SENTIENT III ACQUIRES SECURITIES OF MAWSON RESOURCES LIMITED

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, Oct. 25 /CNW Telbec/ - Sentient Executive GP III, Limited ("Sentient III") announces that, in connection with a financing announced by Mawson Resources Limited ("Mawson") on October 15, 2010, it has acquired control over 5,000,000 units ("Units") of Mawson on October 25, 2010. Each Unit is comprised of one common share in the capital of Mawson (a "Mawson Share") and one half non-transferable common share purchase warrant of Mawson (each whole common share purchase warrant, a "Mawson Warrant"). Each Mawson Warrant entitles the holder thereof to acquire a Mawson Share at a price of $1.20 per share. The Mawson Warrants are exercisable until October 25, 2012. As such, Sentient III acquired control over 5,000,000 Mawson Shares and 2,500,000 Mawson Warrants.

Sentient III has control or direction over 5,000,000 Mawson Shares (representing approximately 10.06% of the outstanding Mawson Shares), and the right to acquire 2,500,000 Mawson Shares through the 2,500,000 Mawson Warrants.

In the event all of the 2,500,000 Mawson Warrants are fully exercised, Sentient III would acquire control over a maximum of 7,500,000 Mawson Shares (including the 5,000,000 Mawson Shares over which Sentient III has control or direction). These combined holdings would represent approximately 14.37% of the outstanding Mawson Shares, calculated on a partially diluted basis assuming the full exercise of the 2,500,000 Mawson Warrants only.

Sentient III acquired the 5,000,000 Units for investment purposes only and not with a view to materially affecting control of Mawson. Sentient III and its joint actors have no present intention of acquiring beneficial ownership or control over additional securities of Mawson.

For further information:

Sue Bjuro at [phone]