Mawson Gold Limited announce it has drill intersected further high-grade gold at the Joki East prospect at the 100% owned Rajapalot Project in Finland. Joki East is located 1,600 metres north-east of the Raja resource area and is permitted for year-round drill access. PAL0245 returned 1.3 metres at 25.3 g/t gold from 177.1 metres, 0.5 metres at 23.0 g/t gold from 191.0 metres and 1.7 metres at 3.4 g/t gold from 194.8 metres; First observation of multiple levels of mineralization at Joki East; Encouraging thickness and continuity developing down plunge; PAL0245 was drilled 60 metres north west of PAL0241, the discovery hole at Joki East, that intersected 1.6 metres at 28.3 g/t gold from 168.6 metres (News Release 10 November, 2020) and 80 metres north west of PAL0242 returned 1.6 metres at 19.2 g/t gold from 155.0 metres (News Release 18 November, 2020) (Figure 1); First cobalt assays returned from Joki East, adding to previously released gold-only assays, show universal cobalt enrichment: PAL0241 intersected 1.6 metres at 28.3 g/t gold and 1,190ppm cobalt (29.2 g/t gold equivalent ("AuEQ")) from 168.6 metres; PAL0242 returned 1.6 metres at 19.2 g/t gold and 1,478ppm cobalt (20.3 g/t AuEQ) from 155.0 metres; A previously reported low-grade gold intersection in PAL0240, intersected significant cobalt 2.4 metres at 0.1 g/t gold and 1,187 ppm cobalt (1.0 g/t AuEQ) from 165.1 metres showing the continuity of he host package and mineral system outside gold-rich areas; A total of eight drill holes have been completed at Joki East. Visible gold has been identified in 4 of the 8 drill holes, including PAL0245 reported here and the visible gold-bearing drill hole PAL0247 yet to be reported. Holes drilled to date define a body of 50-60 metres across strike and 120 metres down plunge within a modelled electromagnetic ("EM") plate with dimensions of 300 metres by 140 metres. Mineralization remains open in all directions. The body plunges at 25 degrees to the NW, a similar trend to the mineralized bodies defined in the other resource areas at Rajapalot. Mineralization so far is thin, but high grade and appears to be thickening down plunge. Two drill holes are reported here for gold only assays (PAL0234, PAL0245), and 3 previously reported holes for gold are reported here with cobalt assays (PAL0240, PAL0241 and PAL0242). PAL0245 returned 1.3 metres at 25.3 g/t gold from 177.1 metres, including 0.9 metres at 36.6 g/t gold from 177.5 metres, 0.5 metres at 23.0 g/t gold from 191.0 metres and 1.7 metres at 3.4 g/t gold from 194.8 metres. PAL0245 was drilled 60 metres north west of PAL0241, the discovery hole at Joki East, that intersected 1.6 metres at 28.3 g/t gold from 168.6 metres (News Release 10 November, 2020) and 80 metres north west of PAL0242 returned 1.6 metres at 19.2 g/t gold from 155.0 metres (News Release 18 November, 2020) (Figure 1). PAL0243 also reported here drilled 32 metres north east of PAL0245 only intersected 0.5 metres at 2.1 g/t gold from 193.9 metres. One drill rig will return to Rajapalot in early December (awaiting initial freeze to solidify water-sodden tracks), with 3 further rigs to be mobilized in late December 2020-early January 2021. Further drill results will be released as they become available. Electromagnetic ("EM") geophysical surveys remain in progress, covering the entire 2 kilometre trend at Joki East and other prospective areas. The host rocks to the gold mineralization at Joki East are similar to mineralization observed 1.6 kilometres to the west at the Raja and Palokas resource areas, and comprise sulphides (pyrrhotite>>pyrite) with biotite-albite schists and Mg-Fe amphibole-biotite-chlorite rocks +/- scheelite. Veining and fracture fill minerals include pyrrhotite, pyrite and minor chalcopyrite (+/- quartz, visible gold). Retrograde chlorite after amphibole and vein-controlled chlorite-biotite are also present. Altered rocks enclosing the mineralized package contain locally minor talc.