13 February 2023

Beowulf Mining plc

("Beowulf" or the "Company")

Interview with Kurt Budge and Ulla Sandborgh

Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, publishes an English translation of an interview with Kurt Budge, CEO of Beowulf Mining and Ulla Sandborgh, CEO of Jokkmokk Iron in the Swedish economics magazine Affärsvärlden.

In the interview, Kurt shares his views on the upcoming investments in Kallak and ongoing rights issue and Ulla provides her perspective on Kallak and Jokkmokk Iron's exciting future.

The original piece can be read here:

https://www.affarsvarlden.se/native/nyemission-hos-beowulf-mining-ett-steg-mot-fossilfri-staltillverkning?utm_source=Aff%C3%A4rsv%C3%A4rlden+-+NEW&utm_campaign=cd4174e4b8-EMAIL_CAMPAIGN_2023_02_09_02_11&utm_medium=email&utm_term=0_-cd4174e4b8-%5BLIST_EMAIL_ID%5D

The English translation can be read here:

https://beowulfmining.com/wp-content/uploads/2023/02/Affarsvarlden-article-ENG.pdf

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Cautionary Statement

Statements and assumptions made in this document with respect to the Company's current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of Beowulf. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to , (i) changes in the economic, regulatory and political environments in the countries where Beowulf operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) Beowulf's continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) metal prices, particularly as regards iron ore. In the light of the many risks and uncertainties surrounding any mineral project at an early stage of its development, the actual results could differ materially from those presented and forecast in this document. Beowulf assumes no unconditional obligation to immediately update any such statements and/or forecast.