TSX : MAW a focus on the district-scale and high grade Rajapalot - PowerPoint PPT Presentation

TSX : MAW …a focus on the district-scale and high grade Rajapalot and Rompas gold projects in Finland…. www.mawsonresources.com @mawsonresource

Disclaimer Accuracy of Information : Readers are directed to the public disclosure of Mawson Resources Limited (“Mawson”) available under Mawson’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com. Information contained in this presentation was believed to be accurate at the time it was posted, but may be superseded by more recent public disclosure of Mawson. Mawson makes no representations or warranties as to the accuracy, reliability, completeness or timeliness of the information in this presentation. Forward-Looking Information : Some of the statements contained in this presentation may be 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, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, 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 does not assume the obligation to revise or update forward-looking statements or information that may be contained in this presentation or to revise them to reflect the occurrence of future unanticipated events. Qualified Person : The qualified person for Mawson’s projects, Michael Hudson, President & CEO for Mawson, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this presentation. February 25, 2017 2

Take Home Points  New 100% owned, high-grade gold, district-scale discovery in Finland, +65 km target sequence, 99% cover;  19.5 m @ 7.4 g/t Au from surface – disseminated  6.0 m @ 617 g/t Au from 7 m – vein  Discovered at end of last cycle - permitting and early stage exploration completed during downturn  Poised for success - 4 drill rigs turning 24/7  Big system, upside evident 3

Take Home Points  Institutional shareholder base, cash: C$7.5M  2017 winter program exceeding aims:  Palokas: 10.0m @ 11.6 g/t gold from 110.2m  Base of Till Drilling: 1st systematic test, gold anomalism over 3 x 4km  South Rajapalot: new discovery of extensive area of gold-bearing potassic-iron-sulphide alteration 4

Gold Fever Gold 5

Corporate Metrics Capitalization Summary Major Shareholder Summary Common Share Price (03 MAR 2017) C$0.415 Shares (M) % The Sentient Group 37.8 35.9 Basic Common Shares Outstanding 105.3M AREVA 4.7 4.5 Fully Diluted 125.7M Other Institutions 17.7 21.0 Basic Market Capitalization C$36.2M TOTAL 55.7 61.9 Cash (est. 03 MAR 2017)) C$7.2M Insiders 5.6 5.3 TOTAL ENTERPRISE VALUE C$41.5M  Management & Board aligned with investors Share Price Performance – 1 Year Warrants and Options Exchanges: TSX : MAW; Pinksheets : MWSNF; Frankfurt : MXR 6

Finland  Safe  Cheap Grid Power  Water  Roads  Skilled Workforce  Airport  No FIFO  Huge benefits for developers Source: http://www.fraserinstitute.org/sites/default/files/survey-of-mining-companies-2015.pdf, http://ec.europa.eu/eurostat/statistics- 7 explained/index.php/Energy_price_statistics

Successful Discovery is About Leadership Management Michael Hudson Chairman & CEO, Director, 26 yrs Geology, Capital Markets Dr Nick Cook President, Directors 21 yrs Geology Nick DeMare Accountant Noora Ahola Environmental Director David Henstridge Geologist 12 yrs Finnish Env. Administration Colin Maclean Geologist/Finance (Sentient) Georgina Carnegie Senior Adviser Noora Ahola Environmental World bank, OECD Mark Saxon Geologist Dr Erkki Vanhanen Chief Geologist 35 yrs Geology Tapani Hyysalo Manager Operations Finland 8

Mission Critical: Social License  Effective stakeholder engagement is mission critical – now a core competency  Safety is a license to operate issue – no excuses for not getting this right 9

A Mining Country C  New discovery end of last cycle  Drilling results - Rajapalot: - RAJAPALOT  5.4m @ 37.6 g/t Au from 2.5m  8.3m @ 6.0 g/t Au from 2.0m  9.0m @ 11.2 g/t Au from 0m  19.3m @ 7.4 g/t Au from 1.3m  Multiple mineralization events, big system, upside evident.  2017 winter program exceeding aims 10

Big New Gold Camp 10 km x 10 km 10 km Au+W Till Rajapalot - Targets North Rompas - VEIN Disseminated 0.4m @ 395 g/t Au 5.4m @ 37.6 g/t Au 8.3m @ 6.0 g/t Au 9.0m @ 11.2 g/t Au Central Rompas - VEIN 19.3m @ 7.4 g/t Au Trench 19.6m @ 7.5 g/t Au 0.5m @ 269 g/t Au South Rompas - VEIN 6m @ 617 g/t Au Mawson Claim Area 16,162 Ha (100% owned) Drilling Granted Claims now 2,658 Ha Rockchips > 0.5 Natura 2000 g/t Au 2,899 Ha (18% Claims) 11

