Director/PDMR Shareholding

BEOWULF MINING PLC                               

                            Director Share Purchase                            

17 October 2008

Beowulf Mining PLC (AIM: BEM ; Aktietorget: BEO) ("the Company"), the AIM and
Aktietorget - traded mineral exploration company which owns several exploration
projects in Sweden announces that Merchant Adventurers Company Limited ("MACL")
yesterday purchased 100,000 ordinary shares in the Company at a price of 2p per
share. Clive Sinclair-Poulton, a director of Beowulf is the owner and a
director of MACL.

Following this purchase Mr Sinclair-Poulton has a beneficial interest in
350,000 ordinary shares of 1p each in the Company, representing approximately
0.4% of the Company's issued share capital.

Contact:

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