Mawson increases Klappibacken Resource by 51% to 3.3 million pounds of U3O8



    TSX - MAW
    Frankfurt - MRY

    VANCOUVER, July 16 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW;
Frankfurt - MRY. Michael Hudson, President & CEO provides an updated resource
calculation for the Klappibacken uranium project in northern Sweden following
completion of a 20 hole drilling program. The new resource calculation is a
51% increase in measured plus indicated categories over the previous
calculation as reported in a NI 43-101 technical report dated 28 February
2008. The resource, using a 0.025% uranium lower cut-off grade, is:

    
                Million Tonnes    GRADE %     Contained      Contained U3O8
    CATEGORY        (Mt)           U3O8        U3O8 (t)       Million lbs
    -------------------------------------------------------------------------
    Measured        0.09           0.064           56            0.12
    -------------------------------------------------------------------------
    Indicated       1.85           0.077        1,429            3.15
    -------------------------------------------------------------------------
    TOTAL           1.94           0.077        1,485            3.27
    -------------------------------------------------------------------------
    

    The resource at Klappibacken occurs as a single block of mineralization
and, to date, extends from surface to a maximum depth of 200 metres,
150 metres in strike and up to 105 metres in thickness. The deposit remains
open in all directions. Klappibacken is an intrusive-related uranium deposit,
hosted by brecciated and cataclastic granite which is strongly enriched in
fluorite or hematite.
    Basic metallurgical testing undertaken on Klappibacken samples has shown
the mineralization to be easily liberated with conventional processing.
Testing of two samples carried out by the Lulea Technological University in
Sweden in 1983 showed excellent grindability and leachability. Klappibacken
samples were reduced in a rod mill within 15 minutes to 175 micron size.
Recovery of 97% uranium with low oxygen consumption by acid leach was achieved
which is considered very promising.
    Michael Hudson states, "Mawson's first drilling program at Klappibacken
has increased the measured plus indicated resource base by more than 50% over
the previously reported resource. Mineralization remains open with strong
potential for expansion and future work will be directed at defining the
immediate extensions to mineralization and testing near surface targets.
Klappibacken forms part of Mawson's Hotagen project, where 19 drill-tested or
surface sampled uranium mineralized prospects have been discovered within a
five kilometre radius of Klappibacken. A summer field program is now underway
and we look forward to continuing to build our knowledge of this highly
prospective area."
    The resource was estimated within a geologically constrained mineralized
envelope; with a lower cut off of 0.025% uranium applied to resource blocks
populated using the inverse distance squared method within Maptek Vulcan
software. The model utilized a total of 56 holes for 8,943 metres which
included 32 drill holes completed by the Swedish Geological Survey between
1983 and 1984 and 22 drill holes completed by Mawson during 2007 and 2008.
Resource category classifications were defined using criteria determined
during the validation of the grade estimates, with detailed consideration of
the NI 43-101 and CIM categorization guidelines as shown below:

    
    -   Measured resource: blocks less than 12.5 metres from the weighted
        average Cartesian distance from a drill hole composite;
    -   Indicated resources: blocks less than 40 metres from the weighted
        average Cartesian distance from a drill hole composite.
    

    Uranium from Mawson's drill holes was analyzed by the ME-XRF05 technique
by ALS Chemex Ltd's laboratories in Pitea, Sweden and Vancouver, Canada, where
duplicates, repeats, blanks and known standards were inserted according to
standard industry practice. The resource calculation was undertaken by the
consulting firm ReedLeyton Consulting Ltd of Edinburgh. 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 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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