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2017-09-01

Beowulf: Chairman Retirement

1 SeSeptember 2017

Beowulf Mining plc

1 September 2017

The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in the
public domain.

For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on behalf
of Kurt Budge, Chief Executive Officer.

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, announces that Bevan Metcalf,
Non-Executive Chairman, has notified the Board of his intention to
retire from his role with the Company once his successor has been
appointed. Bevan has served as Non-Executive Chairman of the Company
since 8 May 2015, and prior to that as Non-Executive Director from 23
September 2014.

The Company has begun the process of appointing a successor.

Kurt Budge, CEO, commented:

"Bevan played a key role in the turnaround of Beowulf, after we both
joined the Company as Non-Executive Directors in September 2014.

"I am very grateful for his support throughout my time as Chief
Executive Officer, and for his significant contribution to the
development of the Company.

"On behalf of Chris Davies, myself and everyone that has worked
alongside Bevan at Beowulf, I wish Bevan a long and happy retirement.

"I look forward to updating shareholders on progress to appoint a
successor in due course."

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

Cautionary Statement

Statements and assumptions made in this document with respect to the
Company's current plans, estimates, strategies and beliefs, and other
statements that are not historical facts, are forward-looking
statements about the future performance of Beowulf. Forward-looking
statements include, but are not limited to, those using words such as
"may", "might", "seeks", "expects", "anticipates", "estimates",
"believes", "projects", "plans", strategy", "forecast" and similar
expressions. These statements reflect management's expectations and
assumptions in light of currently available information. They are
subject to a number of risks and uncertainties, including, but not
limited to, (i) changes in the economic, regulatory and political
environments in the countries where Beowulf operates; (ii) changes
relating to the geological information available in respect of the
various projects undertaken; (iii) Beowulf's continued ability to
secure enough financing to carry on its operations as a going
concern; (iv) the success of its potential joint ventures and
alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding any
mineral project at an early stage of its development, the actual
results could differ materially from those presented and forecast in
this document. Beowulf assumes no unconditional obligation to
immediately update any such statements and/or forecasts.

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http://news.cision.com/se/beowulf/r/chairman-retirement,c2337387
http://mb.cision.com/Main/11673/2337387/716666.pdf

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