Drilling expands near-surface Uranium at Tasjo over 1.1 km



    VANCOUVER, Aug. 13 /CNW/ - Mawson Resources Limited ("Mawson") TSXv
- MAW; Frankfurt - MRY. Michael Hudson, President & CEO, announces further
results from drill holes completed by Mawson at its Kronotorpet uranium - rare
earth element (REE) prospect at the Company's Tasjo project in northwestern
Sweden.
    Results are now available from the final 16 drill holes of a 53-drill
hole program (KRODD06027, KRODD06039 to KRODD07053). Results for these holes
plus the first 37 holes released on March 19 2007 and June 11 2007 are
provided in the attached table.
    Uranium was targeted in a mineralized sedimentary horizon from surface to
approximately 40 metres vertical depth, across an area covering 1,100 metres
in strike and 250 metres in width. Drilling was performed on a grid of 25 or
50 metre spacing, on sections separated by 100 metres.
    Better results are included below with a full list of results presented
in the attached table 1.

    
             --------------------------------------------------
                Drill Hole    From     To     Width   U(3)O(8)
                               (m)     (m)     (m)      ppm
             --------------------------------------------------
                KRODD07027    80.0    91.0    11.0      267
             --------------------------------------------------
                KRODD07047    16.0    26.1    10.1      257
             --------------------------------------------------
                KRODD07045    48.0    57.0     9.0      271
             --------------------------------------------------
                KRODD07051    40.0    47.2     7.2      291
             --------------------------------------------------
                KRODD07053    42.9    49.0     6.1      310
             --------------------------------------------------
                KRODD07047    35.1    41.2     6.1      298
             --------------------------------------------------
                KRODD07049    49.0    58.0     9.0      200
             --------------------------------------------------
                KRODD07027    69.0    77.0     8.0      218
             --------------------------------------------------
                KRODD07050    14.7    19.7     5.0      289
             --------------------------------------------------
    

    Tasjo is a sedimentary uranium deposit where uranium mineralization is
associated with concretions of carbonate- fluorapatite, which constitute up to
20% of the rock. Mass balance calculations indicate that the uranium grade of
the fluorapatite is 0.16%. Significant rare earth element mineralization is
contained within the uranium bearing sequence, again associated with the
carbonate-fluorapatite. Drilled intersections range from 0.03% to 0.12%
combined REE and averaged 0.09% combined REE. The dominant REE at Tasjo are
yttrium (Y), cerium (Ce), neodymium (Nd), europium (Eu) and ytterbium (Yb).
    Mawson is exploring a 40 kilometre strike of the uranium-mineralized unit
in the Tasjo field. Based on 80 historic drill holes and the report,
"Geological Investigations in the Tasjo area in 1963 and 1964" (G. Armands,
Swedish Atomic Energy Company) it is estimated that 75 to 150 million tonnes
exist at Tasjo, with a grade range of 0.03% to 0.07% uranium oxide (U(3)O(8)),
0.11% to 0.24% REE and 3.75% to 7.5% phosphate (P(2)O(5)). Total contained
metal within the field is estimated to be between 104 to 116 million pounds of
U(3)O(8), 165,000 to 180,000 tonnes of REE and 5.63 million tonnes of
P(2)O(5). This exploration target estimate is based on the aforementioned
report. The potential quantity and grade is conceptual in nature, as there has
not been sufficient exploration to define the target at this time; and it is
uncertain that further exploration would result in the definition of a
resource. The magnitude of the exploration target was confirmed in a recent
independent NI43-101 technical report by Andrew Browne of Geosynthesis Pty
Ltd, the current qualified person at the Jabiluka uranium project in
Australia, after a review of Swedish Geological Survey documentation, a field
visit and check analysis of core samples.
    In addition, a ground electromagnetic (EM) survey has now been completed
over a 20-kilometre strike length at Tasjo, accurately mapping the
near-surface host rock to uranium mineralization. This data provides an
excellent new data set to assist in targeting future drilling programs.
    Further information regarding the Tasjo project and the current drilling
program may be found at
http://www.mawsonresources.com/index.php?page=ProjectsTasjo.
    Mr. Hudson stated: "These drill results, together with those from the
rest of the program, further expand the drilled out area of near-surface
uranium mineralization at Kronotorpet to over 1.1 kilometres. With the ground
electromagnetic geophysical survey now having mapped the uranium mineralized
horizon over 20 kilometres, we are well placed to continue with drill
delineating this extensive mineralized system."
    Uranium was analyzed by the ME-MS81u technique by ALS Chemex Ltd's
laboratory in Vancouver, Canada, where duplicates, repeats, blanks and known
standards were inserted according to standard industry practice. The qualified
person for the Tasjo 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.
    In other news the Company has also been granted further permission to
drill the Tasjo project over a 20 kilometre strike to the northeast and
southwest of the current drill area. At the Kldppibdcken uranium project,
receipt of drilling approvals was delayed by 6 weeks due to the summer break
in Sweden. Two drill rigs will be mobilized to the Kldppibdcken project once
approval has been given. This program is anticipated to begin in 6 weeks.

