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March 2014

Appointment of Director

Griffin Mining Ltd (“Griffin” or “the Company”) is pleased to announce the appointment of Mr Adam Usdan as a non-executive director of the Company.

Mr Usdan, aged 52, is the President of Trellus Management Company LLC, an equity hedge fund based in the U.S. Mr Usdan founded Trellus Management in January 1994 and has been in the investment advisory industry for over 25 years. Mr Usdan began his investment career in 1987 at Odyssey Partners, where he was responsible for managing long/short U.S. equity (small to mid-cap) pools of capital. Mr Usdan holds an MBA from the Kellogg Graduate School of Management at Northwestern University with majors in Finance, Marketing, and Accounting, and a BA in English from Wesleyan University.

Chairman, Mr Mladen Ninkov, commented “We‘re delighted that Adam has made himself available to sit on the board of Griffin. He is a founding, substantial shareholder of this company who has provided continuous loyal support for over 17 years. The formalization of his relationship with the company can only bring positives for all shareholders.”

CURRENT DIRECTORSHIPS / PARTNERSHIPS PAST DIRECTORSHIPS/PARTNERSHIPS (LAST 5 YEARS)
Trellus Co. LLC
Trellus Management Company, LLC

 

Adam Usdan, through both direct and indirect interests, has a beneficial interest in 28,794,113 shares in Griffin, representing 16.1% of the Company’s issued share capital.

Save for the above, there is no further information required to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules in relation to the appointment of Adam Usdan.