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Mawson’s Subsidiary SXG Acquires High-Grade Laura Drill Discovery at Redcastle and Further Freehold at Sunday Creek

Mawson Gold Ltd.

Photo 1: Quartz-Stibnite laminated shear vein with visible gold (not visible at scale of photo) and stibnite from 116.9 m in drillhole RDDH03. This sample assayed 0.1m @ 704 g/t Au & 24.7% Sb

Figure 1: Location of the Redcastle JV project that encompassed the Laura PL6415, along with SXG’s other Victoria projects.

Figure 2: Location of Laura PL6415 within SXG’s Redcastle JV tenement package with background geological map.

Figure 3: The Redcastle JV EL5546 showing 3D IP chargeability anomaly, anomalous rockchips and drill holes and the Laura PL6415 with LiDAR background.

Figure 4: Laura PL6415: View looking down interpreted mineralized shoot geometry. PL6415 extends over 310 m strike length by 160 m width and contains five quartz reefs with extensive historic workings at surface (as shown by LiDAR image), the principle being Laura.

Figure 5: Laura PL6415 Longitudinal Section showing continuity of gold-antimony within the plane of the Laura Shoot.

Figure 6: 3D Induced polarization chargeable anomaly that forms a large target at depth beneath Laura high-grade drilling and historic mines.

Figure 7: Location of SXG freehold land and exploration tenure at the Sunday Creek core drill area.

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