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Mawson’s Subsidiary SXG Reports 249.5 g/t Gold Over 0.3 Metres in 270 Metre Step Out at Sunday Creek, Victoria, Australia

Mawson Gold Ltd.

Photo 1: SDDSC061 at 691.2 m with multiple points of visible gold shown in the red circles. Yellow box shows the location of Photo 2. Scale in cm.

Photo 2: SDDSC061 at 691.2 m with a zoom in on Photo 1 showing the detail of multiple points of visible gold adjacent to arsenopyrite. Field of view 0.5cm.

Figure 1: Location of the Sunday Creek project, along with SXG’s other Victoria projects.

Figure 2: Sunday Creek plan view showing locations of drillholes for results reported in this announcement (grey boxes), pending holes, and select prior reported drill holes.

Figure 3: Sunday Creek east-west longitudinal section looking towards 000, along the trend of the dyke/structure, higher grade assays and selected mineralized veins sets. Also, prior select reported drillholes shown.

Figure 4: Sunday Creek cross section (50 m thickness) in plane of the Rising Sun Shoot looking towards 257 showing dyke breccia host and prior reported drillholes.

Figure 5: Sunday Creek regional plan view showing LiDAR, soil sampling, structural framework, regional historic epizonal gold mining areas and broad regional areas to be tested in a 2,500 m diamond drill program. The first drill area at Tonstal is located 7.5km along strike from the main drill area at Golden Dyke-Apollo.

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