Mawson Updates Permit Status at Rompas in Finland
VANCOUVER, Dec. 2, 2011 /CNW/ - Mawson Resources Limited ('Mawson') TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces that five appeals have been filed against the decision made by TUKES (the Finnish Safety and Chemical Agency) to grant 110 exploration claims that cover a surface area of 10,580 hectares at Mawson's Rompas gold project in northern Finland for a period of 3 years.
A standard review process under Finnish law is now underway to assess the validity of the appeals. The estimated time for this process is 2 to 3 months.
About Mawson Resources Limited
Mawson Resources Limited is a resource acquisition and development company. The Company has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.
Shares Outstanding: 51,645,753. Cash: approximately C$11.0 million
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.
The qualified person for Mawson's Finnish projects, Mr Terry Lees, VP Exploration for Mawson and Fellow of the Australian Institute of Geoscientists has reviewed and verified the contents of this release.
Mawson Resources Ltd.
CONTACT: Investor Information
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
Email: info@mawsonresources.com
