RMB Rumbu Holdings Ltd

Mawson West Ltd. (TSX:MWE) ("Mawson" or the "Company") is pleased to announce
that it has received from RMB Resources Limited ("RMB") of Sydney, Australia a
credit-approved debt financing commitment to provide a US$30 million working
capital facility 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 RMB facility is credit-approved subject to standard working capital
financing conditions, including definitive legal documentation, permitting
requirements and no material adverse change provisions. The facility will be
secured by a charge over the assets of the Company and its principal operating
subsidiary, based in the Democratic Republic of Congo ("DRC"). Security will
also be 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. Initial drawdown of the facility is expected by the end of June
2012.


David Frances, Mawson's President and CEO, stated: "The RMB debt financing is
another important milestone for Mawson, and will provide the Company with
additional financial resources and funding flexibility to complete the Dikulushi
cut-back and continue progress on the development of the Kapulo project."


The cut-back at the Dikulushi copper-silver mine is on track to commence
production in the third quarter of 2012. In the meantime, following the
successful completion of the processing of the low-grade stockpile at the
Dikulushi mine in February 2012, production has commenced from the nearby
Boomgate deposit and will continue until commencement of production from the
cut-back. At the Kapulo project, the project schedule has been substantially
slowed down by the Company to remain in line with the projected cash-flows from
the Dikulushi cut-back. However, construction is continuing with site civil
works being well advanced. The camp and a substantial portion of the mine
offices have already been completed. Commencement of production is anticipated
to be achieved in the second half of 2013. As at March 31, 2012, Mawson had an
unaudited cash balance of approximately US$54.5 million.


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, commence copper production at the Kapulo project 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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