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Northern Dynasty: Pebble Partnership Asks Court to Enforce Speedy Action by the EPA in its Response to Defendant’s Motion for Remand with Vacatur

Arguments presented echo concerns raised by the State of Alaska regarding the EPA’s previous slow actions on making a decisionVANCOUVER, BC / ACCESSWIRE…

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Arguments presented echo concerns raised by the State of Alaska regarding the EPA's previous slow actions on making a decision

VANCOUVER, BC / ACCESSWIRE / October 13, 2021 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") advises that its 100%-owned, U.S.-based Pebble Limited Partnership ("Pebble Partnership") has filed a motion which requests the Court set a schedule requiring the U.S. Environmental Protection Agency ("EPA") to make a prompt decision to either withdraw or finalize a decision on the 2014 Proposed Determination.

"Recall that the 2014 Proposed Determination by the EPA was pending for five years before finally being withdrawn in 2019, and now, two years later, the Proposed Determination is being resurrected," said Ronald Thiessen, President and CEO of Northern Dynasty. "As the State of Alaska noted in its motion, ‘The EPA should not be allowed to remand the Proposed Determination into administrative no-mans-land for indefinite proceedings for an indefinite time…' We, too, believe the imposition of a schedule by the Court is necessary to ensure that the EPA does not let the Proposed Determination languish, and therefore attempt to regulate by inaction."

"If they decide to proceed with their Proposed Determination, then we will again pursue a legal challenge, and with the strong administrative record of the overwhelmingly positive Final Environmental Impact Statement of 2020, and the Proposed Determination which is not supported by an adequate record, we believe we will win. If they decide to abandon this unheralded abuse of power and instead apply a science and fact-based process, free from political interference, then they should uphold the EPA withdrawal. Either way, they must decide in a timely basis, because we believe that a prompt decision is required by due process," Mr. Thiessen added.

On this issue the State of Alaska responded to the Federal Court in Alaska similarly, agreeing to the remand only on the basis that the EPA agree to a court-imposed schedule for either vacating the 2014 Proposed Determination or finalizing it.

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.

For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and U.S. public filings at www.sec.gov.

Ronald W. Thiessen
President & CEO

U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897

Forward Looking Information and other Cautionary Factors

This release includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this release, other than statements of historical facts, which address permitting, development and production for the Pebble Project are forward-looking statements. These include statements regarding (i) the mine plan for the Pebble Project, (ii) the social integration of the Pebble Project into the Bristol Bay region and benefits for Alaska, (iii) the political and public support for the permitting process, (iv) the ability to successfully appeal the negative Record of Decision and secure the issuance of a positive Record of Decision by the U.S. Army Corps of Engineers and the ability of the Pebble Project to secure all required federal and state permits, (v) the right-sizing and de-risking of the Pebble Project, (vi) the design and operating parameters for the Pebble Project mine plan, including projected capital and operating costs, (vii) exploration potential of the Pebble Project, (viii) future demand for copper and gold, (ix) the potential addition of partners in the Pebble Project, (x) the EPA's Proposed Determination process under the CWA and the impact of this process on the ability of the Pebble Partnership to develop the Pebble Project and (xi) the ability and timetable of NDM to develop the Pebble Project. Although NDM believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government permits, establish the commercial feasibility of the Pebble Project, achieve the required financing or develop the Pebble Project.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by NDM as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Assumptions used by NDM to develop forward-looking statements include the assumptions that (i) the Pebble Project will obtain all required environmental and other permits and all land use and other licenses without undue delay, (ii) any feasibility studies prepared for the development of the Pebble Project will be positive, (iii) NDM's estimates of mineral resources will not change, and NDM will be successful in converting mineral resources to mineral reserves, (iv) NDM will be able to establish the commercial feasibility of the Pebble Project, (v) NDM will be able to secure the financing required to develop the Pebble Project, and (vi) any action taken by the EPA in connection with the Proposed Determination will ultimately not be successfully in restricting or prohibiting development of the Pebble Project. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including (i) obtaining necessary mining and construction permits, licenses and approvals without undue delay, including without delay due to third party opposition or changes in government policies, (ii) finalization of the mine plan for the Pebble Project, (iii) the completion of feasibility studies demonstrating that any Pebble Project mineral resources that can be economically mined, (iv) completion of all necessary engineering for mining and processing facilities, (v) the ability of NDM to secure a partner for the development of the Pebble Project, and (vi) receipt by NDM of significant additional financing to fund these objectives as well as funding mine construction, which financing may not be available to NDM on acceptable terms or on any terms at all. NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions, such as the current uncertainties with regard to COVID-19. Investors should also consider the risk factors identified in its Annual Information Form for the year ended December 31, 2020, as filed on SEDAR and included in the Company's annual report on Form 40-F filed by the Company with the SEC on EDGAR.

