Mawson West

US$33m Financing and Debt Restructure Package

March 2015

Mawson West Limited (Mawson West) is a copper and silver-focused resource company listed on the TSX and based in Perth, Australia. Its two key projects are the Dikulushi copper-silver mine and the Kapulo copper mine located in the Katanga province in South Eastern Democratic Republic of Congo.

On 11 December 2014, Mawson West announced a US$33.4 million financing and debt restructuring package with Galena Asset Management S.A. and its affiliate entity Trafigura Pte Ltd. The proceeds of the financing and the amendments to the debt facility will be used to provide the Company with sufficient working capital to manage the ramp-up of the Kapulo copper mine and strengthen its balance sheet.

Azure acted as Corporate Adviser to Mawson West on the transaction, which involved negotiating and structuring the financing package and the management of the entire process. Mawson West shareholders approved the package on 25 February 2015 and funds were received shortly thereafter.