Bruce Griffin, Member of the Special Committee and Independent Director, states: “There has been widespread support both in Canada and overseas for the simplification of the Mawson and SXG corporate structures. Once completed, the simpler, dual-listed structure will allow us to achieve the following core objectives: access to broader capital markets and institutional/private investors; eliminate the perceived major shareholder overhang; and attract an expected lower cost of equity capital which will allow the Sunday Creek gold-antimony asset (the “Sunday Creek Project”) to continue its path to development. I strongly believe that our proposal is in all Mawson shareholders’ interests in the short, medium and long term.

“Over the past two months, SXG and Mawson have been carefully reviewing strategic options to maximize value to shareholders of each of Mawson and SXG and the proposed Australian Arrangement reflects the continued commitment of the management teams and board of directors of each company to achieve our respective core objectives to benefit all shareholders, whether big or small, anywhere in the world. The single best solution, therefore, is the Australian Arrangement, the principal terms of which have been agreed in-principle by SXG and MAW in the NBTS”.

Further information is attached.