Sentient IV acquires securities of Mawson Resources Limited

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

MONTREAL, Dec. 2, 2016 /CNW Telbec/ - Sentient Executive GP IV, Limited ("Sentient IV") announces that, in connection with a financing announced by Mawson Resources Limited ("Mawson"), it has acquired control over 5,378,066 units ("Units") of Mawson on December 2, 2016. Each Unit is comprised of one common share of Mawson (a "Mawson Share") and one-half of one common share purchase warrant of Mawson (each whole common share purchase warrant, a "Mawson Warrant"). Each Mawson Warrant entitles the holder thereof to acquire one Mawson Share at a price of $0.60 per Mawson Share until December 2, 2018. As such, Sentient IV has acquired control over 5,378,066 Mawson Shares and 2,689,033 Mawson Warrants.

Assuming the full exercise of the 2,689,033 Mawson Warrants, Sentient IV would acquire control over a maximum of 8,067,099 Mawson Shares (including the 5,378,066 Mawson Shares issued on December 2, 2016), representing approximately 7.47% of the outstanding Mawson Shares, calculated on a partially diluted basis assuming the full exercise of the 2,689,033 Mawson Warrants held by Sentient IV only.

Prior to the acquisition of the Units, Sentient IV had control over 24,035,303 Mawson Shares (representing approximately 26.61% of the then outstanding Mawson Shares) and the right to acquire 5,265,152 Mawson Shares through 5,265,152 common share purchase warrants issued by Mawson. In the event all of the 5,265,152 common share purchase warrants issued by Mawson are fully exercised, Sentient IV would acquire control over a maximum of 29,300,455 Mawson Shares (including the 24,035,303 Mawson Shares over which Sentient IV has control). These combined holdings would represent approximately 30.66% of the then outstanding Mawson Shares, calculated on a partially diluted basis assuming the full exercise of the 5,265,152 common share purchase warrants issued by Mawson held by Sentient IV only.

Immediately after the acquisition of the Units, Sentient IV has control over 29,413,369 Mawson Shares (representing approximately 27.93% of the outstanding Mawson Shares) and the right to acquire 7,954,185 Mawson Shares through 7,954,185 common share purchase warrants issued by Mawson. In the event all of the 7,954,185 common share purchase warrants issued by Mawson are fully exercised, Sentient IV would acquire control over a maximum of 37,367,554 Mawson Shares (including the 29,413,369 Mawson Shares over which Sentient IV has control). These combined holdings would represent approximately 32.99% of the outstanding Mawson Shares, calculated on a partially diluted basis assuming the full exercise of the 7,954,185 common share purchase warrants issued by Mawson held by Sentient IV only.

Sentient IV acquired the Units for investment purposes only and not with a view to materially affecting control of Mawson. Depending upon market conditions and other factors, Sentient IV may, from time to time, acquire or dispose of additional securities of Mawson, in the open market, by private agreement or otherwise, or acquire interests in or enter into related financial instruments involving a security of Mawson.

The head office address of Mawson is 1305 – 1090 West Georgia Street, Vancouver, British Columbia V6E 3V7

SOURCE Sentient Executive GP IV, Limited

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