Ms. Sue Bjuro reports

SENTIENT IV ACQUIRES COMMON SHARES OF MAWSON RESOURCES LIMITED

Sentient Executive GP IV Ltd. has acquired control over a total of 82,000 common shares of Mawson Resources Ltd. on Dec. 14, 15 and 16, 2011, representing approximately 0.16 per cent of the outstanding common shares of Mawson. The purchased shares, together with common shares acquired since Sept. 30, 2011, represent an increase of approximately 2.06 per cent. Sentient IV is a related entity of Sentient III, an insider of Mawson, which may be considered as acting jointly or in concert with Sentient III under relevant securities laws.

Sentient III has control or direction over 5,402,300 common shares of Mawson representing approximately 2.5 million non-transferable common share purchase warrant of Mawson. Each Mawson warrant entitles the holder thereof to acquire a common share of Mawson at $1.20 per share. The Mawson warrants are exercisable until Oct. 25, 2012.

In the event all of the 2.5 million Mawson warrants are fully exercised, Sentient III would acquire control over a maximum of 7,902,300 common shares of Mawson (including the 5,402,300 common shares of Mawson over which Sentient III has control or direction). These combined holdings would represent approximately 14.58 per cent of the outstanding common shares of Mawson, calculated on a partially diluted basis assuming the full exercise of the 2.5 million Mawson warrants only.

Sentient IV has control or direction over 4,517,900 common shares of Mawson, representing approximately 8.74 per cent of the outstanding common shares of Mawson.

Sentient III and Sentient IV have control or direction over 9.92 million common shares of Mawson, representing approximately 19.2 per cent of the outstanding common shares of Mawson, and 2.5 million Mawson warrants. In the event all of the 2.5 million Mawson warrants are fully exercised, these combined holdings would represent approximately 22.92 per cent of the outstanding common shares of Mawson, calculated on a partially diluted basis assuming the full exercise of the 2.5 million Mawson warrants only. The acquisition of the purchased shares by Sentient IV took place over the facilities of the Toronto Stock Exchange. The weighted average cost per purchased share (excluding commissions) was approximately $1.6126.

Sentient IV acquired the purchased shares for investment purposes only and not with a view to materially affecting control of Mawson.

Sentient IV relied on the normal course purchase exemption set forth in Section 100 of the Securities Act (Ontario) for the acquisition of the purchased shares.