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2017-10-30

Beowulf: Swedish Chairman Appointment

Beowulf Mining plc

("Beowulf" or the "Company")

30 October 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 the appointment of Mr.
Per Göran Färm (known as Göran, 68 years' old) as Non-Executive
Chairman of the Company with immediate effect.

Göran was born in 1949, and has been an elected Member of European
Parliament ("MEP") from 1999 to 2004 and, then again, from 2007 to
2014. Göran was also Deputy Mayor of Norrköping during the 1990s.

Göran has experience in industrial policy as a former Head of the
Swedish Trade Union Confederation's unit for economic policy and
investigation, as head of business issues in the City of Norrköping
and as former MEP of the Committee of Industry, Research, and Energy
of the European Parliament.

Göran has extensive experience in communications as a former
journalist, Director of Information at Riksbyggen, and as a public
affairs advisor.

In 2015, Göran was elected as Chairman of Kommuninvest, a public
development bank owned by Swedish municipalities, cities, and
regions.

Kurt Budge, CEO, commented:

"I would like to give a final thanks to Bevan Metcalf, who has
contributed so much to the Company over the past three years, and
wish him the best in his retirement.

"It gives me great pleasure to welcome Göran to the team. He has
shown great enthusiasm to playing a role in what, I hope, are the
final stages to being awarded an Exploitation Concession for Kallak
North. He has tremendous experience with Swedish media and politics,
and will greatly complement the Beowulf team."

Göran Färm, Chairman, commented:

"I am very pleased to be taking over stewardship of Beowulf from Bevan
Metcalf, and I would like to join Kurt in thanking Bevan for his
contribution to the Company.

"The crucial task ahead is to get the Kallak project in Jokkmokk
started. We welcome that the Government has asked the County
Administrative Board ("CAB") for the County of Norrbotten to deliver
its final opinion by 1 December 2017.

"I am looking forward to taking part and contributing to the
development of a new and sustainable mining operation in Sweden, at
Kallak.

"Through collaboration with local stakeholders, the Company will
continue to reach out, seek, and find mutually acceptable solutions,
and thereby overcome challenges.

"The Scoping Study provides an excellent opportunity to further
demonstrate the Company's ambition, to design and engineer a modern
and sustainable mining operation, with proper care and attention
given to the interests of reindeer herding communities.

"Kallak has the potential to transform Jokkmokk, with new jobs, new
business opportunities, and new investment and development. I am
looking forward to playing my part in delivering this exciting
future."

An interview with Göran Färm can be viewed at the following link:

https://www.youtube.com/watch?v=4HSHNo2S7D0&feature=youtu.be

Additional Information Required by AIM Rule 17

Pursuant to Rule 17, Schedule Two (g) of the AIM Rules, the following
is disclosed in respect of Göran Färm:

Current Appointments:

Kommuninvest Ekonomisk Förening, Chairman of the Board

IKAGEMA AB and HB (renamed, earlier Infärmation Europa AB)

Appointments in the last five years:

Norrköping Airport AB, Chairman of the Board.

There is no other information regarding Göran Färm required to be
disclosed under the AIM Rules.

Beowulf Mining - About Us

Beowulf Mining plc is a Nordic focused, multi commodity, exploration,
and development company with assets in Sweden and Finland. Beowulf
is listed on the AIM in London and the AktieTorget in Stockholm (AIM:
BEM; Aktie: BEO). The Company is majority owned by Swedish
investors.

The Company's flagship project is the Kallak magnetite iron ore
deposit near Jokkmokk, in the County of Norrbotten, northern Sweden,
from which we have produced a testwork concentrate grading over 71
per cent iron content. The Company is awaiting a decision on its
application for an Exploitation Concession for the Kallak North
project.

The Company is also exploring for volcanogenic massive sulphide
("VMS") type deposits on its Åtvidaberg Licence in Östergötland,
southern Sweden.

In Finland, Beowulf has a portfolio of early-stage graphite
exploration projects. Through its Finnish subsidiary, Beowulf is a
partner in the FennoFlake project, a collaborative group with
partners representing the entire graphite value chain, from
identification to exploration and mining, processing to end products
and market applications.

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

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http://news.cision.com/se/beowulf/r/swedish-chairman-appointment,c2378318
http://mb.cision.com/Main/11673/2378318/743604.pdf

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