Mawson Gold Limited to summarize drill results from the Company's 76 hole, 19,422 metre 2020/21 drill program at the Company's 100%-owned Rajapalot gold-cobalt project in Finland. Key Results: The soon to be released Rajapalot resource update will cover eight prospect areas (The Hut, Terry's Hammer, Rumajärvi, Palokas, South Palokas, Raja, Uusisaari and Joki E). The 2020/21 drill program has led to the discovery of two new gold-cobalt zones, delineated significant extensions to four more prospects with defined resources and added two further prospects suitable for wireframing and resource estimation; Approximately 80% of the Rajapalot area, or 20 kilometres of mineralization-host package remains untested by drilling. Rajapalot forms a smaller part of Mawson's larger 100 square kilometre Rompas-Rajapalot Finnish project area owned 100% by Mawson. Key results from the program include: Drill delineation of coherent gold-cobalt zones at the Hut and Joki East, which are located 500 metres and 1,500 metres respectively from the closest Inferred Mineral resource areas. Joki East is a blind discovery from 150 metres depth made by Mawson this drill season. Mineralization is thin but very high grade and extends over 225 metres down-plunge and 30-40 metres across strike. The mineralization is in an all-season drill area and remains open up- and down-plunge. Mise-a-la-masse geophysics undertaken at Joki East has confirmed the shape and extent of the sulphidic gold-bearing body up plunge and demonstrated that mineralization shows good connectivity between drill holes. Key results included PAL0241 which intersected 1.6 metres @ 28.3 g/t gold (‘Au’) and 1,190 ppm cobalt (‘Co’), 29.2 g/t gold equivalent (‘AuEq’) from 168.6 metres; At the Hut, a new discovery delivered the thickest mineralized zone drilled to date at Rajapalot with PAL0259 intersecting 70.3 metres @ 0.9 g/t Au, 828 ppm Co, 1.6 g/t AuEq from 95.8 metres (no lower cut-off applied). Follow up drilling included 3.6 metres @ 7.4 g/t Au, 2,290 ppm Co, 9.4 g/t AuEq from 207.7 metres in PAL0301; At South Palokas significant extensions of mineralization were discovered, with intersections drilled 290 metres down-plunge. Mineralization remains open. Highlights included: PAL0235 intersected 15.3 metres @ 3.0 g/t Au, 998 ppm Co, 3.9 g/t AuEq from 439.5 metres; PAL0303 was drilled 120 metres down-plunge from PAL0235 and intersected 30.8 metres @ 3.9 g/t Au, 1,403 ppm Co, 5.1 g/t AuEq from 553.2 metres. At the Raja project shallow holes drilled on a 90-metre-wide cross section were targeted to test an undrilled area. These results more than double the grade and thickness of the shallow parts of the Raja prospect. Highlights included: Drill hole PAL0297 intersected 20.7 metres @ 7.4 g/t Au, 111 ppm Co, 7.5 g/t AuEq from 74.0 metres; Drill hole PAL0295 intersected 15.7 metres @ 3.8 g/t Au, 783 ppm Co, 4.5 g/t AuEq from 53.3 metres; Early stage drilling also defined new high-grade gold-cobalt intersections with electromagnetic conductors that will provide a large upside for increasing the resource base in future drill campaigns. At Terry's Hammer prospect PAL0273 intersected 9.3 metres @ 1.5 g/t Au, 422 ppm Co, 1.9 g/t AuEq from 14.6 metres; At the Rumajärvi prospect PAL0258 intersected 3.0 metres @ 8.3 g/t Au, 283 ppm Co, 8.6 g/t AuEq from 66.9 metres and PAL0267 intersected 27.5 metres @ 0.7 g/t Au, 443 ppm Co, 1.0 g/t AuEq from 30.3 metres. Joki East is a blind discovery from 150 metres depth made by Mawson this drill season. Mineralization is thin but very high grade and extends over 225 metres down-plunge and 30-40 metres across strike. The mineralization is in all-season drill area and remains open and untested up- and down-plunge. Mise-a-la-masse geophysics undertaken at Joki East has confirmed the shape and extent of the sulphidic gold-bearing body up plunge and demonstrated that mineralization shows good connectivity between drill holes. Key results included: PAL0241 intersected 1.6 metres @ 28.3 g/t Au and 1,190ppm Co, 29.2 g/t AuEq from 168.6 metres; PAL0242 returned 1.6 metres @ 19.2 g/t Au and 1,478ppm Co, 20.3 g/t AuEq from 155.0 metres; PAL0245 intersected 1.3 metres @ 25.3 g/t Au and 2,327 ppm Co, 26.9 g/t AuEq from 177.1 metres, including 0.9 metres @ 36.6 g/t Au and 2,539 ppm Co, 38.3 g/t AuEq from 177.5 metres, 0.5 metres @ 23.0 g/t Au and 3,974 ppm Co, 25.8 g/t AuEq from 191.0 metres and 2.1 metres @ 2.8 g/t Au and 806 ppm Co, 3.3 g/t AuEq from 194.8 metres; PAL0246 returned 0.6 metres @ 10.3 g/t Au and 725ppm Co, 10.8 g/t AuEq from 188.6 metres, 1.0 metre @ 3.2 g/t Au and 766 ppm Co, 3.8 g/t AuEq) from 208.6 metres and 1.1 metres @ 0.6 g/t Au and 1,156 ppm Co, 1.4 g/t AuEq from 211.2 metres; PAL0247 is the deepest hole at Joki East with encouraging thickness and continuity of grade developing down- plunge returned 5.5 metres @ 6.9 g/t Au and 732 ppm Co, 7.4 g/t AuEq from 220.9 metres including 1.0 metre @ 25.4 g/t Au and 617 ppm Co, 25.8 g/t AuEq from 223.8 metres: Drill hole PAL0252 intersected 1.5 metres @ 18.1 g/t Au, 1,696 ppm Co, 19.6 g/t AuEq from 117.0 metres.