10th Aug 2005 07:30
Beowulf Mining PLC10 August 2005 BEOWULF MINING PLC News Release Goldfields Granted Rights of First Refusal on Ballek Licences. London 10 August 2005: The directors of Beowulf Mining plc ("Beowulf") havegranted Gold Fields Exploration B.V. ("Gold Fields") the right of first refusalfor three months to Joint Venture on the Ballek 2 and 3 licences explorationpermits in the Arjjeplog region of Norrbotten, Northern Sweden. The Ballek licences cover 78 square kilometres. The three month term of theagreement gives Gold Fields the right to assay drill core previously drilled bythe Geological Survey of Sweden, conduct geological investigations and enterprevious work into a geological data base. All results will be given to Beowulf. During the three months Gold Fields will have the right to negotiate a full formagreement, and will have the right to match any other offer made to Beowulf fora Joint Venture over the Ballek licences. The directors of Beowulf accept responsibility for this announcement. For further information contact :- Dr Robert Young, Beowulf Mining plc Tel. +44 (0) 1353 649 701 Mr Gavin Burnell, Ruegg & Co. Ltd Tel. +44 (0) 207 584 3663 Mr Gary Middleton, St. Swithins PR Tel. +44 (0) 207 929 4391 Mr. Nick Bealer, King & Shaxson Tel. +44 (0) 207 426 5986 This information is provided by RNS The company news service from the London Stock Exchange ENRelated Shares:
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