Mawson Strengthens Finnish Team

VANCOUVER, September 8, 2020 - Mawson Gold Ltd. ("Mawson" or "the Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces changes to its management structure and the addition of a mining engineer to its Finnish team.

Key Points

• Mawson strengthens its 100%-owned Finnish subsidiary, Mawson Oy, as it moves towards updating the Rajapalot resource estimate during September and studying future alternatives for the project:
  • Appointment of Mawson's Environmental Director Noora Ahola as Managing Director of Mawson Oy;
  • Appointment of experienced mining engineer, Bouke van 't Riet, as Non-Executive Technical Director of Mawson Oy. Bouke has most recently been responsible for the technical management of Anglo American's Sakatti project in Finland;
  • Tapani Hyysalo is appointed as Chief Operating Officer and continues as a Board member of Mawson Oy while Michael Hudson also continues as Board member and Chairman of Mawson Oy;
• Dr. Nick Cook has been appointed Chief Geologist for Mawson global gold project portfolio;
• In Finland during September, Mawson plans to release a resource upgrade, along with one rig to be mobilized to drill targets immediately along strike from resource areas. Geophysical surveys remain ongoing and 5 drill rigs are planned to commence a resource expansion program from December 2020.

Michael Hudson, Chairman and CEO of Mawson Gold states, "Providing further Finnish leadership, as well as adding mining skills and experience to the team reflects the advancement of our Finnish gold-cobalt project. It is also a reflection of the current global situation where locally-based specialist teams become even more important for project development and governance, to minimize COVID-19 related risks and complications.

Noora, with her long term environmental and permitting leadership for Mawson, is the natural choice to assume local responsibility for our Finnish operations. Bouke, with his in-depth global and Finnish-specific mining experience brings another level of overview, as our project develops from exploration/resource expansion to permitting and potential development. Tapani will continue to keep all our non-technical operations running smoothly.

Nick, who has been fundamental in moving the Finnish project through its exploration phase as President of the Company over the last 8 years, will now assume a more global role and move to Chief Geologist for Mawson. He will continue his overview of the Finnish geological team and provide leadership and training of the exploration teams working on Mawson's Australian assets.

Both Nick and I look forward to working with the new leadership team, as the Finnish gold-cobalt project continues to advance positively."

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Gold Ltd. is a gold exploration and development company and has distinguished itself as a leading exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland and its Victorian gold properties in Australia.

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, timing of the updated resource on the Company's Finnish projects, the Company's expectations and timing of the resource expansion and definition program at Rajapalot, Finland, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus known as COVID-19 on the Company's business, planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE: Mawson Gold Ltd.