Changes to Board, Office and Company Secretary

8 May 2015

Beowulf Mining plc

("Beowulf" or the "Company")

Board Changes, Appointment of Company Secretary and Change of Registered Office

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company focused on the Kallak iron ore project in northern Sweden and its Swedish exploration portfolio, announces changes to the Board, the appointment of a Company Secretary, and change of Registered Office, effective immediately.

Bevan Metcalf moves from Senior Non-Executive Director to Non-Executive Chairman, in principle, a role he has been performing for the past six months. Having joined the Board of Beowulf on 22 September 2014, Bevan has played a central role in the Company's transition, including the management and corporate changes that have been implemented. Through these restructuring efforts, Beowulf has re-established itself, strengthened its financial controls and governance procedures, whilst the management team has re-focused the Company's strategy and aligned its interests with the interests of shareholders.

The Company is also pleased to announce the appointment of Liam O 'Donoghue as Company Secretary. Liam is a qualified corporate lawyer and director of the AIM specialist advisory and administration firm, CMS Advisory Group Limited.

In addition, the Company wishes to announce that its Registered Office has changed to 201 Temple Chambers, 3-7 Temple Avenue, London EC4Y 0DT.

Kurt Budge, Chief Executive, commented:

"The changes with Beowulf have been significant since Bevan and I joined the Company last September.

"We continue to press forward on all fronts in Sweden, respectfully engaging with local and county stakeholders, seeking to address outstanding issues and gain support for an early and positive decision by the Swedish Government on the Exploitation Concession for Kallak North.

"To support our broader ambitions for Beowulf and the execution of the Company's strategy, it is now time to consider strengthening the Board, and with Bevan at the helm we are seeking a Non-Executive Director with the requisite skills and experience to complement the management team."

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