Maruwa Share Discussion Threads

[holdontightuk] 18/7/2006 20:51

I e-mailed the company on Sunday about their pamphlet and its accuracy in relation to this report. I have had no response. I am going to e-mail again tonorrow and if no response by end of this week, I am OUT. The more I see the MORE I realise they are HYPE driven.

[csmyth] 16/7/2006 08:52

14m is the indicated and inferred resource. The tasjo 115m lb project is an exploration target for 43101 purposes. But it has 100+ drill holes in it and can easily be hung together as a resource. The number is not rubbish. The issue is that the project is massive and the area it covers very large so more drilling is necessary to bring it into the inferred category. But this will happen shortly. Frankly MAW looks pretty interesting right now in my book.

[holdontightuk] 15/7/2006 14:29

Very disappointing. This has suddenly become a hype stock, it seems.

[energyi] 12/7/2006 16:44

"Mawson with over 120m lbs of uranium."

14million announced today, to a decent reaction
But, Where are the rest?

[csmyth] 12/7/2006 05:11

HOT - no it didnt! But there is a fair bit of interest around on the stock and I think it will firm up. Remember the last financing was done at 1.15 and RAB just added 300k under $1 so I think the sellers will get cleaned out soon.

[holdontightuk] 12/7/2006 00:03

csmyth - 12 Jun'06 - 11:41 - 43 of 45

43101 reports are out in 2-4 weeks. I would expect the stock to start firming up in anticipation of these as the analysts will then see Mawson with over 120m lbs of uranium.

Didnt quite happen that way did it!

Dear Investors, Brokers and Friends:

I am pleased to announce that a NI43-101 technical report on three uranium
properties has been prepared by Andrew Browne of GeoSynthesis Pty Ltd, who
has 35 years resource experience within the uranium industry. He was team
leader during the discovery of the Ranger 68 uranium deposit and is the
current Qualified Person for the reserves at the Jabiluka uranium project,
owned by Energy Resources of Australia Ltd (ERA). The technical report will
soon be available on SEDAR.

The main findings of the report are:
* The Kläppibäcken project contains 2.0 million pounds of uranium
oxide in an indicated category as per CIM guidelines. This estimate is
regarded as a minimum, since the mineralization is still open laterally and
at depth.
* The Duobblon project contains 11.6 million pounds of uranium oxide
in an inferred category as per CIM guidelines.
* The magnitude of the exploration target at Tåsjö has been confirmed.
* The proposed total budget for the three uranium projects over the
next 18 months exceeds CAD$2,000,000.

Below you will find today's press release with further information.

Regards,

Michael Hudson
President & CEO

NEWS RELEASE ● JULY 11, 2006

MAWSON RESOURCES NI43-101 TECHNICAL REPORT CONFIRMS URANIUM RESOURCES IN
SWEDEN

Vancouver, Canada – Mawson Resources Limited ("Mawson" and/or the "Company")
TSXv – MAW; Frankfurt – MRY. Mr Michael Hudson, President & CEO, is pleased
to announce that a NI43-101 technical report on three uranium properties has
been prepared and will soon be available on SEDAR. The main findings of the
report are the Kläppibäcken project contains 2.0 million pounds of uranium
oxide in an indicated category and the Duobblon project contains 11.6
million pounds of uranium oxide in an inferred category as per CIM
guidelines. In addition, the magnitude of the exploration target at Tåsjö
has been confirmed. The estimate at Kläppibäcken is regarded as a minimum,
since the mineralization is still open laterally and at depth. The proposed
total budget for the three uranium projects over the next 18 months exceeds
CAD$2,000,000.

The independent qualified person authoring the report is Andrew Browne of
GeoSynthesis Pty Ltd, who has 35 years resource experience within the
uranium industry. He was team leader during the discovery of the Ranger 68
uranium deposit and is the current Qualified Person for the reserves at the
Jabiluka uranium project, owned by Energy Resources of Australia Ltd (ERA)
and located in the Northern Territory of Australia. Mr. Browne visited
Sweden in early May to conduct his due diligence on the projects.

