Mawson Finland Limited Provides Summary of 2024 Exploration Drilling at

Solid Financial Results and Strong Balance Sheet

• Third quarter of 2024: $308 million in revenue, $254 million in operating cash flow, $155 million in net earnings and $153 million in adjusted net earnings ¹ , and declared a quarterly dividend ¹ of $0.155 per common share.
• Balance Sheet: cash balance of $694 million , no debt, and an undrawn $2 billion revolving credit facility as at September 30, 2024 after making total upfront cash payments of $30 million relative to mineral stream and royalty interests in the quarter.

High Quality Asset Base

• Streaming and royalty agreements on 18 operating mines and 28 development projects ⁵ , including the addition of the Koné project announced subsequent to the quarter.
• 93% of attributable production from assets in the lowest half of their respective cost curves ^2,4 .
• Attributable gold equivalent production ³ (“GEOs”) of 144,200 ounces in the third quarter of 2024 and 448,400 for the first nine months of 2024, with quarterly production consistent with the comparable period of the prior year, as lower production from Salobo and Constancia was largely offset by higher production from Peñasquito.
• Average annual forecast production guidance for 2024 of 550,000 to 620,000 GEOs ³ maintained, with forecasted sector-leading growth to over 800,000 GEOs ³ by 2028, and average annual forecast attributable production growing to over 850,000 GEOs ³ in years 2029 to 2033.
• Further de-risked forecast growth profile as construction activities advanced at the Blackwater, Goose, Platreef, and Mineral Park projects, all of which are expected to be producing within the next 12 months.
• Subsequent to the quarter, the Company announced two accretive precious metals streaming agreements:
  • On October 23, 2024 , the Company entered into a precious metals purchase agreement (“PMPA”) with Montage Gold Corp. in respect to the Koné Gold Project located in Côte d’Ivoire.
  • On October 21, 2024 , the Company amended the Fenix PMPA, increasing the amount of attributable gold it is entitled to under the contract.

Leadership in Sustainability

• Top Rankings: One of the top-rated companies by Sustainalytics, AA rated by MSCI, and Prime rated by ISS.
• Launch of inaugural Future of Mining Challenge, which will award US$1 million to a winning venture to advance their technology aimed at minimizing environmental impacts, improving efficiencies, and contributing to climate solutions, while ensuring key resources are responsibly available for future generations.

Operational Overview