Mawson Gold Ltd. (MWSNF)

[Kaseymoe]

Yes on looking for higher grades ... none of the recent core results are in the jaw dropping realm and I don't know what will constitute economic gold in the Arctic environment. It'll be higher than in Nevada or Mexico. Also not sure a heap operation is the plan if the only ore is bulk tonnage ore -not high grade for gravity separation

There are heap leach ops in cold climates but the Arctic winter presents problems with the water lines, emitters and just any exposed plumbing -problems mean extra cost. Also will the environment issues permit for a heap leach with the large footprint that entails? So those grades concern me - they don't seen to concern our CEO. They'd be outstanding in another jurisdiction - not sure how they shape up in Finland?

rjw/mkc