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Mawson’s Subsidiary SXG Reports Continued High Grade Zones to 840 meters at Sunday Creek, Victoria, Australia

Mawson Gold Ltd.

Figure 1: Sunday Creek mineralization is changing at depth, with thick quartz-carbonate veins up to 1 m wide with gold and arsenic, but no antimony mineralization.

Figure 2: Location of the Sunday Creek project, along with SXG’s other Victoria projects.

Figure 3: Sunday Creek plan view showing locations of drillholes for results reported in this announcement, pending holes, and select prior drill holes.

Figure 4: Sunday Creek east-west longitudinal section looking towards 000, along the trend of the dyke/structure showing individual shoots defined to date. Also, prior reported drillholes shown

Photo 1: SDDSC050 713.9 m showing visible gold within quartz, carbonate and stibnite vein hosted in an altered metasediment. Field of view 7 mm.

Photo 2: SDDSC050 713.9 m showing visible gold associated with and adjacent to pyrite veinlets within quartz carbonate vein. Field of view 7 mm.

Photo 3: SDDSC050 713.9 m showing visible gold along pyrite and arsenopyrite veinlets within quartz carbonate vein. Field of view 7 mm.

Photo 4: SDDSC050 713.9 m showing fine visible gold associated with arsenopyrite within quartz carbonate vein. Field of view 7 mm.

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