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SXG Confirms New 135-Metre-Wide Gold-Antimony Discovery Below the Golden Dyke Historic Mine

Mawson Gold Ltd.

Includes 11.9 m @ 5.3 g/t AuEq, 12.6 m @ 8.0 g/t AuEq and 8.7 m @ 4.6 g/t AuEq

Figure 1: Sunday Creek plan view showing selected results from hole SDDSC130 reported here (blue highlighted box, black trace), with selected prior reported drill holes and pending holes.

Figure 2: Sunday Creek longitudinal section across A-B in the plane of the dyke breccia/altered sediment host looking towards the north (striking 236 degrees) showing mineralized veins sets. Showing hole SDDSC130 reported here (blue highlighted box, black trace), with selected intersections and prior reported drill holes. The vertical extents of the vein sets are limited by proximity to drill hole pierce points. For location refer to Figure 1 and zoom of section C-D shown in Figure 3.

Figure 3: Sunday Creek cropped longitudinal section across C-D in the plane of the dyke breccia/altered sediment host looking towards the north (striking 236 degrees) showing mineralized veins sets. Showing hole SDDSC130 reported here (blue highlighted box, black trace), with selected intersections and prior reported drill holes. For location refer to Figure 2.

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 the Redcastle JV and simplified geology.

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