VANCOUVER, June 28 /CNW/ - Mawson Resources Limited ("Mawson") TSXv -
MAW; Frankfurt - MRY. Michael Hudson, President & CEO, announced this morning
that the final permitting process at the Don Benito uranium project has now
commenced. An interview with Mr Hudson discussing the permitting update can be
viewed at http://mininginteractive.com/media/mawson/70619.
Spanish Mining Authorities ("Junta de Extremadura") recently requested
the "Guarantee Payment" for granting ("Admisisn Definitiva") of the uranium
Investigation Permits that cover the Don Benito uranium project. Mawson lodged
this Guarantee Payment on June 27th 2007. The Company is now confident that
the final granting ("Demarcacisn") of the Don Benito Investigation Permits
(12684-D and 12686-D) will be complete by year's end.
The Don Benito uranium claims cover the La Haba open pit uranium mine
which ceased operation in 1990, and the adjacent in-situ uranium resources.
The mine and resource area are currently overlain by the 3,865 hectare La Haba
State Mineral Reserve. Spanish Mining Law states that on lifting of a State
Mineral Reserve, the mineral rights within the State Mineral Reserve will fall
to the holder of the overlying granted permits. The La Haba Mineral Reserve is
currently in the process of being lifted by the National Authorities of Spain.
The qualified person for the Mawson's Spanish uranium projects, 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, 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 Relations Consultants - Mining Interactive,
Nick Nicolaas, (604) 657-4058, Wayne Melvin, (604) 619-6327, Email: