PRESS RELEASE 9th JULY 2008
Beowulf Mining says agrees farm-in deal with WAG for Kallak iron project
LONDON (Thomson Financial) - Beowulf Mining Plc. said it has signed a farm-in agreement with WAG Ltd. to cooperate in the exploration and evaluation of its Kallak iron project in Northern Sweden.
The AIM-listed mineral exploration company said that, under the agreement, WAG will complete a work programme which will include 25 drill holes of not less than 100 metres each in depth and metallurgical test work before April 30, 2010.
On completion of the programme Wag will earn a 50 percent interest in the Kallak project.
Dr. Robert Young, Chairman, Beowulf Mining Plc
+44 (0)1353 649 701
Gavin Burnell, Ruegg & Co Limited
+44 (0)207 584 3663
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