Company Information for Beowulf Mining Plc

AIM-BEM

www.beowulfmining.com

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AIM; BEM

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Company Statement

Beowulf Mining Plc (Beowulf) is a diversified mineral exploration and development company with five deposits in resource rich Northern Sweden including iron, titanium, gold and copper. Beowulf (BEM) is listed on the London AIM market and has recently begun trading on the Swedish AktieTorget market under the ticker BEO. Beowulf’s projects have attracted the attention of its peers around the world and the company recently announced joint ventures on its two iron deposits and one of its copper gold deposits.

In August the Beowulf announced that through its joint venture with WAG Ltd of Australia, its Routevare iron deposit had achieved a maiden JORC classification of 140m tons at 39.1% iron and 5.7% titanium.

Current Operations

Beowulf Mining PLC ('Beowulf') is focused primarily on the exploration and development of mineral deposits in Sweden.

Beowulf is working on five projects in Northern Sweden which it considers have commercial potential. The areas are:-

Ruoutevare Iron Titanium Project
Contains 140 million tonnes inferred JORC Mineral Resource at 39.1% iron, 5.7% titanium and 0.2% vanadium. Results based on drilling by the Swedish Geological Surrey. Drilling by WAG Limited Beowulf’s earn in Joint Venture partner is planned in November 2008 to increase resource. The Swedish Raw Materials Group has concluded that the deposit could be developed on the basis of a 10 million tons per year operation. This was based on iron ore price in 2006. WAG Limited will earn 50% of Ruoutevare project by completing 3,000-5,000 drilling and metallurgical test work.

Kallak Iron Ore Claim
A magnetite project, based on exploration by Swedish Geological Survey consisting of three diamond core drill holes and geophysical surveys, has targeted 88 – 92 million tonnes at 35 – 42% iron. Beowulf has entered into a second Farmin Agreement with WAG Limited, to conduct drilling, metallurgical test work and a magnetic geophysical program to earn 50% of Kallak project.

Grundtrask Gold Project
Grundtrask is located near the town of Mala in the Skelleftea mining district and comprises three licences for 43km square. A gold-bearing structure over a strike length of 750m and up to 27m wide has been established through diamond drilling to date and it is open at both ends and at depth. The gold is associated with chalcopyrite and arsenopyrite in quartz veins and stockworks in altered Precambrian basic volcanic rocks. Beowulf is now seeking a Joint Venture partner.

Ballek Copper Gold Project
The Company has six licences that cover 11 copper prospects, including the Lulepotten copper-gold deposit which was drilled by the Geological Survey of Sweden with between 1960 and 1971 and found to contain 5.1 million tonnes of 0.73% copper and 0.25 grams per tonne of gold. The prospects are associated with a large gravity anomaly.

Beowulf has entered into a Joint Venture Farm in Agreement with Agricola Resources PLC on this project. An inferred JORC Resource statement is in the process of being prepared on the Lulepotten copper gold-deposit.

Jokkmokk Copper Gold Project
The Company has four licences over copper-gold projects, which were drilled in 2004 with positive results, and again in 2005 with somewhat disappointing results.

Beowulf is seeking to expand its exploration areas near Jokkmokk and is seeking a Joint Venture partner for further exploration.

Beowulf is the name of an epic poem, which is widely regarded as the first great work of English Literature. The Company floated on the AIM market of the London Stock Exchange in May 2005 with a ticker of BEM and trades on the Aktietorget Market in Sweden with the ticker of BEO.

Geographical Spread

North Sweden. An area where there is no mineral royalty and a low corporation tax. Large under explored mineral potential. Excellent infrastructure. Political and economic stability. Long history of mining.

Board of Directors and Key Management

Dr. Robert Young	Chairman
Dr. Jan Ola-Larsson	Technical Director
Clive Sinclair-Poulton	Non-Executive Director
Mr Anthony Scutt	Non Executive Director
Mr. Edward Taylor	Company Secretary and Non-Executive Director

Company Address

1, Green Hill
Little Thetford
Ely, Cambridgeshire, United Kingdom CB6 3HD


Telephone:	+44 (0) 1353 649 701
Email:	Bob.young[at]beowulfmining.com
Website:	http://www.beowulfmining.com

Additional Address/Key Contact

Swedish Office
Jan-Ola Larsson
Beowulf Mining plc
Silvergransvagen 32
SE 141 45 Huddinger
Sweden
Tel: +46 8 746 8390
Fax: +46 8 449 8559

Capital

Number of Shares in Issue 80,898,247

Annual General Meeting

April

Year End

31st December

Nominated Brokers

King & Shaxson
6th Floor
Candlewick House
120 Cannon Street
London
EC4N 6AS

Nominated Advisors

Ruegg & Co Limited
39 Cheval Place
Knightsbridge
London SW7 1EW
Tel: 44 (0) 20 7584 3663
Fax: 44 (0) 20 7584 4664

Broker/Analyst Reports

04/12/07 - Valiant Financial Research
07/11/06 - City Capital Corporation Limited

Major Shareholders

Fully diluted share capital

Credit Suisse Client Nominees (UK) Limited	8,750,000 shares (13.18%)
Mrs Carole Christine Rowan	6,089,485 shares (9.17%)
Starvest plc	2,000,000 shares (3.01%)
Sunvest Corporation Limited	10,000,000 shares (15.06%)
Mrs Judith Mary Young	2,294,742 shares (3.46%)
Dr Robert Douglas Young	4,294,743 shares (6.47%)

Most Recent Statement

16/09/08 - Inferred Resource - Ballek, Sweden
10/09/08 - Half-yearly Report
28/08/08 - KALLAK MAGNETITE PROJECT - JOINT VENTURE AGREEMENT SIGNED
19/08/08 - JORC Resource on the Ruoutevare Project, Sweden
30/07/08 - RUOUTEVARE PROJECT UPDATE
12/06/08 - Ballek Joint Venture Update

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