Mawson is the 100% owner of three advanced uranium exploration areas in
Sweden, two of which contain drilled uranium deposits, and one containing a
partially-drilled uranium occurrence. The projects are named Kläppibäcken
(209 hectares granted and 7,555 hectares under application, totalling 7,764
hectares), Duobblon (5,169 hectares), and Tåsjö (17,563 hectares), together
covering 30,496 hectares.

All of these exploration licenses lie within the northern half of Sweden,
south of the Arctic Circle, and along the Caledonide mountain front just
east of the border with Norway. Kläppibäcken is accessible from a power
line access track, Duobblon via two wheel drive forestry roads and Tåsjö via
major paved roads.

Kläppibäcken

Kläppibäcken is part of the intrusive-related uranium deposit spectrum. The
uranium mineralization occurs in a cataclastic to brecciated granite which
is generally strongly enriched in fluorite. The fluorite content increases
with the degree of brecciation, and is generally highest in the central
parts of the mineralisation. The width of mineralisation is generally
greater than 30m, and locally up to 50m or more. The historical drilling
has shown that mineralisation exists to greater than 150m below the surface,
at least 150m along strike, and remains open both at depth and along strike.

Historical resource estimates were completed at Kläppibäcken by the
Exploration Division of the Swedish Geological Survey ("SGAB") in 1984,
using XRF and NAA analytical data separately and using two separate cut-off
grades. Thirty-two drill holes for 3,951m were completed and drilling was
carried out within an area approximately 150m by 200m, along a total of 6
drilling sections, with a distance of 25m between sections. The distance
between holes in the same section was generally 25m. The ore resource
estimation was completed using SGAB's in-house computer program, based on a
polygonal sectional technique.

Following a review of the SGU documentation and the auditing of the
calculation methodology, GeoSynthesis concludes that the historical SGU
estimates at Kläppibäcken should be classified as Indicated Resources as per
CIM guidelines, on the basis of the close density of drilling, checked
composited grades and inter-hole continuity. Using a 300ppm uranium lower
cut-off the indicated resource at Kläppibäcken is:

* 929,756 tonnes at 0.10% U3O8 for 897 tonnes (2.0 Mlbs) of uranium
oxide (U3O8)

These estimates are regarded as a minimum, since the mineralization
is still open laterally and at depth.

Duobblon

Duobblon is part of the acid volcanic-related uranium deposit
spectrum, hosted within a locally developed, shallowly dipping suite of
sedimentary and pyroclastic lithologies. Mineralization extends from 3m
below surface to at least 300m vertical depth. The host ignimbrite sequence
is approximately 60m thick and is known over a strike length in excess of 5
kilometres. The richest uranium concentrations occur as several 5-25m thick
and 1,000m long horizons within the ignimbrite. Uranium occurs as fine
pitchblende disseminations, as complex uranotitanates in association with
Fe-Ti-Mn oxides and as molecular coatings associated with the sericite
matrix.

Drilling was completed between 1976 to 1979 within a 200m by 100m
drilling pattern by the Swedish Geological Survey ("SGU") along twenty-three
sections spaced approximately 200m apart over 6000m of east-west strike. In
total 55 drill holes for 10,316m of core were completed at Duobblon. The
deposit was divided into three zones – western, central, and eastern. The
central zone comprises the resource area and has a strike extent of
approximately 1,000m which was tested by 35 drill holes containing 7,346m
within twelve, 200m spaced cross sections. Hole spacing along the sections
was approximately 100m. Uranium block grades were estimated as metre-%
within each mineralised zone in the sections, utilizing a minimum 0.01
metre-% uranium grade-thickness. The main limitation with this technique is
that a high grade thin zone has the same average as a thick low grade zone.
The ore resource estimation was completed using a polygonal sectional
technique based on planimetry.

