“Discovering and Developing High-Grade Resources in Central Africa”

DISCLAIMER and CONFIDENTIALITY

This presentation contains historical and forward-looking statements. The forward looking statements involve risks and uncertainties particularly with respect to resources and development plans, political events and operational capabilities. Forward looking statements appearing in this presentation represent management’s current estimates and these may change significantly as new information comes to hand.

The information contained in this presentation has been obtained by Mawson West from its own records and from other sources believed to be reliable, however no representation or warranty is made as to its accuracy or completeness.

The contents of this presentation are confidential, commercial in confidence and for the sole use of the potential investor it is provided to by the company or its adviser.

MAWSON WEST – PRIVATE PUBLIC COMPANY

Business Focus Copper/Gold - Africa

Development & Exploration

Other Australian projects Golden Mile South – 75-100% MWE

And JV’s Paynes Find – Prosperity 75%-MWE diluting

Kiaby Well – Silver Swan earning 60%Country of Operation Democratic Republic of Congo/ZambiaDirectors Non – Executive Chairman – Mark Stowell

Managing Director/CEO – David Frances

CFO – Glenn Zamudio

Non-Executive Director – Jonathan Asquith

Non-Executive Director – Anthony Lloyd

Shares on Issue 154,473,439

Cash and Receivables US$3.4 million

PROJECTS

Kapulo

Golden Mile South

Mid West Iron Ore

Strategic Joint Venture with Anvil Mining (65% MWE)

Approximately 5,500km² of contiguous tenure in DRC and Zambia

Mawson West progressing towards maiden JORC/43-101 resource.

KAPULO PROJECT

RECENT POLITICAL & OTHER CHANGES

•Govt Mining Review – No change to the Dikulushi Mining Convention

•New Mining Code (2003)

•First democratically elected government (2007)

•Major engagement by multilateral community:

•United Nations

•World Bank

•MIGA

•IFC

•International Monetary Fund

•Renewed bilateral engagement

•Engagement by international financial markets

•Engagement by political risk insurance agencies

•Increasing focus by international mining industry

Kilo-Moto Gold Belt: Historic Production 11Moz Au

Central African Copper Belt: Est. Reserves: 75Mt Cu; 4.5Mt Co

Equateur

Oriental

Bandundu

Katanga

Kasai OccidentalKinshasaBas-Congo

N.Kivu

S.KivuManiema

Kasai Oriental

Anvil Mining (Cu-Ag) Dikulushi

Banro Corp (Au)[Resource: 10.8Moz]

Africo Res (Cu-Co) Kalukundi

Twangiza-Namoya Gold Belt:

SouthernEra (Diamonds) Mbuji-Mayi

Angolan Kimberlite Trend

Lubumbashi

Metorex (Cu-Co) Ruashi/Etoile

Gravity Diamonds JV BHP Billiton

AngloGold (Au) [Resource: 1.2Moz]

Gold Fields (Au) Kisenge

Twangiza-Kilo-Moto Gold Belt: Current Est. Resources:

28Moz

BRC Diamonds JV BHP Billiton

TEAL(Cu-Co) Kalumines

Katanga (Cu-Co) Kamoto

Anvil (Cu-Co) Mutoshi; Kinsevere

Mwana Africa (Au)

Nikanor (Cu-Co) KOV Copper Resources

(Cu) Kinsenda

Mineral/Metal Reserve QuantityCopper 75MtCobalt 4.5MtZinc 7MtIron ore 1BtTin 45KtLithium 31MtMagnesium 7MtNiobium 30MtGold >28MozDiamonds 206M carats

Known Reserves:

Source: RBC Capital Markets estimates

DRC – Major Metallogenic, Mining & Exploration Activities

Mawson West (Cu)Kapulo

Tiger (Cu-Co)

KipoiFreeport (Cu-Co)

Tenke Fungurume

Located in the South East corner of DRC.

Anvil’s Dikulushi mine is 130km South West of Kapulo prospects.

Operated out of Congo and Zambia – 12km from Zambian border.

Project underpinned by Maiden JORC-43/101 resource in progress at Katanga and Safari North.

Currently drilling at Katanga and Safari North, both open ended and at depth.

Approximately 60km of strike on the mineralised Kapulo fault.

High-order copper geochemical anomalies along fault require trenching.

Numerous other copper & gold occurrences yet to be evaluated-000’s of km sq to be explored

KATANGA

KATANGA53 diamond drill holes completed. Orebody comprises a south plunging high-grade copper shoot. Latest results: 45m @ 5.1% Cu incl. 30m@ 7.4%Cu

48m @ 4.4% Cu incl. 14m @ 11.1% Cu

64.4m @ 5.9% Cu incl. 40m @ 8.6% Cu

62m @ 4% Cu incl. 27m @ 8.3% Cu

Grades up to 40% Cu recorded.

