New licence application

Beowulf Mining PLC
23 January 2007



                               BEOWULF MINING PLC

                                  News Release


London 23 January 2007 - Beowulf Mining PLC ('Beowulf') is pleased to announce
that it has applied for a new licence (Ballek 5) adjacent to its existing
licences Ballek 2- 4, in Aejeplog County, Northern Sweden. The licences are
considered prospective for copper, gold and uranium.


For further information contact:-

Dr. Robert Young

Beowulf Mining PLC - 01353 649701


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