Mawson Finland: Gold, Cobalt Exploration in Lapland Area, Northern Finland

• ‘New lens’ reported in September 4, 2024 NR is expanded up-dip

• Seven holes intersect important mineralized intercepts

• PAL0361 drilled a number of important intercepts concentrating on down-dip depth extensions of South Palokas, defining two lenses of gold-cobalt mineralization at depth, together with:

• PAL0364 drilled a number of important intercepts in modest step-outs within the higher southern parts of South Palokas, after which continued onwards to intercept ‘New lens’ positioned within the footwall of South Palokas together with:

• PAL0356 drilled 0.9 m @ 5.07 g/t Au and 19 ppm Co from 424.45 metres in a deep, southward step-out from South Palokas

• PAL0367 drilled a single intercept of 0.85 m @ 0.94 ppm Au from 614.75 meters (cobalt TBA) on a deep steep-out on the northern margin of South Palokas

• PAL0368 drilled a number of important intercepts in southward step-outs to The Hut zone of gold-cobalt mineralization, together with:

• PAL0363 drilled two important intercepts in northwards step-outs of The Hut zone of mineralization, together with:

• PAL0370 drilled a single intercept in a modest step-out at Terry’s Hammer of:

• Drillholes PAL0352 and PAL0365 (South Palokas), drillholes PAL0366 and PAL0369 (The Hut), and drillhole PAL0371 (Terry’s Hammer) didn’t intercept important mineralization, whereas drillhole PAL0359 (South Palokas) was deserted at 47.2 metres attributable to drilling technicalities.

Ms. Noora Ahola, Mawson Finland CEO, states: “In latest weeks our Government Chairman Neil MacRae and I’ve had an opportunity to fulfill a lot of our shareholders in addition to native stakeholder teams. We admire the arrogance that our shareholders have proven in our group by funding our new Firm. We hope that our shareholders are as excited as our group is by the outcomes of this newest drill season. I believe our 2024 drill outcomes communicate loudly to the potential enlargement of Rajapalot effectively past its present measurement.

Nonetheless, we is not going to relaxation on our laurels and intend to proceed to construct on our exploration success. Our exploration group is at present within the discipline conducting each surface-geochemical and geophysical surveys with a view to enable us to attempt to enhance on our present success price when the Winter 2025 drilling marketing campaign begins.”

Detailed Outcomes

The 13 drillholes reported right here (Desk 1) are from the South Palokas, New lens, The Hut and Terry’s Hammer zones of mineralization at Rajapalot (PAL0352, PAL0356, PAL0359, PAL0361, PAL0363, PAL0364, PAL0365, PAL0366, PAL0367, PAL0368, PAL0369, PAL0370, PAL0371; see Determine 1, Determine 2 and Determine 3 in Schedule “A” hereto for collar and intercept places, and Desk 1, Desk 2 and Desk 3 in Schedule “A” hereto for collar and accessible assay knowledge) signify 4,675 metres of drilling from the 2024 programme of a complete of 11,376 metres in 38 drillholes, of which all holes have now been reported for gold their evaluation. Gold concentrations are reported right here for intercepts that contained over 0.3 g/t Au over a minimal pattern interval of 1 metre (lower-cut), whereas corresponding cobalt concentrations are reported from those self same intervals the place accessible (cobalt concentrations can be found for all however drillhole PAL0367 of this information launch, of which ends from this gap, and all remaining and unreported cobalt outcomes will probably be reported in the end because the remaining knowledge turns into accessible). Composite assay values recording gold concentrations above the lower-cut limits are offered under in Desk 2 in Schedule “A” hereto, and all uncooked pattern intervals are offered in Desk 3 in Schedule “A” hereto.

Drillholes PAL0356 and PAL0361 had been drilled on the deep, southern margin of the South Palokas zone of gold-cobalt mineralization, the place they intercepted important mineralization with respective step-outs of between 50 metres and 85 metres southwards from their nearest identified historic drill-intercepts (confer with Determine 2). Drillhole PAL0367 was drilled on the deepest northern margins of South Palokas the place it intercepted a skinny, weakly mineralized interval. Drillholes PAL0352 (northern margin) and PAL00365 (southern margin) intercepted no important mineralization, whereas drillhole PAL0359 was deserted after solely 47.3 metres attributable to drilling difficulties, and failed to achieve projected depth of mineralization.

