Beowulf (AIM: BEM; Aktietorget: BEO), the AIM and Aktietorget traded mineral exploration company which owns several exploration projects in Sweden, announces that further to the release of 22 December 2011, the Company notes the official notification that it will not be prosecuted by The Prosecutors Office in Luleå or the Local Prosecutor in Gällivare in respect of the Company's alleged technical infringement of the Swedish Minerals Act relating to historic drilling conducted on its Kallak Project areas without valid workplans being in place. The Company is still awaiting a separate decision on this matter from the Mining Inspector at Bergsstaten.
Beowulf continues to consult with the Mining Inspector and the local Saami community to seek to resolve the objections raised to its work plans filed and notified in respect of the Company's 2012 drilling campaign on its Kallak nr 1 and Parkijaure nr 2 permit areas, on the grounds that it could potentially affect the Saami community's seasonal reindeer herding. Drilling operations at both Kallak North and Kallak South will remain suspended pending the outcome of this process.
A further update will be provided on the above matters in due course.
Beowulf Mining Plc
Clive Sinclair-Poulton, Chairman Tel: +353 (0)85 739 2674
Strand Hanson Limited
Matthew Chandler / Simon Raggett Tel: +44 (0)207 409 3494
Alexander David Securities Limited
David Scott Tel: +44 (0)207 448 9820
Lothbury Financial Services Limited
Gary Middleton / Michael Padley Tel: +44 (0)207 868 2010
or visit http://www.beowulfmining.net