Michael Hudson B.Sc. Hons, MAusIMM, MSEG, MAIG

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Michael Hudson - B.Sc. (Hons), MAusIMM, MSEG,
MAIG President, CEO Director
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An Introduction to Mawson

• Exploring a world-class Au district in Sweden
• Highly prospective portfolio of projects
• Advanced gold projects (14m (45.9 ft) _at_ 19.8g/t
  Au)
• 3 Drill Ready projects within 4km of VBN
• Largest strategic claim holding (80 000 Ha)
• 13.7M issued, 17.0M fully diluted, escrow 6.9M
• 0.8 million

Trading on TSX-v MAW

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Sweden A Mining Country

• gt 1000 year mining tradition
• No 1 EU15 producer of Au, Ag, Cu, Pb, Fe
• Modern mining culture where projects can be
  discovered and rapidly developed
• Corporate tax rate of 28, no mineral tax
• Low cost access, skilled workforce,
  infrastructure

Advantages exemplified by the current development
of Svartliden (US158/oz)
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Kiruna District
Skellefte District
Stockholm
Bergslagen District
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Erksmarksberget 108 000 oz Au Pre-feasibility
Scan Mining
Vargbäcken
Boliden 4.2Moz Au Mined Out
Middagsberget/ Fäbodliden
Svartliden 403 000 oz Au Mine in
construction Dragon Mining
Barsele 660 000 oz Au Advanced Exploration
North American Gold
Björkdal 1.1Moz Au Mine Minmet Plc
Åkerberg 100 000 oz Au Mined out resource
Boliden
Fäbodliden 690 000 oz Au Advanced
Exploration Lappland Goldminers AB
MAWSON GRANTED
MAWSON APPLICATIONS
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Vargbäcken Middagsberget Gold Province
12km undercover undrilled target horizon
Vargbäcken 14m (45.9ft) _at_ 19.8g/t Au
Mafic Dykes
Vindelalven River
Fäbodliden B Undrilled Au in outcrop to 25 g/t Au
Fäbodliden C 4.9m (16.1ft) _at_ 4.1g/t Au 3 holes
Felsic Volcanic
NORTH
Middagsberget 400m x 150m x 50m Incl. 4.5m (14.8
ft) _at_ 6.9g/t Au 50 000oz historic resource
SCALE
Metasediment
2km
0
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Vargbäcken Project Summary

• Discovered in 1997 Lode Gold
• Mawson 18 RC holes (1730m (5676ft))
• 17 out of 18 holes intersected gt2g/t Au over
  economic widths
• High grade block drilled over 250m - remains
  open
• Option to earn 80 (to 100)
• 25 year mining lease

