Beowulf Mining PLC - Appointment of technical consultant to Kallak

20 January 2012

Beowulf Mining Plc

("Beowulf" or the "Company")

Appointment of technical consultant in relation to

the Kallak project

Beowulf (AIM: BEM; Aktietorget: BEO), the AIM and Aktietorget traded mineral exploration company which owns several exploration projects in Sweden, announces that it has appointed Micon International Co Limited ("Micon") as a technical consultant, with immediate effect. Micon will provide a number of consultancy services to Beowulf's wholly owned Swedish subsidiary, Beowulf Mining AB, in relation to its ongoing work on the Kallak project including, inter alia, the following:

· reviewing the existing drilling data and providing recommendations for future drilling, focusing on extending the known limits of the deposits and defining additional Inferred mineral resources;

· developing a programme of definition drilling to seek to upgrade mineral resources from the JORC Inferred to Indicated category;

· reviewing existing resource modelling, including verification of the assay results database, and generating a preliminary mineral resource model;

· compiling operating parameters and costs in order to facilitate a Whittle pit analysis of a preliminary Kallak North block model; and

· providing support during the selection of metallurgical composite samples for ore characterisation analysis.

Micon (www.micon-international.com) has provided consulting services to the international mining industry since 1988, with a particular focus upon mineral resource estimations, metallurgical services, mine design and production scheduling, preparation of pre-feasibility and feasibility studies, independent reviews of mining and mineral properties, project monitoring, independent engineer roles, financial analysis and litigation support.

Clive Sinclair-Poulton, Executive Chairman of Beowulf, commented:

"We are delighted to announce the appointment of Micon to provide technical consultancy services to Beowulf Mining AB. Their extensive international expertise will assist us in the continued development of our Kallak project, as we seek to combine further definition of the project's estimated resource with the commencement of an initial design plan for an open pit mine, comprising our short and medium-term objectives for this exciting asset."

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