Mawson Resources Ltd.
Investments
Mawson holds equity investments in three public companies received, as partial consideration, of the Company's disposition of certain of its unproven mineral interests.

Hodges Resources Limited (ASX:HDG) 1,000,000 common shares (approx 2% of issued capital)
Hansa Resources Limited (TSXv:HRL) 7,000,000 common shares (approx 13% of issued capital)
Tumi Resources Limited (TSXv:TM) 300,000 common shares (approx 1% of issued capital)

The following warrants are also held by Mawson:

1 million warrants in Hansa Resources Ltd priced at $0.10 until 2011.

300,000 warrants in Tumi Resources Ltd priced at $0.20 in year 1 until March 25, 2010; year two $0.25, subject to forced conversion.

The fair value of the Company's investments, which are classified as available-for-sale, can be reviewed in the Company's quarterly and annual financial statements.