    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

    Investor Information

    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 Bvrse have reviewed the
information contained herein and, therefore, do not accept responsibility for
the adequacy or accuracy of this news release.

    
           Table 1 - Kronotorpet Drill Hole Final Results: Phase 1,
                          100ppm U(3)O(8) Lower Cut
    -------------------------------------------------------------------------
    Section  Drill Hole   From    To      Width   U(3)O(8)       Unit
                           (m)    (m)      (m)     ppm(1)
    -------------------------------------------------------------------------
      150E   KRODD06001                                  Host not intersected
    -------------------------------------------------------------------------
      150E   KRODD06002                                  Host not intersected
    -------------------------------------------------------------------------
      150E   KRODD06003    4.5    8.3      3.8      126      Lycophoria Host
    -------------------------------------------------------------------------
       50E   KRODD06004    3.2   12.2      9.0      287      Lycophoria Host
    -------------------------------------------------------------------------
                          35.1   40.2      5.1      259      Lycophoria Host
    -------------------------------------------------------------------------
       50E   KRODD06005    3.5    8.5      5.0      157      Lycophoria Host
    -------------------------------------------------------------------------
                          37.1   50.1     13.0      233      Lycophoria Host
    -------------------------------------------------------------------------
       50W   KRODD06006    2.0    5.0      3.0       15      Lycophoria Host
    -------------------------------------------------------------------------
                          25.5   30.4      4.9      232      Lycophoria Host
    -------------------------------------------------------------------------
       50W   KRODD06007                                  Host not intersected
    -------------------------------------------------------------------------
       50W   KRODD06008   31.8   35.2      3.4      225      Lycophoria Host
    -------------------------------------------------------------------------
       50W   KRODD06009    2.0    9.5      7.5      278      Lycophoria Host
    -------------------------------------------------------------------------
      150W   KRODD06010   18.0   24.7      6.7      198      Lycophoria Host
    -------------------------------------------------------------------------
      150W   KRODD06011    7.0   13.7      6.7      241      Lycophoria Host
    -------------------------------------------------------------------------
      150W   KRODD06012                                  Host not intersected
    -------------------------------------------------------------------------
      250W   KRODD06013   37.1   40.1      3.0      222      Lycophoria Host
    -------------------------------------------------------------------------
                          42.2   53.3      3.2      296      Lycophoria Host
    -------------------------------------------------------------------------
      250W   KRODD06014   13.9   18.9      5.0      219        Alum Shale
    -------------------------------------------------------------------------
                          24.8   26.4      1.6      327      Lycophoria Host
    -------------------------------------------------------------------------
      250W   KRODD06015    4.2   11.9      7.7      304      Lycophoria Host
    -------------------------------------------------------------------------
      350W   KRODD06016   25.5   27.5      2.0      209        Alum Shale
    -------------------------------------------------------------------------
      350W   KRODD06017   16.8   21.8      5.0      195        Alum Shale
    -------------------------------------------------------------------------
      350W   KRODD06018   37.5   39.5      2.0      169        Alum Shale
    -------------------------------------------------------------------------
                          42.3   45.7      3.4      324      Lycophoria Host
    -------------------------------------------------------------------------
      250W   KRODD06019   60.9   62.9      2.0      309      Lycophoria Host
    -------------------------------------------------------------------------
      150W   KRODD07020   38.9   45.9      7.0      252      Lycophoria Host
    -------------------------------------------------------------------------
       50W   KRODD07021                                  Host not intersected
    -------------------------------------------------------------------------
       50W   KRODD07022   55.6   61.7      6.1      262      Lycophoria Host
    -------------------------------------------------------------------------
             KRODD07022   74.8   79.8      5.0      304      Lycophoria Host
    -------------------------------------------------------------------------
      150E   KRODD07023   94.2   98.3      4.1      247      Lycophoria Host
    -------------------------------------------------------------------------
      150E   KRODD07024    9.7   14.7      5.0      277      Lycophoria Host
    -------------------------------------------------------------------------
       50E   KRODD07025   96.9  101.9      5.0      165        Alum Shale
    -------------------------------------------------------------------------
             KRODD07025  111.9  127.3     15.4      134        Alum Shale
    -------------------------------------------------------------------------