GeoSynthesis concludes that, following this review of the SGU
historical resource estimate completed at Duobblon by the SGU in 1979 and
the auditing of the calculation methodology, that the following historical
SGU estimates at Duobblon should be classified as Inferred Resources as per
CIM guidelines, on the bases of the geological continuity, wider density of
drilling, checked grades and inter-hole continuity:

* 16.271 million tonnes at 0.0342% U3O8 for 5266 tonnes (11.6 Mlbs) of
uranium oxide

Over 70% of this occurs within three of the cross-sections, one of which has
an average uranium content of 0.051% U3O8.

Tåsjö

Tåsjö is part of the sedimentary uranium deposit spectrum. Uranium
mineralisation associated with phosphate concentrations are known globally,
although the Tåsjö deposit is perhaps the oldest known to date, being
Cambro-Ordovician.

At Tåsjö, the 83 drillholes that have been drilled into Mawson's project
over an area of approximately 10 kilometres by 20 kilometres do not provide
sufficient density of data for the calculation of a NI43-101 compliant
resource. However, the uranium mineralized horizon has been drill
intersected over a large area. Uranium mineralization is associated with
concretions of the apatite mineral carbonate-fluorapatite, which constitutes
up to 20% of the rock. Mass balance calculations indicate that the uranium
grade of the apatite is 0.16%, while the grade of the host Lycophoria Schist
ranges between 0.03 - 0.07% U3O8 and 0.11 - 0.24% rare earth metals. The
combination of rare earth metals has been confirmed by check sampling.

G. Armands (1964) of the Swedish Atomic Energy Agency estimated that 75 to
150 million tonnes exist within the Tåsjö field at a grade between 0.03 -
0.07% U3O8, 0.11 - 0.24% REE, and 3.75 - 7.5% P2O5 as detailed in his report
"Geological Investigations in the Tåsjö area in 1963 and 1964". His
estimate of the total contained metal of the field was 104 - 116 million
pounds of U3O8 plus 165,000-180,000 tonnes of REE and 5.63 million tonnes of
P2O5. Following a review of the SGU documentation, a field visit and check
analysis of core samples, GeoSynthesis confirms the scale of the conceptual
exploration target estimate. The potential quantity and grade indicated is
conceptual in nature, there has been insufficient exploration to define the
target at this time and it is uncertain that further exploration will result
in the definition of a resource.

The independent qualified person for Mawson's Swedish uranium projects and
author of the NI43-101 technical report is Andrew Browne. Mr. Browne is a
Fellow of the Australasian Institute of Mining and Metallurgy and has
reviewed and verified the contents of this release.

On behalf of the Board,


"Michael Hudson"
Michael Hudson, President & CEO

Investor Information
www.mawsonresources.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Email: [e-mail]
Company Contact: Mariana Bermudez [phone]
Investor Relation Consultants: Mining Interactive Nick Nicolaas (604) 657
4058, Wayne Melvin [phone]

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

[csmyth] 19/6/2006 01:55

Resource Stocks covered MAW today:



Sizable Uranium Prospects, With Gold as a Backup

By Stephen Clayson
18 Jun 2006 at 06:48 PM EDT

LONDON (ResourceInvestor.com) -- Mawson Resources [TSXv:MAW] is hoping that its collection of uranium projects in Sweden will become a lot more valuable as the political mood in the Scandinavian country changes to become more favourable towards uranium mining.

Mawson's CEO Michael Hudson is confident that this political shift will happen at some point, and if it does, then it would be in line with the general current of things in Europe right now. A growing number of people are realising that purblind opposition to nuclear power is not the way forward, and a move in this direction on Sweden's part could see Mawson with a potential mine on its hands.

In the meantime, Mawson is aiming to establish 43-101 compliant resources on its most advanced uranium properties, which is clearly a wise move if it wants the assets to be given their due credit by the market.

