Option and earn-in agreement

Beowulf Mining PLC
13 December 2005


                               BEOWULF MINING PLC

                                  News Release

  OPTION AND EARN-IN AGREEMENT ON BALLEK EXPLORATION PERMITS, NORTHERN SWEDEN


LONDON: 13 December 2005 - The directors of Beowulf Mining PLC ('Beowulf') the
AIM listed copper, gold and uranium explorer, are pleased to report the signing
of an option and earn-in agreement on the Ballek 2, 3 and 4 exploration permits
that cover 100 square kilometres of Arjeplog County of Northern Sweden.

Vismand Exploration Inc ('Vismand') has been granted an option to acquire a 50%
interest in the licences by undertaking deep sensing Titan 24 geophysical
surveys (which includes induced polarization, resistivity and magneto telluric
methods), and 3000 metres of diamond drilling. Vismand have agreed to regular
press releases and to conduct the program in an agreed time period.

The surveys are intended to identify targets associated with the gravity anomaly
under the claim block.

Vismand Exploration Inc. (www.vismand.com) is a private Canadian company which
has an impressively experienced board and exploration team. It recently raised
$15.8m in exploration finance.

For further information contact :-

Jan Larsson
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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