             KRODD07025   84.9  128.9     44.0      109        Alum Shale
    -------------------------------------------------------------------------
       50E   KRODD07026    5.5    9.5      4.0      263      Lycophoria Host
    -------------------------------------------------------------------------
      150W   KRODD07027   69.0   77.0      8.0      218              895
    -------------------------------------------------------------------------
             KRODD07027   80.0   91.0     11.0      267             1112
    -------------------------------------------------------------------------
      250W   KRODD07028   78.0   84.0      6.0      200      Lycophoria Host
    -------------------------------------------------------------------------
             KRODD07028   87.0   96.0      9.0      204      Lycophoria Host
    -------------------------------------------------------------------------
      250W   KRODD07029    3.0    7.0      4.0      194      Lycophoria Host
    -------------------------------------------------------------------------
      350W   KRODD07030    3.9    6.0      2.2      214      Lycophoria Host
    -------------------------------------------------------------------------
      350W   KRODD07031    7.3   12.0      4.7      229      Lycophoria Host
    -------------------------------------------------------------------------
      350W   KRODD07032   11.0   14.0      3.0      262      Lycophoria Host
    -------------------------------------------------------------------------
             KRODD07032   17.0   21.0      4.0      266      Lycophoria Host
    -------------------------------------------------------------------------
      350W   KRODD07033   10.0   11.0      1.0      200      Lycophoria Host
    -------------------------------------------------------------------------
      450W   KRODD07034    2.2    5.0      2.9      192      Lycophoria Host
    -------------------------------------------------------------------------
      450W   KRODD07035                                  Host not intersected
    -------------------------------------------------------------------------
      450W   KRODD07036   53.0   56.0      3.0      303      Lycophoria Host
    -------------------------------------------------------------------------
      550W   KRODD07037                                  Host not intersected
    -------------------------------------------------------------------------
      550W   KRODD07038    6.0    8.0      2.0      216      Lycophoria Host
    -------------------------------------------------------------------------
      450W   KRODD07039    5.1    6.0      0.9      183      Lycophoria Host
    -------------------------------------------------------------------------
      450W   KRODD07040   33.0   34.0      1.0      187      Lycophoria Host
    -------------------------------------------------------------------------
      450W   KRODD07041                                  Host not intersected
    -------------------------------------------------------------------------
      150W   KRODD07042                                  Host not intersected
    -------------------------------------------------------------------------
      250W   KRODD07043                                  Host not intersected
    -------------------------------------------------------------------------
       50E   KRODD07044                                  Host not intersected
    -------------------------------------------------------------------------
      250E   KRODD07045   38.0   40.0      2.0      207        Alum Shale
    -------------------------------------------------------------------------
      250E   KRODD07045   45.0   46.0      1.0      218      Lycophoria Host
    -------------------------------------------------------------------------
      250E   KRODD07045   48.0   57.0      9.0      271      Lycophoria Host
    -------------------------------------------------------------------------
      350E   KRODD07046    6.0    9.0      3.0      282      Lycophoria Host
    -------------------------------------------------------------------------
      250E   KRODD07047    5.0   10.1      5.1      180        Alum Shale
    -------------------------------------------------------------------------
      250E   KRODD07047   16.0   26.1     10.1      257      Lycophoria Host
    -------------------------------------------------------------------------
      250E   KRODD07047   35.1   41.2      6.1      298      Lycophoria Host
    -------------------------------------------------------------------------
      250E   KRODD07048                                  Host not intersected
    -------------------------------------------------------------------------
      350E   KRODD07049   49.0   58.0      9.0      200        Alum Shale
    -------------------------------------------------------------------------
      450E   KRODD07050    8.1   11.0      2.9      217        Alum Shale
    -------------------------------------------------------------------------
      450E   KRODD07050   14.7   19.7      5.0      289      Lycophoria Host
    -------------------------------------------------------------------------
      450E   KRODD07051   40.0   47.2      7.2      291      Lycophoria Host
    -------------------------------------------------------------------------
      550E   KRODD07052   19.0   21.0      2.0      228        Alum Shale
    -------------------------------------------------------------------------
      550E   KRODD07053   42.9   49.0      6.1      310      Lycophoria Host
    -------------------------------------------------------------------------
    





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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