Mawson updates work programs in Finland

VANCOUVER, Aug. 23, 2011 /CNW/ --
VANCOUVER, Aug. 23, 2011 /CNW/ - Mawson Resources Limited ('Mawson') TSX - MAW; Frankfurt - MRY.  Mr Michael Hudson, President & CEO, provides an update on the active
exploration program underway at the 100% owned Rompas gold-uranium
project in Finland.  In addition, the Company has also released an
overview video of the Rompas project and field programs.  This video
can be viewed at: http://www.youtube.com/watch?v=y_ke3hfdFxA.

This second summer of field work at Rompas is focused on understanding
the detailed controls on mineralization over the +6km strike length to
define the highest priority drill targets.  Currently, Mawson has
submitted 700 rock and 660 soil samples for assay and results are
awaited.

To better establish the continuity between previously identified high
grade gold and uranium mineralized sites the Company has hand trenched
two areas at close spaced intervals in North Rompas. This program has
been successful in delineating continuity of radioactive zones, known
to be associated with gold mineralization.  The most promising area to
date is a zone in the north eastern part of North Rompas which has been
trenched at 20m intervals over a strike length of 120m.  Numerous and
regular 1-2m wide radioactive structures have been found across a width
of between 15-25m along the entire 120m trenched strike.  In the same
area, prior to trenching, only 5 spot bonanza gold sites were
discovered by radiometric testing through the 0.5-1m thick glacial soil
cover.

In addition, Mawson is also currently completing:

    --  Detailed mapping at North and South Rompas, to refine the
        understanding of the key structural, geological and alteration
        signatures associated with gold and uranium mineralization;

    --  Channel sampling and mapping at Rumavuoma, located 6km to the
        south east of Rompas.  Nine previous reconnaissance samples
        taken within a 3.5km by 400m area all recorded anomalous gold
        and uranium mineralization with samples ranging from 0.1g/t to
        1.8g/t gold and 5ppm to 3860 ppm (0.39%) uranium and averaging
        0.3g/t gold and 517ppm uranium.

    --  A 5 line-km of induced polarization geophysics survey over the
        mineralized sequence at both Rompas and Rumavuoma to
        characterize the chargeability and resistivity responses of the
        mineralized host and each distinct lithological trend;

    --  A closely spaced ground radioactive survey at Rompas.

Mr Hudson states, 'This year's work program at Rompas is in full swing. 
As we increase the detail of our exploration it is pleasing to see
continuity develop between the closely spaced trenches. This work is
achieving its aim of defining robust drill targets which will be tested
once permits are received.  A large set of assay results from this
year's work are pending, and will be released when they are returned
from the laboratory.'

About Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)

Mawson Resources Ltd is a resource acquisition and development company with METAL and ENERGY
interests.

Mawson has distinguished itself as the leading Scandinavian gold and
uranium exploration company, with advanced projects in Sweden and
Finland. As the European Union moves to reduce its reliance on
carbon-based energy sources and continues to debate energy security,
Mawson is well positioned to provide Europe with the option to fuel its
future. In addition, the Company is exploring for gold and copper in
the highly prospective Cordillera of Peru, with a focus on a new
gold-copper discovery at Alto Quemado.

With a strong cash position and a multi-jurisdiction European and South
American portfolio, Mawson is ideally positioned to enhance its status
as a leader in the uranium and gold industries.

Shares Outstanding: 51,645,753. Cash: approximately C$11.5 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.

Mawson samples were prepared by ALS Chemex Ltd's laboratory in Pitea,
Sweden and analyzed by Au-ICP21, ME-MS41u, PGM-ICP27 and ME-MS61u
techniques by ALS Chemex Ltd's laboratory in Vancouver, Canada.  The
qualified person for Mawson's Finnish projects, Erkki Vanhanen, Finnish
Exploration Manager for Mawson with a designation of European Geologist
for the European Federation of Geologists (EFG), has reviewed and
verified the contents of this release.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/23/c5542.html

Investor Information
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Investor Relation Consultants - Mining Interactive
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Email: info@mawsonresources.com