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Mawson’s Subsidiary SXG Drilling Shows Apollo Deep Increasing Grade at Depth

Mawson Gold Ltd.

Includes 34.9 m @ 6.1 g/t AuEq Traversing 6 High-Grade Vein Sets

Figure 1: Sunday Creek plan view showing SDDSC105, 106 and 109 reported here (grey box, blue highlight), selected prior reported drill holes and pending holes. For location see Figure 4.

Figure 2: Sunday Creek longitudinal section across A-B in the plane of the dyke breccia/altered sediment host (see Figure 1) looking towards the north (striking 236 degrees) showing mineralized veins sets. Showing SDDSC105, 106 and 109 reported here and prior reported drill holes. Location of Figure 3 (section C-D marked with red arrows).

Figure 3: Sunday Creek longitudinal section of the modelled vein set A70 across C-D, looking towards the west-south-west (striking 340 degrees). Showing SDDSC106 and SDDSC109 (light blue trace, orange text) reported here and prior reported drill holes. Raster coloring of wireframe shows grade x true thickness increasing at depth.

Figure 4: Sunday Creek regional plan view showing LiDAR, soil sampling, structural framework, regional historic epizonal gold mining areas and broad regional areas (Tonstal, Consols and Leviathan) tested by 12 holes for 2,383 m drill program. The regional drill areas are at Tonstal, Consols and Leviathan located 4,000-7,500 m along strike from the main drill area at Golden Dyke- Apollo.

Figure 5: Location of the Sunday Creek project, along with SXG’s other Victoria projects and simplified geology.

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