VANCOUVER, Oct. 23, 2017 /PRNewswire/ - Mawson Resources Limited ("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces further high-grade gold results from outcrop and mini-drill sampling at the Company's new East Rompas discovery. The recently discovered East Rompas prospect lies within Mawson's 100% owned Rompas-Rajapalot project in Northern Finland, 500 metres east of the 6 kilometre long Rompas high-grade gold vein system.

Initial discovery results from East Rompas were published October 11, 2017. Geological mapping, sampling, geophysics and drill planning is now being accelerated in response to the very positive results returned to date.

Key Points:




    --  Exceptional new high-grade results from outcrop and mini-drill sampling
        include 2,375 g/t gold; 1,284 g/t gold; 642 g/t gold and 216 g/t gold
        (Table 1, Figures 1 and 2). Many of these samples contain abundant
        coarse visible gold;


    --  Sixty samples are reported here, taken from surface outcrops and
        boulders at East Rompas along a 750 metre trend. A total of 21 outcrop
        samples assayed greater than 0.1 g/t gold;


    --  In combination with samples reported on October 11, 2017, 30 grab
        samples range from 0.1 g/t gold to 2,375 g/t gold, with an average grade
        of 201.1 g/t gold and a median of 0.82 g/t gold (Table 1). All samples
        reported are grab samples, which are selective by nature and unlikely to
        represent average grades on the property;
    --  VLF-R and ground magnetic geophysical surveys will be completed this
        week. Diamond drilling is planned for December 2017;

Mr Hudson, Chairman & CEO states, "East Rompas is an exciting new discovery by the Mawson team, with the mineralized footprint now expanded to two semi-parallel zones over 750 metres of strike. Finding visible, high-grade gold at surface, in outcrop is rare, and the significance of discovering multiple outcrops with grades up to 2,375 g/t gold cannot be under-estimated. We are highly encouraged by the presence of gold in structural fabrics and the association with silicate and sulphidic alteration, that may indicate potential for disseminated gold mineralization. Geophysical crews are working at site and with the area fully permitted we plan to be drilling in early December."

East Rompas is located approximately 500 metres east of the 6 kilometre long Rompas high-grade vein system where drill results include 6 metres @ 617 g/t in drill hole ROM0011 (Figure 1). Gold mineralization discovered in outcrop is fracture controlled and associated with strongly biotite-altered mafic rocks, believed hydrothermal in origin, and similar to the undrilled Joki discovery at Rajapalot. Gold mineralization has been discovered sporadically in two semi-parallel trends within a 750 metre long NNW-SSE oriented zone, where the width of the individual occurrences are at least 20 metres (Figure 2). Outcrop is poor and forms less than 5% of the area. The northern mineralized zone is better exposed than the southern zone.

Gold mineralization is hosted by mafic volcanics with variable biotite, chlorite, carbonate, and albite enrichment. Gold is associated with biotite-rich lenses, sub-vertical veins and fractures and zones with elevated radioactivity. The biotite-rich alteration of the mafic host rocks appears as foliation-parallel shear zones and lenses and in cross-cutting veins or fractures. Importantly, in sample 243174 (642 g/t gold), visible gold is found as disseminated grains in biotite-quartz granofels (Photo 1). Mafic volcanics are tightly folded with included folded carbonate-amphibole veins.

The area is fully permitted for diamond drilling and is located outside Natura 2000 areas, within the recently permitted Männistö exploration permit. Geological mapping of the East Rompas prospect continues, accompanied by additional ground magnetics at 25 metre spacing and VLF-R at 50 metre spacing. Diamond drilling is planned during December 2017.

Technical Background

The qualified person for Mawson's Finnish projects, Dr. Nick Cook, President for Mawson and Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.

A hand-held minidrill was used to sample outcrops where sampling with a geological hammer was not possible. Single drill samples and foliation-parallel composite samples were obtained using the minidrill which was drilled up to 20cm into outcrop areas. Analytical samples were transported by Mawson personnel or commercial transport from site to the CRS Minlab Oy facility in Kempele, Finland. Samples were prepared at Kempele and analyzed for gold at Raahe using the PAL1000 technique which involves grinding the sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, and blanks the within interpreted mineralized rock. In addition, CRS inserts blanks and standards into the analytical process.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.



                Table 1: Grab sample assay results for all samples >0.1 g/t gold from the East Rompas mineralization trend


        Easting     Northing                    Sample                  Gold                          Sample Type            Date
                                                Number                   g/t                                               Reported
    ---                                         ------                   ---                                               --------

        3400890              7376648                     243161                2375.0               Bedrock (mini drill)        Here
        -------              -------                     ------                ------                -------------------        ----

        3400893              7376221                     243176                1284.0                      Bedrock              Here
        -------              -------                     ------                ------                      -------              ----

        3400889              7376650                     269621                 850.6                      Bedrock           11-Oct-17
        -------              -------                     ------                 -----                      -------           ---------

        3400893              7376221                     243174                 642.0                      Bedrock              Here
        -------              -------                     ------                 -----                      -------              ----

        3400920              7376528                     243136                 216.0                      Bedrock              Here
        -------              -------                     ------                 -----                      -------              ----

        3400894              7376220                     243172                 208.0                      Bedrock              Here
        -------              -------                     ------                 -----                      -------              ----

        3400914              7376534                     243152                 148.0               Bedrock (mini drill)        Here
        -------              -------                     ------                 -----                -------------------        ----

        3400915              7376539                     269618                 134.1                      Bedrock           11-Oct-17
        -------              -------                     ------                 -----                      -------           ---------

        3400915              7376539                     269617                  73.0                      Bedrock           11-Oct-17
        -------              -------                     ------                  ----                      -------           ---------

        3400920              7376528                     243135                  61.7                      Bedrock              Here
        -------              -------                     ------                  ----                      -------              ----

        3400913              7376532                     269619                  14.9                      Bedrock           11-Oct-17
        -------              -------                     ------                  ----                      -------           ---------

        3400890              7376648                     243163                  10.4               Bedrock (mini drill)        Here
        -------              -------                     ------                  ----                -------------------        ----

        3400894              7376220                     243173                  10.1                      Bedrock              Here
        -------              -------                     ------                  ----                      -------              ----

        3400907              7376545                     269620                   1.8                      Bedrock           11-Oct-17
        -------              -------                     ------                   ---                      -------           ---------

        3409445              7374196                     269609                   1.4                       Float            11-Oct-17
        -------              -------                     ------                   ---                       -----            ---------

        3400873              7376788                     203102                   0.2                      Bedrock           11-Oct-17
        -------              -------                     ------                   ---                      -------           ---------

        3409473              7374243                     203188                   0.2                       Float            11-Oct-17
        -------              -------                     ------                   ---                       -----            ---------

        3400809              7376492                     269635                   0.2                      Bedrock              Here
        -------              -------                     ------                   ---                      -------              ----

        3400964              7376458                     243147                   0.2               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400891              7376220                     243177                   0.2                      Bedrock              Here
        -------              -------                     ------                   ---                      -------              ----

        3400890              7376648                     243166                   0.2               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400949              7376469                     243143                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400919              7376521                     243154                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400949              7376469                     243144                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400890              7376648                     243165                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400914              7376534                     243153                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400890              7376648                     243164                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400949              7376469                     243145                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3400949              7376469                     243146                   0.1               Bedrock (mini drill)        Here
        -------              -------                     ------                   ---                -------------------        ----

        3409281              7374331                     269605                   0.1                       Float            10-Oct-17
        -------              -------                     ------                   ---                       -----            ---------

SOURCE Mawson Resources Ltd.