Further re Joint Venture with Agricola

Beowulf Mining plc ("Beowulf" or "the Company")                

                          High grade uranium results                           

               Ballek Joint Venture with Agricola Resources plc                

30 October, 2007

Agricola Resources plc, a PLUS-traded company(" Agricola") (PLUS SYMBOL: AGRI)
have today announced the following:

The directors of Agricola Resources PLC ("Agricola") the Plus market listed
uranium explorer, are pleased to inform that analytical results have been
received from local boulder samples from the Rebraur West prospect within the
Ballek no. 5 licence area located in the municipality of Arjeplog in N. Sweden
about 20 km northeast of the town centre. Uranium contents of up to 1.75% have
been obtained.

The Ballek Joint Venture concerns four licences covering 106 square kilometers,
Ballek 2, 3, 4 and 5. They are considered prospective for iron oxide copper
gold and uranium (IOCG) deposits.

During the 2007 field season scintillometer measurements and sampling of
boulders and outcrop over the Rebraur West uranium prospect was undertaken.
Drill holes and refilled trenches from 1980's exploration were studied and
highly radioactive boulders that are proximal to one of the trenches were
sampled.

The analytical results received show that the uranium content varied from 0.19%
to 1.75 % in the boulders that gave the highest scintillometer readings. The
boulders are considered remnants of the local bedrock within or close to the
trench, which is now refilled. The uranium grade is much higher than original
reported levels from bedrock (max 0.07 % of uranium) from the area in 1984.
Only background levels of thorium were noted, but high contents of lead is
accompanying high levels of uranium.

Future studies will include detailed soil grid radon cup surveys in order to
define drill targets in the area outside the previously drill tested zone.

The Rebraur West uranium prospect was originally discovered by the Geological
Survey of Sweden (SGU) in the early1970s. Limited drilling and trenching
outlined a uranium mineralization at outcrop between 1-8 m wide and extending
along several parallel fractures for 150 m but open in both directions along
strike. Grades of up to 700 ppm of uranium were reported. The fine-grained
uranium minerals occur in an albite-quartz-chlorite hostrock, (Gustafsson, B,
"Uranium report 1981-8", SGU, Malả, IRAP 84005).

Analytical results of these samples have now been received (table 1 below).

Table 1: Uranium, thorium and lead contents of boulders from trench area of the
Rebraur West prospect, Agricola Resources, October, 2007.

Sample no   Uranium assay %   Thorium %   Lead %

REB 07 001          0.264        0.004    0.08

REB 07 001b         0.394        0.004    0.10

REB 07 002           1.54        0.004    0.25

REB 07 003          0.192        0.005    0.37

REB 07 003b         0.953        0.005    1.02

REB 07 004           1.75        0.006    0.24

All samples were analysed by ALS Chemex laboratories at Vancouver, Canada.
Thirty six elements including uranium, thorium, base metals and gold and silver
were determined by ICP- analysis. Samples with high uranium were reanalyzed by
XRF techniques. No gold was recorded.

Background:

Agricola has signed an option and earn-in agreement with Beowulf Mining PLC
("Beowulf") the AIM listed copper, gold and uranium explorer on the Ballek 2,
3, 4 and 5 exploration permits that cover 110 square kilometres of Arjeplog
County of Northern Sweden.

Agricola has been granted an option to acquire a 51% interest in the licences
in exchange for undertaking magneto telluric, induced polarisation and
resistivity surveys, followed by 3,000 metres of diamond drilling. Initially
these surveys will be concentrated on the Ballek 2, 3 and 4 licences. Agricola
has agreed to conduct the programme by 31 December 2008.

The surveys are intended to identify targets associated with a large gravity
anomaly under the claim block, and to identify any iron oxide copper gold and
uranium (IOCG) deposits that maybe present in the Ballek area.

As announced on 3 May 2007 Beowulf will incorporate a new Swedish subsidiary
company to hold the Ballek exploration permits (the "Project Company").
Following completion of the agreed work programme, Agricola will have earned a
51% shareholding in the Project Company and will have the option to increase
this to a 70% shareholding by investing a further US$ 500,000 in the Project
Company.

Subsequent expenditure on the Ballek exploration permits will be made pro rata
to Beowulf and Agricola's respective interests, subject to adjustment of these
interests in the event that one party chooses not to fund their proportion of
such expenditure.

Agricola recently raised GBP 467,800 in exploration finance through an
investment made by Energy Ventures Limited (EVE), a Perth based investment
company listed on the Australian Securities Exchange (ASX). EVE will also
provide Agricola with technical expertise for its exploration programmes.


The information in this announcement has been reviewed and signed off by Dr.
Jan Ola Larsson, (Fil. Kand, PhD, DIC). Technical Director of the Company, who
has over 30 years relevant experience within the sector.

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]