Lode

Indicated Inferred Total

Tonnes Cu Ag Mt % g/t

Tonnes Cu Ag Mt % g/t

Tonnes Cu Ag Cu Ag Mt % g/t t MOz

HWFW

2.1 6.3 20 4.5 1.0 3

0.2 6.2 25 1.3 0.8 5

2.4 6.3 21 148,300 1.56 5.8 0.9 3 53,000 0.57

Total 6.6 2.7 8

1.5 1.6 8

8.1 2.5 8 201,100 2.14

1%COG 4.3 4.0 13 174,000 1.80

0.5% COG Copper PRELIMINARY INTERIM RESOURCE

KATANGA DRILL SECTIONS

SAFARI NORTH

SAFARI NORTH

Lode

Indicated Inferred Total

Tonnes Cu Ag Mt % g/t

Tonnes Cu Ag Mt % g/t

Tonnes Cu Ag Cu Ag Mt % g/t t MOz

HWFW

0.4 5.2 12 0.4 0.9 2

0.3 3.9 8 1.0 0.8 2

0.7 4.7 10 33,500 0.24 1.4 0.8 2 11,000 0.09

Total 0.8 3.2 8

1.3 1.5 3

2.1 2.2 5 44,800 0.32

1%COG 1.0 3.7 8 37,000 0.26

0.5% COG Copper PRELIMINARY INTERIM RESOURCE

25 Diamond drill holes completed. Results to date very encouraging:30m @ 4.3%Cu incl 18m @

6.6%Cu

10m @ 5.2%Cu

34m @ 3.4%Cu incl 22m @ 4.9%Cu

SAFARI NORTH DRILL SECTIONS

SAFARI NORTH & SAFARI SOUTH

High order geochem drill targets on the 60km mineralised Kapulo fault

Kapulo deposits open-ended and open at depth

Other stratabound and vein style Cu and gold occurrences within the project area

Potential for new targets to host very significant copper tonnes

POTENTIAL

Systematic metallurgical and geotechnical test work underway.

PFS results of metallurgical test workLocked Cycle test:34.4%Cu @ 93.2% Rec and 90g/t Ag @ 92% Rec

African Mining Consultants engaged for Environmental and Social Impact Assessment.

Preliminary Pit Optimisation studies underway.

Investigating possible recommissioning of hydro powerstation at Piana Mwanga and other hydropower options.

DEVELOPMENT

Mawson West collaborating with Medicines Sans Frontiers –humanitarianand medical aid agency.

MSF are providing AIDS and health education for the workers & the localvillagers.

As part of the JV with Anvil, Mawson will take part in social development

programs in the region for community based projects.

Construction of mud brick accommodation is underway for employees atKapulo.

Mawson provided logistics for MSF in it’s vaccination campaign against measles for children aged between 6 months & 5 years.

SOCIAL DEVELOPMENT

GOLDEN MILE SOUTH

The Golden Mile Superpit Looking South – Kalgoorlie, Western Australia

Golden Mile South Project

GOLDEN MILE SOUTH OVERVIEW

One of the premier precious and base metal endowed regions in the world >100Moz Au &>4Mt Ni metal.

Extensive tenement package (112km²) with 75%-100% ownership by Mawson West Ltd.

Only 4km SE of the Kalgoorlie Superpit and under explored.

Unparalleled infrastructure – several local operating mills, roads, railways, exploration services etc.

MID WEST IRON ORE & GOLD PROJECT

466.5km² JV TENURE

Paynes Find JVPaynes Find JV

(Prosperity Resources 75%)

Resource definition work

Kiaby Well JV Kiaby Well JV

(Silver Swan earning 60%)

Recently granted – Gold/Iron ore project

Close proximity to Gindalbie’s Karara iron ore deposit and Mount Gibson’s Extension Hill deposits

MAWSON WEST LTD

Kapulo

Golden Mile South

Mid West Iron Ore

• Shares on issue 154,473,439

• Unlisted public company

•Cash and receivables US$3.4 million

• Experienced management with African expertise

• Rapidly advancing high-grade copper project

• Early production potential

• World class resource potential

• Good portfolio of high quality exploration projects

SUMMARY

Please visit uswww.mawsonwest.com.au

ContactDavid Frances – Managing Director & CEO

Telephone: +61 8 9321 9669

Fax: +61 8 9481 2394

Email: dfrances@mawsonwest.com.au