The National Environment Policy Act Environmental Impact Statement process requires a comprehensive "alternatives assessment" be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for the Pebble Project and associated infrastructure may vary significantly from that currently contemplated.

For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.

SOURCE: Northern Dynasty Minerals Ltd.



View source version on accesswire.com:
https://www.accesswire.com/667863/Northern-Dynasty-Pebble-Partnership-Asks-Court-to-Enforce-Speedy-Action-by-the-EPA-in-its-Response-to-Defendants-Motion-for-Remand-with-Vacatur

Today’s News

Hemlo Explorers Completes Option for the Wire Lake Project

TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce the completion of the option…

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TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce the completion of the option agreement (the "Option Agreement") with All-Terrain Track Sales & Services Ltd. (the "Vendor") to acquire a 100% interest in 245 mineral claim cells located 15 kilometres northeast of Marathon, Ontario, and generally referred to as the "Wire Lake Project”. As per the terms of the Option Agreement, the Company will grant the Vendor a 2.0% net smelter return ("NSR") royalty. The royalty agreement provides that one-half of the 2.0% NSR royalty may be bought back by the Company for a lump sum payment of $1,000,000. The Company now controls 100% of the Wire Lake Project subject to the 2.0% NSR.

The Wire Lake Project

The Wire Lake Project (“Project”) consists of 245 claim cells covering approximately 4,047 hectares that are located in the Hemlo Greenstone Belt (Figure 1). The Project lies 29 kilometres northwest of the Hemlo Gold Mine operated by Barrick Gold Corporation and 40 kilometres to the southeast of past producing base metal mines near Manitouwadge.

Gold was first discovered on the property in 1985 and subsequent exploration programs successfully encountered gold mineralization over a 2.7-kilometre strike length through surface sampling and shallow diamond drilling. Gold mineralization at Wire Lake is associated with a highly altered, mineralized, and sheared zone of deformation known by previous work as the Wire Lake Shear Zone. Historical drilling of the shear zone began in 1987 and continued sporadically until 1994 (88 drillholes totalling 12,551.86 metres), after which the property remained dormant due to legal issues which were resolved prior to entering into the Option Agreement. The Company completed shallow diamond drilling in 2017 (3,069 metres in 22 holes) and 2018 (977 metres in 5 holes). The average vertical depth of drilling to date is less than 150 m. Drill hole collar locations are shown in Figure 2 and significant drill intersections greater than 0.5 g/t gold from the 2017 and 2018 drill programs are summarized in Table 1.

The Company is working to digitally compile, validate and interpret all the historical information, including in excess of 16,500 metres of diamond drilling, the results from which will be used in targeting areas for future exploration in 2022. Historical drill holes, stored in Timmins, Ontario, will be interpreted and incorporated into a 3D Leapfrog© drillhole geological model. Potential road access routes are currently being investigated. A 52-kms line cutting and soil sampling program is being assessed to better define parallel shear trends to the NE and SW of the main Wire Lake Shear Zone (Figure 3), both of which have had limited testing.

Brian Howlett, CEO of Hemlo Explorers, commented, “Management is very excited to resume exploration of one of our key assets, the Wire Lake Project. All of the near-term activities are in anticipation of a comprehensive 2022 drill program. This upcoming program really highlights the strength of the overall Hemlo Explorers project package as Wire Lake is only a small part of the larger Pic River Project of 24,000 hectares. We look forward to updating the market as we progress.”

Figure #1 – Wire Lake Project Location Map 
https://www.globenewswire.com/NewsRoom/AttachmentNg/836757b9-5699-44a1-affb-255c333a7ae1

Figure #2 – Wire Lake Project Drill Hole Collar Plan Map with 2017 IP Grid
https://www.globenewswire.com/NewsRoom/AttachmentNg/a9f5ce76-fef8-4421-8bbf-1942f63fb784

Table 1: Wire Lake Project 2017 and 2018 Significant Drill Hole Intersections

Hole IDFrom (m)To (m)Intersection
Width

(m)
Au
(g/t)
17018.3027.0018.702.66
including20.4026.506.106.41
including20.4025.304.907.56
including21.8023.301.5021.41
     
