
compile the historic data and move rapidly towards a NI43-101 compliant
resource and in conjunction, will commence metallurgy test work.�
*The historical resource estimates quoted above are based
on a report titled �Paltamo Nuoti Resource Calculation� by Aarto Huhma in
1969 of Outokumpu Oy. The resource was calculated using a polygonal method
and is roughly analogous to CIM definitions �Indicated� and �Inferred�. Data
is historical in nature and was compiled prior to the implementation of NI
43-101 reporting standards. Mawson has not completed sufficient exploration
to verify the estimates. It is not treating them as National Instrument
defined resources or reserves verified by a Qualified Person, and the
historical estimate should not be relied upon. The Company does not have, and
is not aware of, any more recent resource estimates that conform to the
standards set out in National Instrument 43-101
(Click Here for Full Press Release)
Dear Friends:
Mawson has again scored a major coup with the
staking of Nuottij�rvi
and its 2.9 million pound historic uranium resource. Mawson now has over 16 million pounds of U3O8 in CIM-compliant or historic resources in
Finland, Spain and Sweden. It is significant to note in respect to this latest project that Finland is Currently Expanding
Its Nuclear Program by Building the World�s Largest Nuclear Power Centre, its
Fifth. At Present 26% of the Total Electricity Supply In Finland Comes From Nuclear Energy. Finland Imports All of its Uranium Required For its
Nuclear Reactors. There is no doubt that Mawson is now a major uranium player
in Europe. We are awaiting more drill results from Sweden, as well as further progress on the Company�s two projects in Spain � including a near
production scenario. The Nuottij�rvi project in nuclear friendly Finland stands as a major achievement as the market looks to advanced projects to supply
the worldwide renaissance in uranium mining and nuclear energy.
Regards,
Nick
Nicolaas
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