SOUTHERN CROSS - MWSNF STOCK NEWS

Mawson Gold Limited (OTC PINK:MWSNF) has commenced drilling at its Whroo Joint Venture project in Victoria, Australia. The project covers a 14-kilometre historic goldfield, previously yielding over 40,000 oz of gold. Mawson plans two deep diamond drill holes to explore gold mineralization beneath the Balaclava open pit where historic drilling encountered notable gold grades.

The company aims to earn up to 70% interest in the joint venture through exploration expenditures of A$4.0 million over six years and cash payments totaling A$250,000.

Mawson Gold Limited (OTC PINK:MWSNF) announced an update regarding its Rajapalot project in Finland, revealing regional-scale prospecting that identified 8 new gold-cobalt prospects. The program, which spans a considerable extent of 14 km x 15 km, discovered high-grade samples including boulders with 546 g/t gold. Current exploration aims to confirm drill-ready targets ahead of the winter drill season, leveraging the company's first-mover advantage in the Peräpohja Schist belt. Mawson's past drilling defined a resource of 1.04 Moz at 3.0 g/t AuEq.

Mawson Gold Limited (OTC PINK:MWSNF) reported promising assay results from seven diamond drill holes at the Sunday Creek project in the Victorian Goldfields, Australia. Highlights include:

• 21.7 metres @ 4.7 g/t Au and 1.0% Sb (5.6 g/t AuEq) from hole MDDSC021.
• New high-grade intersections include 0.4 metres @ 145.5 g/t Au and 20.0% Sb.
• Drilling continues with 25 holes completed over 6,005 metres.

Executive Chairman Michael Hudson emphasized the continuity of mineralization and the potential for further discoveries.

Mawson Gold Limited (MWSNF) announced significant gold assays from trenches at its Sunday Creek project in Victoria, Australia. Highlights include 14.0 metres at 11.5 g/t gold and 0.3% antimony from Trench 1, with an exceptional interval of 8.0 metres @ 19.6 g/t gold. The company has completed a total of 24 drill holes totaling 5,561 metres, and is planning to report a maiden resource in 2022. Mawson is conducting a strategic review of its Australian assets to enhance shareholder value, with further results expected soon.

Mawson Gold Limited announced the grant of 250,000 stock options and 700,000 restricted share units (RSUs) to its officers and employees, totaling 950,000 common shares. The stock options are exercisable at $0.22 per share for three years, while the RSUs vest immediately. This move aligns with the Company's Stock Option Plan and RSU Plan, which were last approved by shareholders on November 18, 2020. Mawson continues to focus on its Rajapalot gold-cobalt project in Finland, showcasing an updated inferred mineral resource of 887,000 ounces of gold.

Mawson Gold Limited (MWSNF) has appointed Ivan Fairhall as its new CEO, effective immediately. Fairhall replaces Michael Hudson, who remains as Executive Chairman. This leadership transition aligns with Mawson's strategy to move its Finnish assets from exploration to pre-development. The company has also initiated a strategic review focused on its Australian assets to enhance shareholder value. Under Fairhall's guidance, the Rajapalot project has seen a 47% increase in gold resources, emphasizing its growth potential.

Mawson Gold Limited announced an update on the Inferred Mineral Resource estimate at its Rajapalot project in Finland. The estimate indicates a base case of 10.91 Mt at 3.0 g/t AuEq, totaling 1.04 Moz AuEq. This represents a 19% increase in gold grade and 47% growth in contained gold ounces compared to the previous year. The number of distinct prospects has doubled from four to eight, highlighting strong resource continuity and expansion potential. The project remains underexplored, with only 20% of mineralization covered by drilling.

Mawson Gold Limited (MWSNF) reported the results of its 2020/21 drill program at the Rajapalot gold-cobalt project in Finland, totaling 76 holes and 19,422 meters. Key achievements include the discovery of two new gold-cobalt zones and significant extensions to four existing prospects. Approximately 80% of the Rajapalot area remains untested. Notable drill results include 1.6 meters at 28.3 g/t gold at Joki East and 70.3 meters at 0.9 g/t gold at The Hut. A resource upgrade is anticipated by the end of August 2021.