Beowulf Mining PLC (BEM.L) Kallak Iron Ore Project – UNESCO comments

Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, has just received UNESCO’s letter with its comments on the Company’s application for an Exploitation Concession for the Kallak Iron Ore Project (“Kallak”).

The letter is dated 2 June 2021 and yet the Company has only received it today. The Company is reviewing the letter and will be making a further announcement shortly.

Enquiries:

Beowulf Mining plc

Kurt Budge, Chief Executive Officer

Tel: +44 (0) 20 7583 8304

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 .


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