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: +46 705 232 806
Gavin Burnell
Ruegg & Co. Limited Tel: +44-(0)207 584 3663
Nick Bealer
King & Shaxson Tel: +44-(0)207 426 5986
Gary Middleton
St Swithin's Public Relations Tel +44 (0) 207 429 4391
This information is provided by RNS
The company news service from the London Stock Exchange