Mawson Announces Significant Planning and Regulatory Decisions for the Rajapalot Gold-Cobalt Project, Finland

VANCOUVER, BC / ACCESSWIRE / January 10, 2022 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(FSE:MXR)(OTC PINK:MWSNF) is pleased to announce important planning and regulatory decisions that relate to the development path of its 100%-owned Rajapalot gold-cobalt project in the Lapland region of Finland. Lapland is the largest and northernmost region of Finland, comprised of 21 municipalities collectively represented by the Regional Council of Lapland ("Lapin Liitto"). Lapin Liitto is the highest decision-making body in Lapland, responsible for the planning and development of the region.

Highlights:

• Development of mineral deposits in Natura 2000 areas voted 42-6 in favour by the Regional Council of Lapland ("Lapin Liitto").
• Regional level re-zoning process for Rajapalot initiated by the Lapin Liitto Board, who also approved the Participation and Evaluation Plan which sets out regional stakeholder engagement process, formalizing Mawson's Rajapalot gold-cobalt project status as a future mining project for Finland.
• Lapin Liitto is the highest decision-making body in Lapland, responsible for the planning and development of the region.

Mr. Fairhall, CEO, states, "This is a watershed moment in Rajapalot's journey from discovery to potential mine development. The overwhelming support for development of mineral deposits in Natura 2000, by the highest decision-making authority in Lapland, makes it crystal clear that Natura 2000 designation is not to be misconstrued as a constraint in the sustainable development of these strategically important assets. Equally, in initiating the regional land use planning process and approving our land use Participation and Evaluation Plan, the Lapin Liittto Board has acted consistently with their policy directive to recognize Rajapalot as a future mining project. On the ground Mawson continues the important project definition work to support this transparent process to rezone the project area for mining."

Lapin Liitto Natura Decision

On November 12, 2021 the Regional Council of Lapland ("Lapin Liitto") approved the Lapland Agreement, which sets out the regional development program for 2022-2025. A vote was taken on several points to clarify the Council's views on important clauses. One such clause (translated from Finnish) was: "In the coming decades, it is possible that significant ore deposits will be found in Natura 2000 sites or these sites need to be exploited for some other reasons. According to the agreement Natura 2000 areas can be utilized in the future through ecological compensation and offset measures". The Council voted overwhelmingly (42 For versus 6 Against) in favor of this statement (link).