The company's uranium projects number 8 in total, with perhaps the most exciting being Tasjo, where the company is targeting a uranium resource containing between 104 and 116 million pounds of uranium oxide, plus significant quantities of rare earth metals. An exploitable resource of this size would be quite a prize. Also particularly notable is the Flistjarn project, where sampling has returned bonanza uranium grades of up to 19.1% uranium oxide.

A little known fact is that Sweden contains a significant portion of the world's uranium deposits, possibly as much as around 15%. A stable political climate and proximity to major sources of uranium demand in the form of Europe's array of nuclear power stations are also plus points.

Given that many of Europe's ageing nuclear stations, including those in Sweden, will require replacement in the not too distant future, then significant European demand for uranium seems very likely.

The sourcing of uranium within the European Union, as Sweden is, might also play well at high levels in Brussels, as production could then be tightly regulated and monitored, thus combating any public concerns, however unrealistic these may be, about the proliferation of nuclear materials.

Mawson's gold position centres on an emerging Swedish gold district, Skellefte, which already contains one producing mine and a number of other projects. The company has claimed 76,000 hectares of ground, and is excited about the regional geology.

Altogether, Mawson is holding or has the right to earn into fourteen gold projects. Six of the projects are seen by Mawson as especially promising on the basis of drilling or surface sampling. Attention grabbing results include an intersection of 14 metres grading 19.8 g/t at the Vargbacken project, and an intersection of 29 metres grading 1.37 g/t at the Middagsberget project. Further drilling is to take place on a number of projects, and a 43-101 compliant resource is under calculation for Vargbacken with a figure expected this month.

Mawson has a joint venture agreement in place with First Fortune Investments [TSXv: FRF] that will see First Fortune spend CAD$2.5m earning into up to 70% of any discovery made through the exploration of eight of Mawson's lower priority gold projects, allowing Mawson to concentrate its expenditure on its uranium projects and on those gold projects, such as Vargbacken, that remain outside the joint venture.

Conclusion

Overall, Mawson is an early stage proposition, but with a good assortment of projects and a committed outfit behind them, there is a good chance that at least one project could come to fruition, and the twinning of gold and uranium helps defray the risk that afflicts the latter given its political sensitivity. Sweden is an established gold and base metal mining nation, and if the political shift in favour of uranium that Mawson is anticipating occurs, then the company will be in an enviable position.

[csmyth] 12/6/2006 11:41

43101 reports are out in 2-4 weeks. I would expect the stock to start firming up in anticipation of these as the analysts will then see Mawson with over 120m lbs of uranium.

[holdontightuk] 16/5/2006 22:27

topped up on these yesterday and again today.

[holdontightuk] 15/5/2006 20:17

somewhat volatile this one.

[energyi] 11/5/2006 09:41

(From Stkhse.)

SUBJECT: RE: News! Posted By: mininginvestr
Post Time: 5/4/2006 23:30

There is only one reason why CZQ is $4 and MAW is $1.50 - Dines wrote up CZQ in his last report and they have been promoting like crazy on the back of it. Dines is aware of Mawson and I have no doubt that he will be watching the lower valuation of its higher grading projects compared to CZQ. Most of their stuff is not economic, and the MMS is extremely low grade, almost down to trace level. Anyone that thinks the MMS will be mined is dreaming. Tasjo (MAW) is about the minimum uranium grade you need for a project to work, and it has the rare earth credits which really bulk up the metal value. I will take Tasjo over MMS any day.

MAW also has the higher grading properties and uranium specialists. That financing brought in some serious hitters - I think it wont be long before the stock pops.