170214.4027.4013.001.35
including16.4018.902.502.30
including23.0027.404.401.92
     
 and36.4047.0010.601.62
including36.4041.405.002.66
     
 and55.6061.405.800.72
     
170521.5039.9018.401.06
including35.0039.904.901.96
     
170631.6036.805.200.62
     
 and41.0048.107.101.25
including43.1545.602.452.06
     
170793.50102.609.100.73
     
 and117.00119.002.000.63
     
 and122.00129.007.001.17
including126.00128.002.002.51
     
and 140.00144.004.000.54
     
1708188.50193.004.500.55
     
1710155.20166.5011.300.53
     
 and187.30193.005.702.23
including188.80192.003.203.62
     
1711108.50111.252.750.58
     
and 127.00133.006.001.72
including130.00132.002.003.70
     
 and155.00166.0011.000.78
including161.00165.004.001.39
     
 and170.00173.403.402.42
including172.40173.401.006.23
     
 and175.70187.4011.702.28
including180.40185.405.004.22
     
1712123.35125.602.250.68
     
171369.8072.853.055.32
     
and 74.1588.6014.450.64
including76.3078.201.901.22
     
 and105.05106.651.600.63
     
17153.9020.5016.600.88
including5.007.002.002.48
including11.0013.102.101.64
     
 and27.8044.0016.200.61
including33.6535.652.001.47
     
17166.4015.008.600.88
including11.5014.002.501.97
     
 and22.0036.0014.001.13
including28.0035.007.001.79
     
 and48.7056.007.300.85
including51.0054.003.001.23
     
and 59.4064.705.300.69
     
1717150.00153.003.000.59
     
 and168.60172.904.300.76
     
 and244.30249.305.000.51
     
 and266.50270.504.000.57
     
171815.1021.506.401.18
including17.6019.401.802.62
     
 and26.0029.103.100.75
     
171922.1030.007.901.14
 including25.6527.501.852.37
     
 and33.4046.2012.801.33
including36.2042.456.251.96
     
and 56.9059.903.001.76
     
and87.0090.103.100.65
     
172051.0069.0018.001.35
including60.2068.007.802.52
     
172167.3073.706.401.38
including68.3070.302.002.81
     
 and79.5099.0019.501.15
including94.0098.004.002.11
     
1826262.00265.003.001.74
     
 and272.20279.006.801.54
including274.00278.004.002.23
     
 and298.00300.002.001.32
     

Note: Assay results reported over intersection length. Additional drilling is required to estimate the true width of the mineralized structures.

Figure #3 – Wire Lake Project Grab Sample Plan Map with Planned Grids Covering NE and SW Parallel Shear Zones
https://www.globenewswire.com/NewsRoom/AttachmentNg/18b11d8b-69c4-4cf4-8dd6-fbde39c2e7f9

Technical Information

Mr. Adrian Bray, P.Geo., Exploration Manager for the Company, is the “Qualified Person” as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for the accuracy of technical information contained in this news release.

About Hemlo Explorers Inc.

Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of properties in Ontario and Nunavut. We are focused on generating shareholder value through the advancement of our main Hemlo area projects, including the North Limb, Pic and Hemlo West.

For more information please contact:

Brian Howlett, President & CEO
Hemlo Explorers Inc.
[email protected] 
(647) 227-3035
http://www.hemloexplorers.ca

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including, but not limited to, exploration results, potential mineralization, statements relating to mineral resources, and the Company’s plans with respect to the exploration and development of its properties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Hemlo Explorers Inc., including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing, exploration risk and Covid-19 pandemic related orders. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. 


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Gran Colombia Announces Third Quarter 2021 Production and Webcast

TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) — Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 17,213 ounces…

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TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 17,213 ounces of gold at its Segovia Operations in September 2021 bringing the total gold production for the third quarter of 2021 to 49,848 ounces compared with 51,555 ounces from Segovia in the third quarter of 2020. The Company also produced 52,382 ounces of silver at Segovia in the third quarter of 2021, up from 47,560 ounces of silver in the third quarter last year. For the first nine months of 2021, Segovia’s gold and silver production totalled 151,104 ounces and 164,270 ounces, respectively, up from 146,278 ounces of gold and 134,820 ounces of silver in the first nine months of 2020.

Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest results, said, “We have maintained a steady pace of production in the third quarter of 2021, which included a planned four-day maintenance shutdown at the Maria Dama plant in July. With our trailing 12-months total gold production from Segovia at the end of the third quarter amounting to 201,187 ounces of gold, up 2% over 2020, we are confident we will meet our production guidance at Segovia for the full year of 200,000 to 220,000 ounces of gold. We are on track to complete our expansion of the Maria Dama plant to 2,000 tonnes per day (“tpd”) in the fourth quarter of 2021 and our mine and brownfield exploration programs are proceeding as planned. In addition, commissioning of the new polymetallic plant at Segovia is nearing completion and we expect to have our first concentrate production in the fourth quarter of 2021. At the end of September 2021, we had a cash position of approximately US$329 million, including the net proceeds of approximately US$268 million from the US$300 million offering of Senior Unsecured Notes due 2026 (“Notes”) completed in August that have been set aside to fund the Toroparu Project in Guyana. The Gold Notes were fully redeemed in September using a portion of the net proceeds of the Notes. At the end of September 2021, in addition to the Notes, we had CA$18 million of Convertible Debentures outstanding.”

The Segovia Operations processed an average of 1,487 tpd in the third quarter of 2021 with an average head grade of 12.6 g/t compared with 1,283 tpd at an average head grade of 15.1 g/t in the third quarter last year. For the first nine months of 2021, the Segovia Operations processed an average of 1,513 tpd with an average head grade of 12.7 g/t compared with 1,259 tpd at an average head grade of 14.7 g/t in the first nine months last year.

Third Quarter 2021 Results Webcast

Gran Colombia announced today that it will release its results for the 2021 third quarter and first nine months of 2021 after market close on Thursday, November 11, 2021 and will host a conference call and webcast on Friday, November 12, 2021 at 9:00 a.m. Eastern Time to discuss the results.

Webcast and call-in details are as follows:

Live Event link:https://edge.media-server.com/mmc/p/wyypvtrs
Canada Toll / International:1 (514) 841-2157
North America Toll Free:1 (866) 215-5508
Colombia Toll Free:01 800 9 156 924
Conference ID:50241486

A replay of the webcast will be available at www.grancolombiagold.com from Friday, November 12, 2021 until Friday, December 10, 2021.

About Gran Colombia Gold Corp.

Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).

Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to production, the repayments of its Gold Notes, payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
[email protected]


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Today’s News

Mawson Publishes Inaugural ‘Digbee’ ESG Score Underlining Commitment to Transparency and Disclosure Through Independent Assessment

VANCOUVER, BC / ACCESSWIRE / October 13, 2021 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF) is pleased to announce…

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VANCOUVER, BC / ACCESSWIRE / October 13, 2021 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF) is pleased to announce the results of its inaugural Environmental and Social Governance "ESG" assessment, undertaken independently through the Digbee ESG reporting and assessment framework. The Digbee framework provides an ESG assessment for junior mining companies across 22 global ESG standards, including SASB, GRI, International Finance Corporation, Equator Principles Association and World Gold Council. Mawson is the first company using the Digbee platform to publish its inaugural score, which is not mandatory in its inaugural year under the platform. In addition to what Mawson has accomplished to date, the report provides for how Mawson will continue to improve its performance moving forward.

Highlights:

  • Overarching Mawson Gold score of ‘BB', noting the Company has "strong ESG leadership and demonstrates a clear desire to operate in a sustainable manner both now and in the long term".
  • Rajapalot with the most positive score of ‘BBB', referencing the contribution of Mawson's "well respected Environmental Director [Ms Noora Ahola] who is not only helping to improve the project from an already good base, but also taking part in industry and national level forums".
  • Sunday Creek and Redcastle + Whroo both scoring ‘BB'.
  • Every aspect of the business has the potential to reach ‘AAA' through risk mitigation, as demonstrated in the confidence bands applied by the assessors.
  • Scoring is undertaken by an independent team of accredited ESG experts who have deep experience in mining projects similar to those being scored.
  • Mawson is the first Digbee participant to publish its inaugural ESG score. Publishing is not mandatory at this time, and underlines Mawson's commitment to transparency and disclosure to ESG matters.

Ivan Fairhall, CEO Mawson Gold, states: "We are incredibly proud to be a leader and first to publish our inaugural ESG score in the true ESG spirit of transparency and disclosure. This score independently endorses what I quickly understood about Mawson before joining - that ESG stewardship is deeply embedded in everything that Mawson does. Rajapalot is one of the most broadly supported projects in Finland with demonstrative support from local communities, municipalities, reindeer herders, and Lapland's political and administrative leadership, amongst others. I sincerely thank our Environmental Director Noora Ahola for leading these efforts over the last 7 years, and look forward to working alongside her and Mawson's team in continuing to demonstrate our commitment to local stakeholders, as well as our investors who expect the highest standards of governance and accountability."

Jamie Strauss, CEO Digbee, states: "We commend Mawson's initiative in self-reporting their inaugural Digbee ESG Score. ESG is all about transparency and continuous improvement, and we are proud that Digbee's ESG platform is recognized as an enabler of this within the mining industry. There are billions of dollars of investment capital looking for companies who wholly embrace ESG and can demonstrate real action on the ground to improve conditions across the ESG spectrum. Mawson have demonstrated this today, and as more companies step forward in this way, it will create the transparency and culture of improvement necessary to drive real change."

A Digbee ESG submission comprises two types of questionnaires: (1) a single corporate-level questionnaire, and (2) one or more project-level questionnaires. The questionnaires are tailored to the stage of the mining company and its projects (i.e., exploration, development and/or producing). Each question is scored in accordance with Digbee's scoring criteria and averaged to provide an overall output score along with a confidence banding. A confidence banding illustrates the potential range with which the awarded score can move should any of the risks be realized or mitigated. Scoring is undertaken by a team of accredited ESG experts who have deep experience in mining projects similar to those being scored. Each scoring team consists of two scorers and a team lead. This team of three ensures consistent scoring through robust peer review and quality control. Figure 1 depicts Mawson's scores graphically.

Figure 1: Digbee ESG scores for Mawson Gold, and its constituent business units

A comprehensive qualitative analysis by Digbee is available through the Mawson Gold website here In summary:

Mawson Gold Ltd - The Company has strong ESG leadership and demonstrates a clear desire to operate in a sustainable manner both now and in the long term. The Board consists of a diverse range of skills and individuals, which enhances the professional approach to business practices and governance regarding decision making. The Mawson Gold team are encouraged to actively participate in industry interest groups as well as the development of new technology that will help to make the sector more sustainable.

Rajapalot (Finland) - A very promising gold and cobalt exploration project in Finland with more than 10 years of exploration activity to date. The team is enhanced by a well-respected Environmental Director who is not only helping to improve the project from an already good base, but also taking part in industry and national level forums and communities. While a small portion (18%) of the total permit area lies within biodiversity conservation areas (Natura 2000), it should be noted that Mawson is permitted to complete all exploration for its priority target areas.

Sunday Creek (Australia) - An early-stage gold exploration project located in an area which has been an active mining prospect since the 19th Century. Located 65km north of Melbourne, the project's workforce is drawn almost entirely from the local population. Infrastructure required for more advanced exploration and development is already in place.

Redcastle and Whroo (Australia) - Two separate projects, at similar stages of exploration, located in the same local government area within 100km of one another, and therefore assessed in the same Digbee ESG review. As with Sunday Creek, these projects are located within historic mining areas and are approximately 120km north of Melbourne. Redcastle is located immediately adjacent to an active mining operation and large national defence training facility. Part of the lease for the projects is located in a state forest, in which the government is supportive of mining activities. These land uses are therefore positive regarding the potential for a new mining operation

About Mawson Gold Limited (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF)

Mawson Gold Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland. Mawson also owns or is joint venturing into three high-grade, historic epizonal goldfields covering 470 square kilometres in Victoria, Australia and is well placed to add to its already significant gold-cobalt resource in Finland.

About Digbee ESG

Digbee has partnered with leaders in the ESG world to develop a right-sized, future-looking and industry endorsed set of frameworks for all stages of mining companies to assess and disclose their ESG metrics while ensuring best practice. This impact-based approach has recognized over 25 initiatives and reporting frameworks, is practical and addresses real risk. The questionnaire is accompanied with clear rationale and guidance. Submitted annually, through a Board Approval process, Digbee ESG allows comparison to peers, helps management and the Board to integrate ESG within the company strategy while improving risk management, and will become the benchmark for engagement with capital providers and other stakeholders.

On behalf of the Board,

"Ivan Fairhall"
Ivan Fairhall, CEO

Further Information
www.mawsongold.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316, [email protected]

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements and are based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to: capital and other costs varying significantly from estimates; changes in world metal markets; changes in equity markets; ability to achieve goals; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs and results varying from expectations; unexpected geological conditions; local community relations; dealings with non-governmental organizations; delays in operations due to permit grants; environmental and safety risks; and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE: Mawson Gold Limited



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