Beowulf Mining Plc:

* Tests show high grade copper concentrate at lulepotten deposit contained

32.4% copper, 5.6 g/t gold

320 g/t silver and 29 g/t tellurium.

-The tests show that the processing of the copper ore material obtained from the deposit won't be complicated.

-The high grade results achieved can only be marginally improved by further processing.

-Only low levels (< 0.01%) of bismuth, antimony and cobalt were noted.

-The flotation feed material contained 1.04% copper, 15 g/t silver and 0.4 g/t gold.