Mawson stakes the Prastrun uranium-niobium-tantalum prospect in Sweden

    VANCOUVER, Jan. 28 /CNW/ - Mawson Resources Limited ("Mawson") TSXv
- MAW; Frankfurt - MRY. Michael Hudson, President & CEO, announces that the
Company has staked the Prastrun uranium-niobium-tantalum prospect in Northern
Sweden. Prastrun is located 20 kilometres south of the Company's Klappibacken
uranium project in the county of Jamtland in central Sweden and is contained
within the 100% owned, 1,597 hectare Prastrun nr 2 permit application.
    Mineralization at Prastrun was discovered during the ground follow up of
airborne radiometric anomalies in 1978. Geological mapping, peat geochemistry,
ground geophysics and detailed ground radiometric measurements were completed
by the Swedish Geological Survey in the late 1970's.
    Three linear outcrops of mineralized rock have been discovered over a
1400 metre strike length at Prastrun, the remainder of the prospect being
covered by a thin (2-4 metre thick) veneer of glacial till. The
north-westernmost outcrop is approximately 20 metres by 30 metres in size,
whilst two smaller outcrops are exposed 700 metres and 1400 metres away to the
south-east. Exploration on strike between the mineralized outcrops has shown
anomalously high radioactivity at up to 8 times background. Two outcrop
samples from historic work on the most south-eastern outcrop returned 0.07%
and 0.57% of niobium oxide, trace and 0.03% tantalum and 0.01% and 0.12%
uranium oxide. No drilling has been completed at the prospect.
    Mineralization is present as betafite, a uranium-niobium-tantalum mineral
and the target zone is hosted in alkali syenite gneiss or nepheline syenite
gneiss within the Seve nappe of the Caledonian tectonic zone. Niobium's main
use is as an additive to steel that increases it's tensile strength. Two
percent niobium added to steel triples its PSI strength.
    Mr Hudson states: "The Prastrun project is located close to the
Klappibacken uranium project where Mawson has two drill rigs currently
operating. We are encouraged by the initial grades of uranium sampled from
three outcrops over an undrilled 1,400 metres. Together with the significant
credits of niobium and tantalum, Prastrun represents another quality project
for Mawson's expanding portfolio. Compilation of past work will commence
immediately and ground work will commence when the snow melts in April."
    The qualified person for the Prastrun 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. 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:,
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:

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