VANCOUVER, Dec. 9 - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Michael Hudson, President & CEO, is pleased to announce that Mr Scott Walters has joined the Advisory Board of Mawson Resources.

Mr Walters has over 14 years of securities industry experience. In November 2004, Mr Walters founded Max Capital Markets ("Max Capital") and currently serves as Managing Partner. Max Capital is a Toronto and London-based investment dealer that provides financing and advisory services to multiple clients in the resource sector. The firm has been involved in raising over C$145 million for the uranium sector since 2004.

Previously, Mr Walters was the founder and Managing Director for DeltaOne Asset Management. DeltaOne created and distributed several successful and top ranked alternative investment funds to Canadian investors. DeltaOne was sold to a financial services company with over $6 billion in assets in November of 2004. Earlier, Mr Walters was Vice President, Institutional Equities and Derivatives, with an independent Canadian brokerage firm where he covered hedge funds and institutional accounts and an Investment Advisor with Dundee Securities where he dealt with private equity clients, venture capital investments and hedge funds. Prior to joining Dundee, Mr Walters spent several years with BMO Nesbitt Burns where he traded interest rate derivatives and developed trading technologies for the Global Fixed Income Group. Mr. Walters received a Combined Bachelors Degree in Economics and Computer Science from the University of Western Ontario.

Mr Hudson states, "Mr Walters has supported Mawson Resources and European uranium exploration over a sustained period, having acted as an agent to fund Mawson's uranium projects for the last three years. His broad financial experience and network within the Northern American and European markets complement Mawson's strong technical and corporate team. With C$11 million in cash, Mawson is well placed to prudently advance its European uranium portfolio and the team looks forward to working with Mr Walters as the Company navigates forward during these challenging times."

About the Company: Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland. As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, President & CEO

Forward Looking Statement.

The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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