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Mawson Delivers US$211 million NPV5 (post-tax) from Rajapalot PEA

Mawson Gold Ltd.

Figure 1: Rajapalot free cash flow (post-tax)

Figure 2: Rajapalot PEA annual gold production benchmarked to 2021 EU gold producers

Figure 3: Plan view of the Rajapalot deposits and site layout

Figure 4: Plan (left) and orthogonal (right) views of the Rajapalot stopes and mine development

Figure 5: ROM Schedule

Figure 6: Major process flow diagram

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