Change of Adviser

Beowulf Mining plc                               

                         ('Beowulf' or the 'Company')                          

                               Change of Adviser                               

Beowulf (AIM: BEM), the AIM-traded mineral exploration company which owns the
Ballek copper gold uranium project, the Ruoutevare iron project and the
Grundtrask gold project in Northern Sweden, announces the appointment of
Alexander David Securities Limited as sole Broker to the Company, with
immediate effect.

Bob Young, Chairman commented "We would like to thank King & Shaxson Capital
Limited and City Capital Securities Limited for their services and look forward
to working with Alexander David".

Dr. Robert Young, Chairman Beowulf Mining Plc

[phone]

Gavin Burnell Ruegg & Co Limited

[phone]

David Scott/Nick Bealer Alexander David Securities Limited

[phone]

Gary Middleton St. Swithins PR Ltd

07951 603 289