January 2016

Further to the announcement made on 14th January 2016, Griffin Mining Limited (“Griffin”) is pleased to confirm that approval to resume blasting has been given by all appropriate Chinese authorities and as such operations have fully recommenced at Caijiaying.

Griffin Mining Limited (“Griffin”) is pleased to report that further to the announcement made on 11th January 2016, the Chinese safety bureau has lifted its suspension order and allowed the recommencement of mining and haulage operations at Caijiaying. Blasting is expected to recommence by the end of the week.

Griffin Mining Limited (“Griffin”) is pleased to report that the new 35kv mains power line has now been connected to the Caijiaying mine site and activated allowing work to commence on commissioning the new third main ball mill.

Further to the announcement made on 19th October 2015, the Chinese state safety bureau have completed their investigatory work into and reported on the circumstances that caused the death underground of an employee of the mining contractor on 17th October 2015.  Whilst the primary cause of the incident was determined as being poor quality cement supplied, all recommendations to improve safety at Caijiaying made by the safety bureau have been implemented and a fine of Rmb500,000 paid.  As a result mining operations are expected to recommence shortly.