Drilling commences at the Klappibacken uranium project in Sweden



    VANCOUVER, Nov. 26 /CNW/ - Mawson Resources Limited ("Mawson") TSXv -
MAW; Frankfurt - MRY. Michael Hudson, President & CEO, announces that drilling
has commenced at the Klappibacken uranium project in northwestern Sweden where
a 4,000-metre diamond drill program has been planned for this winter.
    Significant near-surface and high-grade uranium mineralization was
intersected by the Company in a drill program reported in June 2007. The
results indicated the strength of the uranium mineralized system and the
potential for a major uranium deposit at Klappibacken. Best results,
calculated with a lower cut-off of 200ppm U(3)O(8), included:

    
    KLADD0703 :    56 metres at 0.10% U(3)O(8) from 20 metres;
                   including 5 metres for 0.24% U(3)O(8) from 25 metres, and
                   including 24.7 metres for 0.12% U(3)O(8) from 46.3 metres;

    KLADD0702 :    23.1 metres at 0.12% U(3)O(8) from 18.6 metres; and
                   8.6 metres at 0.10% U(3)O(8) from 51.5 metres;
    

    Klappibacken is an intrusive-related uranium deposit, hosted by a
brecciated or cataclastic granite which is strongly enriched in fluorite.
Uranium mineralization is present within a single lense, generally greater
than 30 metres in width and locally up to 50 metres wide. Historical drilling
at Klappibacken has shown that mineralization extends to greater than
150 metres below the surface, at least 120 metres along strike, and remains
open both at depth and along strike.
    A radon cap survey was completed by Mawson at Klappibacken in 2006, to
measure the abundance of radon gas in the one metre thick soil that masks
bedrock in the prospect area. Radon gas is emitted as a daughter product
during the natural decay of uranium. This program identified numerous nearby
exploration targets up to two kilometers along strike from Klappibacken. These
targets include areas with a stronger radon gas signature than those
associated with the known mineralization. The radon cap targets shall be drill
tested early in the upcoming summer drilling program.
    Mr Hudson states, "At Klappibacken the mineralization commences from
surface and remains open at depth. Surface indications from radon cap surveys
and scintillometer traverses define the footprint of high radioactivity to
over two kilometres strike, of which only 120 metres has been drill tested. We
look forward to testing the project over the coming months."
    Further information regarding these and previous results from the
Klappibacken uranium project may be found at
http://www.mawsonresources.com/index.php?page=ProjectsKlap.
    The qualified person for the Klappibacken project, Mark Saxon, Director
and Vice-President of Exploration for Mawson, and a member of the Australasian
Institute of Mining and Metallurgy, has reviewed and verified the contents of
this release.

    About the Company: Mawson Resources is a leading uranium explorer in
Europe with more than 16 million pounds of U(3)O8 in CIM-compliant or historic
resources in the nuclear energy reliant countries of Spain, Sweden and
Finland. As the European Union reduces its reliance on carbon-based energy
sources, Mawson is well placed as the Company develops its exploration
portfolio towards the sustainable production of uranium in the shortest
possible time frame.

    On behalf of the Board,

    "Michael Hudson"
    ----------------
    Michael Hudson, President & CEO

    Forward Looking Statement. This news release contains certain
"forward-looking" statements and information relating to the Company that are
based on the beliefs of the Company's management as well as assumptions made
by and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions related to
certain factors including, without limitations, competitive factors, general
economic conditions, customer relations, relationships with vendors and
strategic partners, the interest rate environment, governmental regulation and
supervision, seasonality, technological change, changes in industry practices,
and one-time events. Should any one or more of these risks or uncertainties
materialize, or should any underlying assumptions prove incorrect, actual
results may vary materially from those described herein. Neither the TSX
Venture Exchange nor the Frankfurt Deutsche Borse have reviewed the
information contained herein and, therefore, do not accept responsibility for
the adequacy or accuracy of this news release.





For further information:

For further information: Investor Information: www.mawsonresources.com,
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7; Company Contact: Mariana
Bermudez, (604) 685-9316; Investor Relation Consultants - Mining Interactive,
Nick Nicolaas, (604) 657-4058; Wayne Melvin, (604) 619-6327, Email:
info@mawsonresources.com


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