One additional drillhole was drilled within the South Palokas space to follow-up a beforehand reported high-grade intercept on ‘New lens’ that’s positioned within the footwall of South Palokas, roughly 100 metres straight under the principle mineralized physique on this space (see Mawson Finland Restricted information launch dated September 4^th, 2024). Drillhole PAL0364intercepted a thick, 17 metre drilled interval of gold-cobalt mineralization roughly 50 metres up-dip of the beforehand reported high-grade intercept (PAL0335; 20.75 m @ 5.25 g/t Au & 515 ppm Co from 295.05 metres). This confirms each geological and grade continuity of ‘New lens’, that means that geometry of this gold-cobalt-bearing construction is now understood, and additional step-out drilling will be performed within the down-plunge path (confer with Determine 2).

Drilling at The Hut and Terry’s Hammer zones of gold-cobalt mineralization consisted of 6 drillholes in complete. Drillholes PAL0663, PAL0366 and PAL0369 focused northerly step-outs to The Hut zone of mineralization, with drillhole PAL0363 intercepting gold-cobalt mineralization in a step-out of roughly 60 metres to the north of its nearest historic intercept (confer with Determine 3). Drillhole PAL0368 intercepted gold-cobalt mineralization in an roughly 35 metre step-out to the south of the following closest historic intercept at The Hut. Drillholes PAL0370 and PAL0371 had been drilled to focus on down-dip extension of Terry’s Hammer, with PAL0371 intercepting gold-cobalt mineralization roughly 35 metres under its nearest historic intercept (confer with Determine 3).

Technical Background, Information Verification and High quality Assurance and High quality Management

Three diamond drill rigs from MK Core Drilling Oy, Comadev Oy and Arctic Drilling Firm Oy, all with water recirculation and drill cuttings assortment techniques, had been used on this drill program. Core diameter is NQ2 (50.7 mm). Core recoveries are glorious and common near 100% in contemporary rock. After photographing and logging in Mawson’s Rovaniemi services, core intervals of between 0.5 to 2 metres are taken for sampling, then half-sawn by impartial contractors the Geological Survey of Finland (GTK) in Rovaniemi, Palsatech Oy in Kemi and Geopool Oy in Sodankylä. The remaining half core is retained for verification and reference functions. Analytical samples are transported by business transport from website to the impartial contractor CRS Minlab Oy (“CRS“) facility in Kempele, Finland. Samples are ready and analyzed for gold utilizing the PAL1000 approach which includes grinding the pattern in metal pots with abrasive media within the presence of cyanide, adopted by measuring the gold in answer with flame AAS gear. Samples for multi-element evaluation (together with cobalt) are pulped at CRS, then transported by air to MSALABS in Vancouver, Canada and analyzed utilizing 4 acid digest ICP-MS strategies. All of the foregoing laboratories are impartial of the Firm. The standard assurance and high quality management program of Mawson consists of the systematic insertion of licensed requirements of identified gold content material, duplicate samples by quartering the core, and blanks positioned inside pattern runs in interpreted mineralized rock. As well as, CRS inserts blanks and requirements into the analytical course of. Along with the pattern preparation and safety measures described above, knowledge verification procedures are effectively built-in into the Firm’s high quality assurance and high quality management program. Routine ongoing checking of all knowledge is undertaken previous to being uploaded to the database. This will probably be adopted by impartial knowledge verification audits at exploration milestones all through the Rajapalot challenge’s improvement. Dr. Fromhold (see “Certified Particular person” under) has additionally reviewed the {qualifications} and analytical procedures of the above-mentioned laboratories, pictures of drill cores, and the PEA in reference to verifying the exploration data offered herein.