2/
SUBJECT: Hey there MI Posted By: BAMitchell
Post Time: 5/7/2006 15:14

I see that Sierra finaly covered his short position and has given up trying to drive down the price. Not that anyone could drive the price by posting on SH. Waste of time IMHO.
The chart looks good and I think the PP is a positive. If chart theory holds MAW should go up in price.
PM me reguarding Dines. He will not write up a company until he takes down a PP or some cheap paper. I have seen nothing that indicates that he has done so.

take care

BAM

[energyi] 11/5/2006 09:13

$2.00 BARRIER could tumble today...

Franfurt :
1,41 EUR +0,06 +4,44% 1,41 x1.28 /0.9079 = C$1.99

[energyi] 10/5/2006 22:13

Done.
Breakout today- and Volume in Canada was HEAVY!

[csmyth] 10/5/2006 13:03

hey Energyi can you alter the header to include the Frankfurt listing as there is plenty of trading going on over there

[energyi] 05/5/2006 16:32

SUBJECT: Important change to Swedish nuclear politics Posted By: mininginvestr
Post Time: 5/4/2006 06:01

This could be the start of something big - very similar to the change in stance by the Australian political parties to uranium mining:



Liberals back nuclear power
Published: 3rd May 2006 13:21 CET

Sweden's Liberal party presented its own pre-election budget proposals on Wednesday, highlighting a number of remaining differences of opinion within the conservative Alliance.

The Liberals are holding firm on their demand for a rise in the top level of sick pay in 2008 and have called for further development of nuclear power.

Related Articles


"Yes, we still have problems," said party leader Lars Leijonborg, acknowledging differences of opinion with the other three Alliance members.

While there appear to be possible compromises on tax and benefits, such as the Liberals' proposal to reduce property tax in 2007 by 4.3 billion kronor, the four parties are far from united on when it comes to energy.

"Reality is our best friend - everything indicates that nuclear power should be used more," said Leijonborg.

Another proposal from the Liberals which is lacking support among the rest of the Alliance is to give a billion kronor to a "Nobel university" to raise a Swedish university to the top of world rankings.

The party also wants greater investment in integration policies and an equality bonus in parental benefits.

According to the Liberals, their budget proposals would save 7.6 billion kronor in 2007 and 5.5 billion kronor in 2008 compared to the government's own budget.

[holdontightuk] 01/5/2006 20:25

Looks to be trying to make that break.....I topped up with a few today.

SUBJECT: Uranium projects in Sweden - what a chance!!! Posted By: holmeshawk28
Post Time: 4/30/2006 08:03
« Previous Message Next Message »

Mawson runs a lot of very good Uranium projects in Sweden - but at the moment they aren´t allowed to exploit them. But there seems to be a political swing ahead - the high oil and gas prices do make that possible. Sweden needs to be independent in the future. The dependence on rising prices of different energy sources is a real problem - at last in many European countries. The Uranium price creates just 5% of the costs of nuclear power plants. So if there is a souring Uranium price, the costs of running nuclear power plants will react moderately. Think about other energy resources - a strongly rising price will have a greater effect on producing energy.
So, apart from the excellent Gold projects (the drilling results will come out in less than two weeks due to the schedule) there are superior Uranium projects. If there ist an chance to exploit them, the stock will mutiply (just my opinion).


Regarding a question the shareholder potential of the Uranium projects, Michael Hudson (CEO) wrote me the following:

Dear Mr XXX,

Thank you for your interest in Mawson.

More details regarding the Company's approach to uranium exploration and
mining in Sweden can be found at
and under the
index on the Mawson website Investors>>Uranium Industry Information.

European uranium consumption is set for a dramatic increase and the EU
strongly supports domestic production (for all resources). Sweden is the
only country in the EU with significant uranium resources (with a value in
the order of Norway's North Sea oil), placing the country in an enviable
position with regard to future supply. Across the border in Finland, the
world's largest nuclear reactor, and Europe's fist for 15 years is under
construction at Olkiluoto 3.

