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January 2014

Transaction in Own Shares

Griffin Mining Ltd (“the Company”) announces that on 15th January 2014 it purchased 25,000 of the Company’s own ordinary shares (“Ordinary Shares”) at a price of 35.5p per share. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.01% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the bye-laws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 179,041,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Change in Directorship

Mr William Mulligan has resigned as a director of Griffin Mining Limited (“the Company”) with immediate effect having voluntarily resigned upon reaching his 70th birthday.

Chairman’s comment:

Chairman Mladen Ninkov stated: “It with profound sadness that we accept the resignation of Bill Mulligan as a director of the Company. Bill was a foundation director of Griffin when it acquired its initial interest in Caijiaying in 1997 and has provided wise guidance, counsel and enthusiasm throughout the development, commissioning and subsequent expansions of the Caijiaying operations. Bill has been a giant of the mining industry throughout his exceptional career at Amax, Lehman Brothers, Chase Manhattan, Prudential Bache and many other major corporations. My fellow directors and I wish him a long, healthy and prosperous retirement. He will be sorely missed.”