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Kallak North Exploitation Concession Update

30 November 2017

Beowulf Mining plc

(“Beowulf” or the “Company”)

Kallak North Exploitation Concession Update

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, has today been made aware of the response of the County Administrative Board for the County of Norrbotten (“CAB”) to the Swedish Government with regard to the award of an Exploitation Concession for Kallak North.

The Company understands that the CAB has not recommended the award of an Exploitation Concession for Kallak North. Beowulf are reviewing the response in detail and will update the market as and when appropriate.

Enquiries:

Beowulf Mining plc

 

Kurt Budge, Chief Executive Officer

Tel: +44 (0) 20 3771 6993

Cantor Fitzgerald Europe

(Nominated Advisor & Broker)

 

David Porter

Tel: +44 (0) 20 7894 7000

Blytheweigh

 

Tim Blythe / Megan Ray

Tel: +44 (0) 20 7138 3204