Drilling to recommence at the Hotagen uranium project, Sweden



    VANCOUVER, Feb. 25 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW;
Frankfurt - MRY. Mr. Michael Hudson, President & CEO, announces that the
Company has signed a contract for in excess of 100 near-surface drill holes
that will test a 1,400 metre trend in the vicinity of the Company's
Klappibacken uranium project in the Hotagen District of Northern Sweden.
    The contracted drill program will test bedrock for shallow strike
extensions to the Klappibacken uranium deposit beneath thin soil cover on a
100 metre by 50 metre grid. Results from an initial drilling program completed
late 2008 identified a uranium anomalous area 300 metres east of the
Klappibacken deposit. The upcoming drill program will test this anomaly,
projected strike extensions to mineralization, and a uranium anomalous boulder
train located 700 metres SW of the resource area. Holes will test the
uranium-anomalous granitic basement with approximately 2 metres of diamond
drill core beneath the 1-2 metre surface soil cover. Snow packing for access
has been completed and drilling is expected to commence in the first week of
March 2009.
    A NI43-101-compliant indicated resource of 3.3 million lb's at 0.08%
uranium oxide ("U(3)O(8)") was recently announced at Klappibacken (see Mawson
release July 16, 2008). Additionally, Mawson's latest exploration work in the
Hotagen district has lead to the discovery of sixty-six individual outcropping
uranium mineralized areas within Mawson's exploration claims over an area of 8
kilometres by 7 kilometres. Results included forty assays above 0.05%
U(3)O(8), which ranged from 0.05% U(3)O(8) to 8.04% U(3)O(8) and averaged
0.79% U(3)O(8). The discovery of these uranium mineralized outcrops is
significant considering outcropping rock accounts for less than 10% of the
surface area in the Hotagen district, with the remainder of the area blanketed
under a thin 1-2 metre soil veneer.

    UPDATE ON SWEDEN'S RECENT NUCLEAR PROGRAM ANNOUNCEMENTS

    Earlier this month, Sweden's centre-right government decided to end a
29-year-old moratorium on the construction of new nuclear power plants. In
1980, a referendum in Sweden voted to phase out nuclear power, however, only
two of the country's 12 nuclear plants were closed during intervening years
and Sweden's nuclear reactors currently provide around 50 percent of the
country's electricity. The Swedish government feels that sustained investment
in nuclear power will be a necessary part of its strategy to meet its 2020
goal of cutting carbon emissions by 40 percent from 1990 levels. Parliament
has yet to vote on the bill.
    In addition, a recent poll commissioned by the Stockholm daily newspaper
the Dagens Nyheter, indicated that 62 per cent of 1,016 people polled
supported building new reactors, while 28 per cent said they opposed building
any new reactors. Ten per cent remained undecided.
    Mr Hudson states, "The Company welcomes the recent nuclear policy
statement by the Swedish government. Mawson is a leading uranium explorer in
Sweden, with a demonstrable history of exploring sustainably with full
community consultation. The Company is committed to define further uranium
resources within Sweden. We consider the Hotagen district to be highly
prospective and look forward to receiving results from the upcoming drill
program."
    The qualified person for the Hotagen 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 holds significant uranium 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. 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.





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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