Mawson Announces Appointment of Bruce Griffin as Independent Director

Rhea-AI Summary

Mawson Gold Limited (MWSNF) announced the appointment of Bruce Griffin as an Independent Director of its Board. Griffin, an accomplished resources professional with over 30 years of experience, has held senior roles at several companies, including Sheffield Resources and BHP. Executive Chairman Michael Hudson expressed enthusiasm for Griffin's corporate expertise, which could help unlock value across Mawson's diverse assets. The company also reported a change in its shareholder base, welcoming new investors while acknowledging the departure of Sentient Equity Partners. Additionally, Mawson granted stock options for the acquisition of 8,900,000 shares at $0.24, exercisable over three years.

Positive

• Appointment of Bruce Griffin enhances the Board with significant corporate experience.
• Welcoming new sophisticated resources investors could improve market perception and investor confidence.
• Stock options granted may align management's interests with shareholder value enhancement.

Negative

• Departure of Sentient Equity Partners could signal a loss of institutional support.

VANCOUVER, BC / ACCESSWIRE / February 13, 2023 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce the appointment of Mr. Bruce Griffin to the Board of Directors (the "Board") of Mawson, as Independent Director.

Mr Griffin is an accomplished resources industry professional with over 30 years of experience. Mr. Griffin serves as Executive Chairman of Sheffield Resources (ASX: SFX) and as a non-executive director of CVW CleanTech (CVW: TSXV). In addition, Mr. Griffin has held several chief executive and senior management roles with mineral sands and titanium dioxide pigment companies. Prior roles include executive, commercial, strategy and management consulting positions with BHP, Graincorp and Bain & Company, which followed a 9-year career with Shell. He holds undergraduate degrees in chemical engineering and economics, as well as a Master of Business Administration.

Mr. Michael Hudson, Executive Chairman, comment, "We are very pleased to have Bruce join the Mawson Board. He brings significant corporate and strategic experience to our team, as we seek to continue to unlock value across our diverse asset base."

Mawson would like the acknowledge the departure of funds managed by Sentient Equity Partners from its register via a series of secondary trades completed during December 2022. The Company is pleased to welcome a number of new shareholders to its register, which include sophisticated resources investors such as Darren Morcombe, Konwave Sustainable Gold Equity Fund and Pierre Lassonde.

Mawson also announces the granting of stock options to directors and officers of the Company to acquire an aggregate of 8,900,000 common shares of the Company, exercisable at $0.24 per common shares, for a period of 3 years.

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

Mawson Gold Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with its 100% owned flagship Rajapalot gold-cobalt project in Finland, and right to earn into the Skellefteå North gold project in Sweden. Mawson also currently owns 51% of Southern Cross Gold Ltd (ASX:SXG) which in turn owns or controls three high-grade, historic epizonal goldfields covering 470 km2 in Victoria, Australia.

On behalf of the Board, "Michael Hudson" Michael Hudson, Executive Chairman

Further Information www.mawsongold.com 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7 Mariana Bermudez (Canada), Corporate Secretary +1 (604) 685 9316info@mawsongold.com

Forward-Looking Statement

Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. 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 Limited

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https://www.accesswire.com/739056/Mawson-Announces-Appointment-of-Bruce-Griffin-as-Independent-Director

FAQ

Who is Bruce Griffin and what experience does he bring to Mawson Gold Limited?

Bruce Griffin is an Independent Director with over 30 years in the resources sector, having held senior roles in companies like BHP and Sheffield Resources.

What impact does Bruce Griffin's appointment have on Mawson Gold Limited?

His appointment enhances the Board with strategic experience, which may help unlock value across Mawson's asset base.

What changes occurred in Mawson Gold's shareholder base?

The company reported the departure of Sentient Equity Partners and welcomed new sophisticated investors.

What stock options were granted by Mawson Gold Limited?

Mawson granted stock options for 8,900,000 common shares at $0.24 each, exercisable over three years.