New Exploration Permit

Beowulf Mining PLC
26 January 2006


                               BEOWULF MINING PLC

              Beowulf expands present holdings in Northern Sweden.
          Registers new mineral claim hosting large titanium deposit.

London 26 January 2006 : Beowulf Mining PLC (AIM:BEM), the AIM listed mineral
exploration company, with projects in Sweden, announces that the Swedish state
mining authority, Bergsstaten, has registered an exploration permit for Beowulf
for a new area called Ruoutevare, covering a large ore deposit of titanium. The
claim has a total area of 850 hectares and is located in the Caledonides
mountain region, within the Jokkmokk County, approximately 50 km west of
Beowulf's Majves' claims in northern Sweden. (See www.beowulfmining.com).

The permit covers the Ruoutevare titaniferous iron deposit, which has been known
of since the 18th century and investigated several times during the last
century. As yet no production has occurred. The investigated part of the deposit
is relatively flat lying, and covers an area of 387,000 m2.

The reserves at the latest study in 1975 by the Geological Survey of Sweden
(SGU) are estimated at 116 million tonnes with an average 38.2% Fe (iron), 5.6%
Ti (titanium) and 0.17% V (vanadium). A richer section of 20 million tonnes is
registered with a grade of 47% Fe, 11% TiO2 and 0.15% V2O5. These figures are
based on 32 drill holes and do not follow present JORC or 43-101 standards.
The mineralization consists of magnetite, ilmenite, spinel and smaller amounts
of pyrrhotite, chalcopyrite and pentlandite. The dominant silicates in the
mineralizations are plagioclase, olivine, pyroxene and garnet. The host rock is
a large, mafic intrusion defined as anorthosite, which locally grades into
gabbro.

Commenting on the news, Dr. Robert Young, Beowulf's Chairman said, 'In the light
of the present demand by various industrial sectors for titanium Beowulf intends
to re-evaluate available data, and will perform additional local studies and
drilling, and hopes to turn the Ruoutevare deposit into a commercial titanium
mine.'


For further information contact :

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

Mr Gavin Burnell, Ruegg & Co. Ltd Tel.   [phone]

Mr Gary Middleton, St. Swithins PR Tel.  [phone]

Mr. Nick Bealer, King & Shaxson Tel.     [phone]

Notes on titanium, market etc:

Titanium is a metal with many special properties. The metal has an excellent
strength to weight ratio and is almost totally resistant to corrosion and
erosion. This makes the metal in great demand by the world's airline industry,
which consumes a major part of the present world production. By using titanium
the airline industry can extend the life of the aeroplanes produced. The present
boom in aircraft building has resulted in a forecast increase in usage of
titanium by the civilian airline industry from an estimated 29,000 tonnes in
2004 to 48,000 tonnes by 2008.

Because of its unique biocompatible properties titanium is also increasingly
used by the medical sector. The metal has a large range of applications as an
effective material for the manufacturing of hip prosthesis, cardiac pacemakers,
artificial jaws, etc. The outstanding strength to weight ratio of titanium has
also opened up a new and fast growing market with its usage by the sport sector
for manufacturing heads and shafts for golf clubs.

Titanium as titanium oxide (TiO2) is used by the chemical industry. It is a
white pigment, which is used in paints, paper and plastics.

The metal is not traded on metal bourses but is sold by local producers, who
determine the price. The worlds' largest titanium producer is the Russian
company VSMPO- Avisma. The price of one kilogram of pure titanium plate is today
approximately 20 USD or about 6-7 times that of stainless steel. With special
alloys the price of titanium plates is much higher.







                      This information is provided by RNS
            The company news service from the London Stock Exchange
                 BTF