14m (45.9ft) _at_ 19 g/t Au 10m (32.8ft) _at_ 8.6 g/t
Au 13m (42.7ft) _at_ 4.5 g/t Au
Best results include
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Vargbäcken Drilling Location Map
SCALE
RC48 110m
RC47
100m
0
Projection Swedish National Grid Datum RT90
RC45
RC46
RC33
RC32
Surface projection of high grade mineralization,
250m in length
N
RC34
RC36
RC49
RC35
RC43
RC44
RC38
RC42
RC37
RC39
RC41
Mawson RC Drill Hole Assay Result Released
RC40
NAN Slim Line Diamond Drill Hole
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Vargbäcken Cross Section 00N
RC34
RC35
E
W
RC49
RC36
Visible gold in Slimline DD
SCALE
Diorite
Metasediment
50m
0
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Vargbäcken Cross Section 00N
RC34
RC35
E
W
RC49
RC36
3m (9.8ft) _at_ 10.4 g/t Au
10m (32.8ft) _at_ 8.6 g/t Au
1m (3.2ft) _at_ 10.4 g/t Au
8m (26.2ft) _at_ 4.1 g/t Au
14m (45.9ft) _at_ 19.8 g/t Au
12m (39.4ft) _at_ 1.6 g/t Au
Visible gold in Slimline DD
10/8.6 10m _at_ 8.6 g/t Au
SCALE
Diorite
Metasediment
?
50m
0
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Vargbäcken Drilling Location Map
SCALE
RC48 110m
RC47
100m
0
Projection Swedish National Grid Datum RT90
RC45
RC46
RC33
RC32
Surface projection of high grade mineralization,
250m in length
N
RC34
RC36
RC49
RC35
RC43
RC44
RC38
RC42
RC37
RC39
RC41
Mawson RC Drill Hole Assay Result Released
RC40
NAN Slim Line Diamond Drill Hole
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Schematic Vargbäcken Longitudinal Section
550m
250m
Interpreted low grade envelope
13m (42.7ft) _at_ 4.5g/t Au
2m (6.6ft) _at_ 17.9 g/t Au
3m (9.8ft) _at_ 10.4 g/t Au
4m (13.1ft) _at_ 5.3 g/t Au
4m (13.1ft)_at_ 7.0 g/t Au
RC48
RC34
RC35
RC40
RC42
RC49
RC36
RC39
RC33
RC44
RC41
RC32
RC43
RC37
RC47
RC38
RC46
RC45
10m (32.8ft) _at_ 8.6 g/t Au
1m (3.3ft) _at_ 10.1 g/t Au
100 m
gt30 gram metres
8m (26.2ft) _at_ 4.1 g/t Au
2m (6.6ft) _at_ 5.8 g/t Au
3m (9.8ft)_at_ 10 g/t Au
15 - 30 gram metres
14m (45.9ft) _at_ 19.8 g/t Au
1m (3.3ft) _at_ 8.7 g/t Au
4 - 15 gram metres
16m (52.5ft) _at_ 3.3 g/t Au
00 mN
2 - 4 gram metres
200 m
?
Interpreted high grade envelope
NE
1.0g/t Lower Cut Applied
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Middagsberget Long Section
1.5m (4.9ft) _at_ 3.8g/t Au from 21.8m
1.5m (4.9ft) _at_ 1.8g/t Au from 13.5m
4.5m (14.8ft) _at_ 6.9g/t Au from 16m
4.5m (14.8ft) _at_ 3.9g/t Au from 28m
UNTESTED
UNTESTED
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2
1
13
22
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4.5m (14.8ft) _at_ 6.9g/t Au from 25.5m
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6
13
7
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9m (29.5ft) _at_ 4.0g/t Au from 34m
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4.5m (14.8ft) _at_ 3.2g/t Au from 35.5m
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10
15
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16
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4.5m (14.8ft) _at_ 1.6g/t Au from 59m
3.0m (9.8ft) _at_ 5.2g/t Au from 65.5m
Mineralised Intersection
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19
20
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SCALE
80m wide x 500m long
50m
0
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2005 Work Plan
Phase 2 C1 1.5M BUDGET April- Nov
05 Vargbäcken Extend the mineralized zone
Extend and infill drill the resource
status Middagsberget/Fäbodliden Drill gold
bearing outcrops Drill historic
resources Regional exploration
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Corporate Structure
Michael Hudson - B.Sc. (Hons), MAusIMM, MSEG,
MAIG President, CEO Director David Henstridge
- B.Sc (Hons), FAusIMM, MAIG, MGSAust
Director Nick DeMare - CADirector Mark Saxon -
B.Sc. (Hons), MAusIMM, MAIG Vice President
Exploration Mariana Bermudez Corporate
Secretary Folke Söderström Accountant Manager
Mawson Sweden AB
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Positioned for Success

• Multi-Million Ounce Potential
• Advanced projects Vargbäcken, Middagsberget
• Number 1 explorer in under-explored portions of
  the gold-rich Skellefte district
• Three projects within 4km - outcrop Au, drill
  ready

• Technical and Corporate Expertise
• Tight capital structure
• Young, dynamic, experienced

• Ground Floor Entry Into European Gold Explorer

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Yilgarn Star Analogue

• 1980 Discovery of Lode Gold with
  rockchip sample of 2.47g/t Au
• 1987 200m x 40m 1,255 soil samples anomaly
  1200m x 120m (max 0.6g/t Au)
• 1989 143 RC holes for 5427m to 40m. Au grades
  gt1g/t Au in 24 of 32 sections over 1240m strike
• 1989 RC drilling at 20m 30,000m. Resource
  1.163Mt _at_ 5.1g/t Au (191 000oz)
• 1995 Open pit to 130m completed and
  underground commenced
• 1996 Strong downward continuation of
  mineralization drilling to 740m
• 2004 Global Resource 6.4 Mt _at_ 6.0 g/t Au
   (1.2M oz)

300m
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Eastern Gold Fields Province Western
Australia Mesothermal Lode Gold Deposits
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Central
Lancefield
Mainly underground resource
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Mainly open pit resource
Fimiston
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Kambalda
Fimiston
Grade g/t Au
Mt Charlotte
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Harbour Lights
Paddington
Sons of Gwalia
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1Moz
0.5Moz
0.25Moz
0
0
2
6
4
8
12
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Tonnage (mt)
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Panned Coarse Free Gold Drill hole RC34 70m