According to official press release by starvault to shareholders the Awakening expansion is scheduled to be released some time in April. This is important because previously SV did not say give an estimated release date for the new Awakening expansion.
This press release also goes on to say that there will ANOTHER as of yet unnamed expansion planned for October of this year meaning that Mortal Online is on pace for two major expansions in one year.
StarVault is also planning on releasing a Chinese server sometime between July and September. Mortal Onlines full loot open pvp style gameplay is almost unheard of in China since Shadowbane closed and is sure to cause a stir.