Mawson's Subsidiary SXG Announces Intention to Dual List in Canada

VANCOUVER, BC, March 12, 2024 – Mawson Gold Limited ("Mawson") reveals its subsidiary Southern Cross Gold Ltd. ("SXG") plans for a dual listing on a Canadian stock exchange. SXG, primarily listed on the Australian Securities Exchange since May 16, 2022, is expanding its reach to include Canadian investors. This move comes as SXG prepares for an in-specie distribution of shares to Mawson shareholders post-May 16, 2024, coinciding with the expiration of the current ASX vendor escrow. This strategic plan is subject to regulatory and shareholder approvals.

Michael Hudson, Managing Director of Southern Cross Gold, underscores the significant opportunity this dual listing represents for both geographic diversification and investor exposure, particularly noting the robust interest in mining companies within Canadian exchanges. The proposed listing mirrors a strategic effort to engage with the North American market, leveraging the inherited strengths from the Victorian goldfields. The ultimate aim is to consolidate SXG's position as a noteworthy name in gold exploration across both Australian and North American markets.

Consisting of 184,040,623 issued shares, SXG's strong foundation is poised for further growth, with more than half of its shareholder base being international. This diversification aligns with the company's vision of broadening its investor reach and optimizing the distribution process for existing shareholders. Details regarding the choice of Canadian exchange for the dual listing remain forthcoming, pending necessary regulatory approvals.