Sweden is well embedded in the nuclear cycle, with 50% coming from 10
nuclear power plants. All but four rivers in the country have been dammed,
there isn't much in the way of sun or wind or even tidal movements, so they
really have no option but to continue their investment in the nuclear
industry. Sweden is a world leader in nuclear efficiency research and in
disposal of nuclear waste which all occurs in-country.

The closure of one nuclear reactor last year after a 1980 referendum to
phase out nuclear power by 2007 (now extended to 2010!) lead to an immediate
5% increase in greenhouse gas emissions for the Country due to coal power
substituted from Poland. Sweden is a signatory to the Kyoto protocol.
Since then the government has committed 32 billion Kronor over the next 5
years to investment in the existing nuclear infrastructure (modernization
and upgrading). The increased production capacity will exceed that of two
mid-size reactors!

However, you are correct that the current government in Sweden does not
favour uranium mining. There is, however, an election in September 2006 and
uranium policy is well and truly on the agenda. Mawson has received
significant main stream Swedish media coverage over the last 4 months as a
result of the current interest in energy self-sufficiency in Sweden. One of
the main opposition parties (the Center Party) has expressed a positive view
of about nuclear power, whilst opinion polls show 70-80% acceptance that
nuclear power is the way forward. Progress is being made with changes such
as the removal of the "thought ban" on nuclear research over the last 5
months after a 26 year hiatus. This debate and change has been "fuelled" by
the country's poor resource security; by the gas supply (or failure to
supply) issues from Russia; and by the backlash after the recent public
exposure that Sweden purchases a large percentage of its uranium from
Kazakhstan, where mining is less regulated. Sweden has a strong social
conscience, and they do not generally shift such problems off-shore. I
personally feel most encouraged by the support that Mawson has been shown by
industry associations and the Swedish Mining Inspectorate who are in strong
support of Mawson's uranium exploration strategy.

There is little doubt that all uranium projects come with political risk -
for example, Laramide Resources, with a market cap. of CDN$250 million vs.
Mawson market cap CDN$30 million which operates the Westmoreland project in
the state of Queensland in Australia where the local state government has
made a strong stance against uranium mining. Mawson Resources is one of
many companies exploring for uranium in Sweden. I direct you to the recent
interest in Continental Precious Minerals (CZQ) on the Tax exchange
(www.continentalprecious.com ).

With the significant projects Mawson hold, the NI43-101 process we are
currently going through to confirm the historic data and the "winds of
change" that are upon Europe in general and Sweden in particular, I believe
that the Company provides a compelling energy story. The Company will
continue to add value its uranium and gold portfolio and watches the global
debate with interest. Mines take a lot longer time to discover, delineate,
permit and open than political opinion takes to swing.

Please do not hesitate to contact me again if you have any additional
questions.

Regards

Michael Hudson

President & CEO
www.mawsonresources.com

[holdontightuk] 24/4/2006 23:14

hardly a raving buy then!

[energyi] 17/4/2006 06:39

$2.20 looks like a good target to me

[csmyth] 11/4/2006 06:30

That chart says one thing to me energyi - BREAKOUT IMMINENT

I think that MAW can reach $2 in the next few weeks.

[energyi] 10/4/2006 11:57

(Here is what Steve Saville says):

Mawson Resources (TSXV: MAW), a company focused on exploring for uranium and gold in Sweden.

MAW's primary focus is on uranium and the company has several prospective uranium projects in Sweden. The company reports a POTENTIAL resource, based on historical data, of 130M pounds of uranium oxide (U3O8) across three of its projects. Here's the breakdown:

- Tasjo: 116M pounds
- Duobblon: 11.6M pounds
- Klappibacken: 2M pounds

None of the above resource estimates currently meet NI 43-101 requirements so they should not be relied upon for valuation purposes. They are, however, based on extensive exploration work carried out in the past. The resource potential estimated for the Tasjo project, for example, is based on the results of 190 drill holes.

