Good News from Mon, 17 September, 2012:

Mawson finds more gold in Finland

The Rompas project is already proving a goldmine for Mawson The Rompas project is already proving a goldmine for Mawson

Canadian mining company Mawson Resources is stepping up reconnaissance prospecting within the Rajapalot area of Northern Finland following its announcement that is has made a new gold discovery, eight kilometres east of its existing Rompas project.

Samples taken from outcrop and boulders averaged 11.0g/t gold and ranged from 0.001g/t to 85g/t gold within separate prospect areas separated by many kilometres.

Together with Rompas, the discovery provides further evidence for a large new gold camp in Finland, the company said.

Although this initial sampling program was very limited, Rajapalot provides compelling evidence of a new gold project within the larger Rompas area, and is a great example of Finland's prospectivity, said Michael Hudson, President & CEO of Mawson Resources.

The highlight of the discovery is the Palokas area where two grab samples from adjacent outcrops returned 85.0g/t gold and 66.3g/t gold.

Globally it is unusual to find previously unsampled high-grade gold in outcrop and boulders, let alone eight kilometres from such an exciting exploration project as Rompas, which has delivered spectacular surface and drill results over the last two years, said Hudson.

Up until one month ago, Rajapalot was unknown and had never been sampled.

Rajapalot lies partly within a Natura 2000 area where drilling and trenching are not permitted until Mawson applies for a modification of the claim decision by conducting an environmental programme.

An environmental study of the area is expected to be completed in the final quarter of this year.