RMB Rumbu Holdings Ltd

Mawson West Ltd. (TSX:MWE) ("Mawson" or the "Company") is pleased to announce
that it has finalized its previously announced US$30 million debt financing
facility with RMB Resources Limited ("RMB") of Sydney, Australia. The facility
will be used to partly finance development of the cut-back of the Dikulushi
copper-silver mine, the development of the Kapulo open pit copper mine and for
related corporate purposes. 


The facility is secured by a charge over the assets of the Company and its
principal operating subsidiary, based in the Democratic Republic of Congo
("DRC"). Security has also been granted over the shares in the Company's DRC
subsidiary. The RMB facility contains normal commercial terms including
commitment and arrangement fees payable to RMB. Amounts drawn under the facility
will bear interest at a rate of LIBOR plus 8% per annum. Amounts outstanding
under the loan will be repaid in four equal quarterly instalments commencing
June 30, 2013 and ending March 31, 2014. Production from the Dikulushi cut-back
project is expected to commence in the second half of 2012 and will produce
approximately 29,000 tonnes of copper and 2.8 million ounces of silver in
concentrate over a period of 14 to 16 months.


Drawdowns of the facility are subject to standard project financing conditions. 

About Mawson West Ltd.

Mawson West Ltd. is an Australian-based copper producer, developer and explorer
listed on the Toronto Stock Exchange. Mawson's focus is on the DRC, and its
major asset is its 90% ownership in tenements located in the south-eastern part
of the country in the Katanga Province, comprising some 7,300 km2 of contiguous
tenure. The tenements encompass the Company's two main projects, the Dikulushi
copper-silver mine and the Kapulo copper exploration and development project, as
well as multiple exploration targets, which are all governed by the Dikulushi
Mining Convention. 


Mawson's principal objectives are to expand copper production at the Dikulushi
mine for a further 5 years, complete construction of the Kapulo construction
project in the second half of 2013 and further explore the area governed by the
Dikulushi Mining Convention to identify new targets. Mawson is also
investigating other opportunities in the DRC and elsewhere which have the
capacity to increase the Company's production in copper and other metals.


Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved".


Forward-looking information is based on reasonable assumptions that have been
made by the Company as at the date of such information and is subject to known
and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking
information.


Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information referenced
herein, except in accordance with applicable securities laws.

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