Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSXv -- MAW; Frankfurt -- MRY. The Company is pleased to announce that it has entered into a consulting agreement in Europe. The Consultant shall provide public relations advisory services to the Company inclusive, but not limited to, completing a comprehensive communications program to introduce the Company to German-speaking financial audiences of Europe. In consideration for the services, the Company will pay to Pascal Geraths Gesellschaft Für Presse - Und Öffentlichkeitsarbeit MBH Company No. 261358A (the "Consultant") a fee in the amount of 7,500 Euros per month and reimburse all reasonable expenses. The term of the agreement is for three months commencing on November 1, 2005, and is subject to a 30-day termination clause by either party. This agreement is subject to filing with the regulatory authorities.
Mawson Resources Ltd is also granting 270,000 stock options to certain officers and consultants. These options are issued pursuant to a company stock option plan and subject to filing with the regulatory authorities. The options may be exercised at a price of 50 cents per common share for a three-year period subject to certain vesting provisions.
On behalf of the Board,
Michael Hudson, President & CEO
1305 -- 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas (604) 657 4058, Wayne Melvin (604) 619 6327
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.