All maps have been created inside the KKJ3/Finland Uniform Coordinate System (EPSG:2393). Tables 1-3 in Schedule “A” hereto present collar and assay knowledge. As a result of sometimes low angles of drill intercepts, the true thickness of the mineralized intervals are interpreted to be roughly 80-90% of the drilled thickness. Desk 3 offers detailed particular person assay knowledge of all intervals reported on this press launch. Intersections are reported with a decrease minimize of 0.3 g/t Au over 1 metre intervals, with composite knowledge (Desk 2 in Schedule “A” hereto) containing not more than 2 consecutive 1 m intervals of waste-rock (i.e., 1 m intervals with

At Rajapalot, all examples of gold-cobalt mineralization are constantly positioned inside highly-sheared and foliated wall-rocks adjoining to strongly hydrothermally altered, northwest to north dipping shear-zones. Mineralization is often encountered as disseminated to semi-massive sulfide lenses (predominantly pyrrhotite and lesser pyrite ± cobaltite), hosted inside strongly deformed and altered, mafic volcanic and volcaniclasitic stratigraphy of the higher parts of the Paleoproterozoic-aged Kivalo Group of the Peräpohja Greenstone Belt. Prospects with high-grade gold and cobalt mineralization at Rajapalot happen throughout a 3 km (east-west) by 2 km (north-south) space inside the bigger Rajapalot challenge space measuring 4 km by 4 km with a number of mineralized boulders, base-of-till (BOT). Gold-Cobalt mineralization at Rajapalot has been drilled to roughly 470 metres under floor at each South Palokas and Raja prospects, and mineralization stays open at depth throughout your complete challenge.

Certified Particular person

The technical and scientific data on this information launch was reviewed, verified and permitted by Dr. Thomas Fromhold, an worker of Fromhold Geoconsult AB, and Member of The Australian Institute of Geosciences (MAIG, Membership No. 8838). Dr. Fromhold is a “certified individual” as outlined underneath NI 43-101. Dr. Fromhold shouldn’t be thought-about impartial of the Firm underneath NI 43-101 as he’s a guide of the Firm.

About Mawson Finland Restricted

Mawson Finland Restricted is an exploration stage mining improvement firm engaged within the acquisition and exploration of valuable and base steel properties in Finland. The Firm is primarily targeted on gold and cobalt. The Company at present holds a 100% curiosity within the Rajapalot Gold-Cobalt Challenge positioned in Finland. The Rajapalot Challenge represents roughly 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 11 granted exploration permits for 10,204 hectares and a couple of exploration allow purposes and a reservation notification space for a mixed complete of 40,496 hectares. In Finland, all operations are carried out by the Firm’s totally owned subsidiary, Mawson Oy. Mawson maintains an lively native presence of Finnish employees with shut ties to the communities of Rajapalot.

Further disclosure together with the Firm’s monetary statements, technical stories, information releases and different data will be obtained at mawsonfinland.com or on SEDAR+ at www.sedarplus.ca.

Media and Investor Relations Inquiries

Please contact: Neil MacRae Government Chairman at neil@mawsonfinland.com or +1 (778) 999-4653, or Noora Ahola Chief Government Officer at nahola@mawson.fi or +358 (505) 213-515.

Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this information launch. No securities regulatory authority has reviewed or permitted of the contents of this information launch.

