Mawson Drills 16 Metres of 209 ppm U3O8 at Tasjo, Sweden

Vancouver, British Columbia (ots/PRNewswire) - Mawson
Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Michael
Hudson, President & CEO, announces the first results from the
Company's 40 hole, 1,724 metre winter diamond drill program at the
Tasjo uranium - rare earth element (REE) - phosphate project in
Sweden. Results are available for the first 8 holes (BODDD08001 to
BODDD08004, BODDD08007, BODDD08013 and ONBDD08001 to ONBDD08002).

Uranium mineralization was targeted from the surface to
approximately 40 metres vertical depth. The drill holes reported in
this release tested the Bodkullarna ("BOD") and Onbacken ("ON")
prospects which are separated by a strike length of 16 kilometres.
These areas are located approximately 8.5 kilometres and 7.5
kilometres to the south west and north east respectively of the
Kronotorpet project which was drill tested by the Company in mid
2007. Geophysical mapping has demonstrated that all three drilled
prospects lie upon a single strike continuous horizon that extends
between the prospects. Mineralization was drill tested at
Bodkullarna over a 1300 metre by 160 metre area, while at Onbacken
mineralization was drilled over an area of 400 metres by 160 metres.
A third area, Bodkullarna East, for which drill results are awaited,
was tested with 12 drill holes. Twenty-nine of the forty holes
drilled during the program intersected the uranium horizon. It is
interpreted that reported drill hole intercepts approximate the true
width of mineralization.

Better results from the initial 8 drill holes are included below with
a full list of results presented in the attached table 1.
HOLE_ID From To Width U3O8
(metres) (metres) (metres) (ppm)
ONBDD08002 19.8 35.8 16 209
ONBDD08001 19.9 25.5 5.6 247
BODDD08003 38.9 42.7 3.8 302
BODDD08007 43.2 45.2 2 363
BODDD08001 27.6 29.6 2 324

Tasjo is a sedimentary uranium deposit where uranium
mineralization is associated with concretions of
carbonate-fluorapatite, which constitute up to 20% of the rock. Mass
balance calculations indicate that the uranium grade of the apatite
is 0.16%.

Mawson controls a 40-km strike extent of the uranium-mineralized
unit in the Tasjo field. Based on 80 historic drill holes and the
report, "Geological Investigations in the Tasjo area in 1963 and
1964" (G. Armands, Swedish Atomic Energy Company) it is estimated
that 75 to 150 million tonnes exist at Tasjo, with a grade range of
0.03% to 0.07% uranium oxide (U3O8), 0.11% to 0.24% REE and 3.75% to
7.5% phosphate (P2O5). Total contained metal within the field is
estimated between 104 to 116 million pounds of U3O8, 165,000 to
180,000 tonnes of REE and 5.63 million tonnes of P2O5. This
exploration target estimate is based on the aforementioned report.
The potential quantity and grade is conceptual in nature, as there
has been insufficient exploration to define the target at this time
and it is uncertain that further exploration will result in the
definition of a resource. The magnitude of the exploration target
was confirmed in a recent independent NI43-101 technical report by
Andrew Browne of Geosynthesis Pty Ltd, after a review of Swedish
Geological Survey documentation, a field visit and check analysis of
core samples.

Further information regarding the Tasjo project and the current
drilling program may be found at

http://www.mawsonresources.com/index.php?page(equal
sign)ProjectsTasjo.

Mr. Hudson stated: "Mawson has now drill tested 3 mineralized
prospects over a strike length of 16 kilometres at Tasjo and these
drill results continue to show multiple near-surface uranium horizons
with accessory rare earth and phosphate. The consistency of grade,
the strike extent (which is well defined by geophysics) and the
shallow depth of uranium mineralization are encouraging as are the
thicker zones up to 16 metres which had not previously been
discovered at the project. Drill results from additional holes will
soon be available."

The qualified person for the Tasjo project, Mark Saxon, Director
and Vice-President of Exploration for Mawson, and a member of the
Australasian Institute of Mining and Metallurgy, has reviewed and
verified the contents of this release. Uranium was analyzed by the
ME-MS81 technique by ALS Chemex Ltd's laboratories in Pitea, Sweden
and Vancouver, Canada, where duplicates, repeats, blanks and known
standards were inserted according to standard industry practice.

About the Company: Mawson Resources holds significant uranium
resources in the nuclear energy reliant countries of Spain, Sweden
and Finland. As the European Union reduces its reliance on
carbon-based energy sources, Mawson is well placed as the Company
develops its exploration portfolio towards the sustainable production
of uranium in the shortest possible time frame.

On behalf of the Board,
"Michael Hudson"
-------------------------------
Michael Hudson, President & CEO

Forward Looking Statement. The statements herein that are not
historical facts are forward-looking statements. These statements
address future events and conditions and so involve inherent risks
and uncertainties, as disclosed under the heading "Risk Factors" in
the company's periodic filings with Canadian securities regulators.
Actual results could differ from those currently projected. The
Company does not assume the obligation to update any forward-looking
statement. The TSX Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

Table 1: Drill hole results from the Tasjo project using a lower cut-off
of 0.01% uranium.
HOLE_ID From To Width U3O8
(metres) (metres) (metres) (ppm)
BODDD08001 27.6 29.6 2 324
BODDD08001 32 38 6 132
BODDD08002 15.8 18 2.2 137
BODDD08003 38.9 42.7 3.8 302
BODDD08003 47.25 49.25 2 132
BODDD08003 58.25 61.25 3 136
BODDD08004 19.2 22.1 2.9 139
BODDD08005 Drill Hole Abandoned
BODDD08007 27.9 28.9 1 421
BODDD08007 43.2 45.2 2 363
BODDD080010 No Significant Results
BODDD080013 11.9 16.6 4.7 136
BODDD080013 21.9 22.9 1 232
BODDD080013 26.2 32.2 6 118
ONBDD08001 19.9 25.5 5.6 247
ONBDD08002 19.8 35.8 16 209
Results are awaited for drill holes BODDD08006/8/9/11/12

For further information:
Investor Information:
http://www.mawsonresources.com;
1305 - 1090 West Georgia St.
Vancouver, BC,
V6E 3V7;
Company Contact:
Mariana Bermudez,
+1-604-685-9316;
Investor Relation Consultants - Mining Interactive:
Nick Nicolaas,
+1-604-657-4058,
Wayne Melvin,
+1-604-619-6327;
Email: info@mawsonresources.com

ots Originaltext: Mawson Resources Ltd.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Investor Information:
http://www.mawsonresources.com; 1305 - 1090 West Georgia St.
Vancouver, BC, V6E 3V7; Company Contact: Mariana Bermudez,
+1-604-685-9316; Investor Relation Consultants - Mining Interactive:
Nick Nicolaas, +1-604-657-4058, Wayne Melvin, +1-604-619-6327;
Email: info@mawsonresources.com