South Rajapalot: New Discovery Winter Palokas Program 5.4m @ 37.6 g/t Au from 2.5m 8.3m @ 6.0 g/t Au from 2.0m Delivering 9.0m @ 11.2 g/t Au from 0m 19.3m @ 7.4 g/t Au from 1.3m 19.6m @ 7.5 g/t Au from 18.1m 1.6-1.8 km 19.0m @ 5.3 g/t Au from 38.7m south of Palokas Extensive area of potassic- iron-sulphide alteration Includes PAL0033 2.2m @ 7.7 g/t gold from 152.5m South Rajapalot 2.2m @ 7.7 g/t Au from 152.5m 4.0m @ 3.7 g/t Au from 57.0m Extensive area of potassic-iron- sulphide alteration 12

Base of Till: Scale and systematic context Palokas 5.4m @ 37.6 g/t Au from 2.5m 8.3m @ 6.0 g/t Au from 2.0m 9.0m @ 11.2 g/t Au from 0m 19.3m @ 7.4 g/t Au from 1.3m 19.6m @ 7.5 g/t Au from 18.1m 19.0m @ 5.3 g/t Au from 38.7m Average 275 g/t Au 10 boulder and grab samples >0.1 g/t (range 0.52 - 858 g/t Au) Average 5.8 g/t Au 8 boulders >0.1 g/t Au (range 0.14 - 21.3 g/t Au) Average 15.3 g/t Au Average 780 g/t Au 15 boulder and grab samples (8 boulder and grab samples >0.1 g/t >0.1 g/t Au Au (range 0.18 - 221 g/t Au ) range 0.14 – 2,196 g/t Au) Average 4.2 g/t Au 6 grab samples >0.1 g/t Au (range 0.1 - 22.7 g/t Au) PRAJ007 6 4m @ 3.3 g/t Au Average 1.5 g/t Au 18 boulder samples >0.1 g/t Au (range 0.1 - 14.35 g/t Au) PRAJ008 2.2m @ 2.5 g/t Au Average 23.6 g/t Au 23 boulder samples >0 .1 g/t Au (range 0.1-236 g/t Au) Average 149 g/t Au 68 boulder samples >0.1 g/t Au (range 0.11 – 3,870 g/t Au) Average 11.3 g/t Au South Rajapalot 5 boulder samples >0.1 g/t Au 2.2m @ 7.7 g/t Au from 152.5m (range 0.72 - 43.1 g/t Au) 4.0m @ 3.7 g/t Au from 57.0m Outside Natura 2000 13

Palokas Longitudinal Section 5.4m @ 37.6 g/t Au from 2.5m 19.5m @ 7.4 g/t Au from 1.3m 3.0m @ 5.1 g/t Au from 8.7m 19.6m @ 7.5 g/t Au from 18.1m PAL0027 6.8m @ 14.7 g/t gold from 34.41m OPEN 100m 19.0m @ 5.3 g/t Au from 38.7m PAL0030 10.0m @ 11.6 g/t gold from 110.2m 8.4m @ 4.2 g/t Au from 206.2m 2.9m @ 5.9 g/t Au from 176.7m 1.0m @ 17.0 g/t Au from 172m 200m OPEN OPEN 100m Looking East 14

Rajapalot Metallurgical Test Work  Excellent results of 95% - 99% (average 97%) obtained by a combination of gravity and conventional cyanidation*. *SGS Cornwall 15

The Work Plan Winter 2016/17  Regional Bottom of Till (BOT) sampling  Drilling over 1800 BOT holes first systematic test to:  Track dispersion in glacial cover;  Geophysics  Gold mineralization at Rajapalot has a strong magnetic, induced polarization (IP) and conductive response;  New IP and ground magnetic survey to increase coverage;  Infill of existing magnetic survey to better control recognition of fold closures to trap gold;  Diamond Drilling of Targets – 10,000 metres  Drill focus around known targets (60% budget);  Test targets over larger area after BOT program (40%). 16

12 Month Program Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug ‘16 ‘17 Ground magnetics, IP geophysics Winkie Drilling Rajapalot Active drill based programs BOT RAJA * BOT Rajapalot/Rompas First full test of system 225 holes 1400 holes Deep Drilling – 10 km Flora and Fauna Mapping Summer Work Winter Work  12 month budget: C$4.5M  Fully permitted 17

Analogue: Proterozoic Lode Au and (Fe) – Cu Deposits Well established analogue Global bank of 200 million ounces 18