Ahead-looking Info

This information launch consists of sure “forward-looking data” and “forward-looking statements” inside the that means of relevant securities legal guidelines (collectively, “forward-looking data”) which aren’t comprised of historic information. Ahead-looking data consists of, with out limitation, estimates and statements that describe the Firm’s future plans, goals or objectives, together with phrases to the impact that the Firm or administration expects a said situation or end result to happen. Ahead-looking data could also be recognized by such phrases as “believes”, “anticipates”, “expects”, “estimates”, “goals”, “could”, “may”, “would”, “will”, “should” or “plan”. Since forward-looking data relies on assumptions and deal with future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Though these statements are primarily based on data at present accessible to the Firm, and administration of the Firm believes them to be affordable primarily based upon, amongst different data, the contents of the PEA and the exploration data disclosed on this information launch, the Firm offers no assurance that precise outcomes will meet administration’s expectations. Dangers, uncertainties and different elements concerned with forward-looking data may trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data. Ahead-looking data on this information launch consists of, however shouldn’t be restricted to, the Firm’s goals, objectives or future plans, any anticipated receipt of extra assay outcomes or different exploration outcomes and the impression upon the Firm thereof, any anticipated milestone impartial knowledge verification, the continuance of the Firm’s high quality assurance and high quality management program, potential mineralization whether or not peripheral to the prevailing Rajapalot useful resource or elsewhere, any anticipated disclosure of assay or different exploration outcomes and the timing thereof, the estimation of mineral sources, exploration and mine improvement plans, together with drilling, soil sampling, geophysical and geochemical work, any anticipated seek for extra exploration targets and any outcomes of such searches, potential acquisition by the Firm of any property, the expansion potential of the Rajapalot useful resource, all values, estimates and expectations drawn from or primarily based upon the PEA, and estimates of market circumstances. Components that would trigger precise outcomes to vary materially from such forward-looking data embrace, however usually are not restricted to: any change in trade or wider financial circumstances which may trigger the Firm to regulate or cancel solely its exploration plans, failure to establish mineral sources or any extra exploration targets, failure to transform estimated mineral sources to reserves, any failure to obtain the outcomes of accomplished assays or different exploration work, poor exploration outcomes, the shortcoming to finish a feasibility examine which recommends a manufacturing resolution, the preliminary and unsure nature of the PEA, the preliminary nature of metallurgical check outcomes, delays in acquiring or failures to acquire required governmental, environmental or different challenge approvals, political dangers, uncertainties referring to the provision and prices of financing wanted sooner or later, modifications in fairness markets, inflation, modifications in change charges, fluctuations in commodity costs, delays within the improvement of initiatives, capital and working prices various considerably from estimates and the opposite dangers concerned within the mineral exploration and improvement trade, and people dangers set out within the Firm’s public paperwork filed on SEDAR+. Though the Firm believes that the assumptions and elements utilized in making ready the forward-looking data on this information launch are affordable, undue reliance shouldn’t be positioned on such data, which solely applies as of the date of this information launch, and no assurance will be on condition that such occasions will happen within the disclosed time frames or in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking data, whether or not because of new data, future occasions or in any other case, aside from as required by regulation.

SCHEDULE “A” – TABLES AND FIGURES

Desk 1: Drillhole collar places (Finnish KKJ grid), with corresponding gap orientations (azimuth and dip), complete depth, and prospect goal. Holes reported on this information launch are highlighted in daring textual content, and holes reported in prior releases highlighted in italics.

¹True-thickness of the mineralized intervals are interpreted to be roughly 80-90% of the Drilled Thickness. True-thickness shouldn’t be exactly identified right now.

Desk 2: Composited gold and cobalt concentrations from the drillholes reported on this information launch. Particular person assay values are listed in Desk 3 hereinbelow.

Determine 1: Locality map illustrating collar positions and drill-hole traces from Mawson’s 2024 winter drilling marketing campaign. Drillholes colored pink are these reported on this information launch, whereas holes colored black have been reported in earlier releases.

Determine 2: Lengthy-section of the South Palokas (left) and ‘New lens’ (proper) zones of mineralization at Rajapalot. Intercepts from the 2024 drilling season are labelled in daring with their outcomes represented in gold gram-metres (gold g/t x intercept thickness in metres). The small black rings point out ‘no important intercept’. Crimson arrows reveal the path wherein gold-cobalt mineralization stays ‘open’ and untested.

Determine 3: Lengthy-section of The Hut and Terry’s Hammer zones of mineralization at Rajapalot. Intercepts from the 2024 drilling season are labelled in daring with their outcomes represented in gold gram-metres (gold g/t x intercept thickness in metres). The small black rings point out ‘no important intercept’. Crimson arrows reveal the path wherein gold-cobalt mineralization stays ‘open’ and untested.

Desk 3: All gold and cobalt pattern intervals with their corresponding gold and cobalt concentrations (the place accessible), which might be contained inside above composited intervals, that meet the lower-cut standards of 1 metre intervals at higher than 0.3 g/t gold.

SOURCE: Mawson Finland Restricted

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