Drilling Update

Beowulf Mining PLC
13 June 2006


                               BEOWULF MINING plc



PRESS RELEASE



          Diamond Drilling Intersects Further Sulphide Mineralization

         Over Substantial Widths at Grundtrask Gold Prospect, N. Sweden



London 13 June, 2006: Beowulf Mining PLC (AIM:BEM), the AIM listed mineral
exploration company is pleased to announce that a diamond drilling program has
been completed on the Company's 100% owned Grundtrask gold project in the
Skellefte Mining District, N. Sweden. The drill program has tested the southern
extension of the 'Central zone gold mineralisation' outlined from earlier
drilling by Beowulf.


Four inclined drill holes for a total of 264.95 metres have been drilled by the
contractor Ludvika Borrteknik HB using a lightweight, highly mobile GMG-100
wireline drill rig. All four holes have encountered abundant sulphide
mineralisation over substantial widths. The sulphides are composed of relatively
fine grained arsenopyrite, pyrite and chalcopyrite appearing as massive veins
and disseminations.


The structure hosting the mineralization is at least 750m in length and is open
at both ends. The drilling has encountered the sulphide mineralisation at
shallow depths and it is interpreted to be sub outcropping along most of its
extension under a relatively thin cover (12 metres or less) of glacial till and
sediments making the deposit amenable to open pit mining.


A total of 132 meter lengths of drill cores have been submitted for saw
splitting and sampling. The samples will be analysed for gold by Fire Assay
techniques and additional elements by ICP at the ALS/Chemex laboratory in
Vancouver, Canada. The assay results are expected in July 2006.



Technical background:


The Beowulf exploration permits of the Grundtrask area cover 43 square
kilometres. Within the permits anomalous gold anomalies of basal till sampling
extend over large areas. Detailed ground geophysical surveys have outlined a
number of bedrock structures possibly being associated with these gold
anomalies. Drill testing by Beowulf has now confirmed that only one of these
bedrock structures has a potential gold bearing extension of over 750 metres
with an average width of more than 25 metres. Still this mineralised structure
alone cannot explain the high levels of gold encountered in basal till samples
and the Company believes that further gold bearing bedrock structures remain to
be discovered within the Grundtrask property.


A number of favourable factors are of importance in consideration for a mining
operation to start up in the Grundtrask area. The terrain consists of gently
rolling hills extending parallel with the Central Zone mineralisation. The well
drained area of relatively thin cover of glacial deposits is extensively covered
by pine and spruce forests. The road network is excellent with good forestry
roads crosscutting the area. A major, high standard road, is running only 500 m
away from the Central Zone mineralisation. This road is used by the Lundin and
Boliden mining companies for the ore transports between the nearby located
Storliden mine to a concentrator plant at Boliden. Nearest major hydroelectric
power station is located at the Skellefte River only two kilometres away.


Table 1.

Technical details of drill holes DDH 06 001, 002, 003 and 004 of the Grundtrask
Gold Project area, N. Sweden.

Drill   Co-ordinates Overburden   Core   Orientation  Angle    Mineralized Core
Hole No                 metres    Length              degrees      section
            (UTM)                 metres    degrees              selected for 
                                                                  analysis
                                                                  (metres)
 06001   1666 531/        7.50   7.50-      210      45   12.40 - 40.20 = 27.80m
          7229 713               71.90
 06002   1666 518/        5.80   5.80-      210      45   5.80 - 36.90 = 31.10m
         7229 724                47.85
 06003   1666 449/        4.50   4.50-      210      60   5.55 - 70.20 = 64.55m
         7229 750                70.20
 06004   1666 405/       11.50   11.50-     210      45   62.60 - 72.00 = 9.40m
         7229 853                75.00

Total amount of drilling: 264.95 m






Notes to Editors.

Beowulf Mining PLC ('Beowulf') is focused primarily on the exploration and
development of mineral deposits in Sweden.

Beowulf is working on six projects in Northern Sweden which it considers have
commercial potential. The areas are:-

Ruoutevare Iron Titanium Project

Drilling in the 1970's by the Swedish Geological Surrey study estimated 116
million tonnes, with an average of 38.2% iron and 5.6% titanium. A richer
section of 20 million tonnes is registered with a grade of 47% iron and 11%
titanium oxide. Beowulf is conducting studies to a pre-feasibility study on the
deposit. This is to see if the deposit can be brought into production.

Kallak Iron Ore Claim

The company has registered an exploration claim of 500 hectares covering the
Kallak iron deposit. The Kallak Iron deposit was discovered by the Geological
Survey of Sweden in 1947-48. Only scattered drilling has been carried out and no
mining activity has been registered. Calculations based on geophysical data have
revealed a mineralization of 92 millions tonnes with 35-42 % Iron.

Ballek Copper Gold Project

The Company has three licences that cover 11 copper prospects, including the
Lulepotten copper-gold deposit which was drilled by the Geological Survey of
Sweden (SGU) between 1960 and 1971 and found to contain 5.1 million tonnes of
0.73% copper and 0.25 grams per tonne of gold.

Jokkmokk Copper Gold Project

The Company has four licences over copper-gold projects. 2004 drilling revealed
a copper gold ore body with an intersection of 110 metres of 0.82% copper
equivalent. The 2005 drilling tested outlying geochemical and geophysical
targets without finding other major copper-gold ore bodies. Exploration will be
continued on the main copper gold zone located in 2004.

Grundtrask Gold Project

The Company has three exploration permits in the Skellefte Mining District.
Drilling in 2003, 2004 and 2005 defined gold mineralization defined over a
'Central Mineralised Zone' of 600 metres with grades of about 1 gram per ton.
Further work is required to establish if a higher grade can be located on the
licences.

Ussalahti Copper Project

The Company has three licence exploration permits prospective for massive
sulphide copper and gold deposits.






For further information :-

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


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


Nick Bealer
King & Shaxson Tel: [phone]


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










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