Issue of Equity

Beowulf Mining PLC
10 April 2006


Exercise of Warrants

The board of Beowulf Mining plc ('Beowulf') is pleased to announce the exercise 
of 300,000 warrants over new ordinary shares of £0.01 each in the capital of the 
company at an exercise price of £0.01 per share creating an additional £3,000 of 
working capital for the company.

Following the issue of the resulting shares the issued share capital of the 
Company will be 66,398,247.  Application will be made for the new shares to be 
admitted to trading on AIM on 18 April 2006.

For further details contact:

Dr. Robert Young, Chairman
Beowulf Mining plc Tel: [phone]

Gavin Burnell
Ruegg & Co. Limited Tel: [phone]

Nick Bealer
King & Shaxson Capital Limited Tel: [phone]

Gary Middleton
St Swithin's Public Relations Tel [phone]




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