The main reason we are going to add MAW to the TSI Stocks List at this early stage of development is that the company's market valuation is low enough that it will be a value proposition even if the actual resource proves to be only one-quarter the current 'guesstimate'. To be specific, MAW's current market cap is US$26M (26M shares at C$1.16/share), so if the resource turns out to be only 30M pounds of U3O8 then MAW would still be trading at less than US$1 per pound of in-ground uranium. This is much lower than most exploration-stage uranium companies.

Another reason to be adding MAW to the Stocks List at this time -- in the face of considerable general market risk -- is that the stock does not look risky from a technical perspective. As evidenced by the following chart, MAW rocketed higher between the beginning of November and the middle of January but has since been consolidating. It has retraced about 50% of its spectacular run-up and has strong support within 15% of Friday's closing price. Barring a total collapse in the resource sector of the stock market, a drop back to support at around C$1.00 probably describes the maximum downside potential over the next few months.

In our opinion, the two main risks associated with MAW are:

1. Geological: At this early stage we can't be confident that the quantity or quality of the resource will be sufficient to enable uranium to be profitably mined.

2. Political: Sweden's current government does not favour uranium mining.

Taking into account the opportunities and the risks, we think MAW is a reasonable speculation within 10% of Friday's closing price (C$1.16).

[garrymorrow] 07/4/2006 10:06

E. I am keen on this.. The Swedes have allowed uranium exploration and they have radically altered their position on nuclear power stations. However they may not be so keen on extraction of uranium on their own turf. Other than this concern I see Mawson Res as a great share.



garry

[energyi] 07/4/2006 07:59

PARTNER TO SPEND CDN$2.5 MILLION ON MAWSON¡¦S REGIONAL GOLD PROPERTIES

Vancouver, Canada ¡V Mawson Resources Limited (¡§Mawson¡¨) TSXv ¡V MAW; Frankfurt ¡V MRY. Mr Michael Hudson, President & CEO, is pleased to announce that Mawson, through its 100% subsidiary Mawson Sweden AB, has signed a Letter of Understanding (LOU) with TSX Venture Exchange listed company First Fortune Investments Inc (¡§First Fortune¡¨) to establish a Joint Venture to explore part of Mawson¡¦s extensive claim portfolio in the Skellefte Mining District of Northern Sweden. The Joint Venture covers 53,197 hectares within eight individual exploration claims.

A summary of the LOU terms follows:
• First Fortune has the right to earn 70% of all discoveries made on the Joint Venture claims;
• As consideration, First Fortune commits to CAD$2.5 million exploration expenditure over 4 years with minimum expenditure of CAD$0.3 million in both years one and two.
• Once First Fortune has earned its 70% interest both parties must contribute according to their equity interests to advance the properties.
• If either party elects not to contribute, then standard industry dilution formulas will apply down to a 5%
interest at which point the interest would convert to 2% net smelter royalty.
• Mawson will act as manager of the exploration program.
Mr Hudson comments, ¡§The proposed joint venture over eight regional gold projects is a significant step forward for Mawson. The Company can now more rapidly advance its substantial uranium portfolio, together with the Vargbäcken- Middagsberget gold project. The deal also allows Mawson to take full advantage of new exploration opportunities.

Through joint ventures, over the next four years, Mawson has secured commitments in excess of CDN$1 million per year from third parties to earn equity in the Company¡¦s non-core mineral assets in Sweden. This sharing of risk provides Mawson with exposure to additional exploration funding and greatly increases the chance of participating in a major discovery. We welcome First Fortune into Scandinavia and look forward to a long and successful relationship with our new joint venture partner.¡¨

[energyi] 06/4/2006 06:58

why not? once the pp at $1.15 is done, uppward action is clearly possible,
and i dare say likely

[mikkydhu] 04/4/2006 14:02

e, I suspect because the MAW chart at the moment resembles the one you've just posted right before it took off. In other words, you're predicting a similar mega rise for Mawson.