NEWS

Recommencement Of Operations At Caijiaying

Further to the recent announcements made by Griffin Mining Limited (“Griffin”), Griffin is pleased to announce that not only have mining and milling activities recommenced at the Caijiaying Mine, but that approval has now been granted by the Chinese authorities, in conjunction with the previously granted mining licence, to process up to 750,000 tonnes of ore per annum through the fully commissioned upgraded mill. Formal approval of the upgraded processing design is expected in the new year upon the completion and submission of the design of the already constructed new processing facilities by a recognised Chinese design institute. With the upgrade of the processing facilities completed, Griffin anticipates that ore extraction and milling rates will reach the equivalent of 750,000 tonnes of ore per annum by the Spring of 2011.

Recommencement Of Operations At Caijiaying

Further to the announcements made by Griffin Mining Limited (“Griffin”) since 9th of August 2010, Griffin is pleased to announce that having satisfactorily dealt with all official recommendations for safety improvements, Griffin’s local Chinese company has received formal approval from the Zhangjiakou City Government and the Zhangjiakou Safety Bureau to re commence mining activities at the Caijiaying mine. With electrical power having now been restored, mining and processing operations have recommenced at Caijiaying.

Transaction in Own Shares and Total Voting Rights

Griffin Mining Ltd (“the Company”) announces that on 6th December 2010 it purchased 30,000 of the Company’s own ordinary shares (“Ordinary Shares”) at a price of 39.5p 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 byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 180,883,396 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Transaction in Own Shares and Total Voting Rights

Griffin Mining Ltd (“the Company”) announces that on 2nd December 2010 it purchased 25,000 of the Company’s own ordinary shares (“Ordinary Shares”) at a price of 37p 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 byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 180,913,396 Ordinary Shares in the Company in issue. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA’s Disclosure and Transparency Rules.

Transaction in Own Shares and Total Voting Rights

Griffin announces that on 30th November 2010 it purchased 100,000 of the Company’s own ordinary shares (“Ordinary Shares”) at a price of 36.5p per share. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.055% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

In accordance with Disclosure and Transparency Rule 5.6.1, following the Purchase and Cancellation, the Company’s issued share capital comprises 180,938,396 each with voting rights. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Griffin under the FSA’s Disclosure and Transparency Rules.

Change of Advise

Griffin Mining Ltd is pleased to announce the appointment of Panmure Gordon (UK) limited as nominated adviser and broker with immediate effect.

Transaction in Own Shares and Total Voting Rights

Griffin announces that on 23 November 2010 it purchased 150,000 of the Company’s own ordinary shares (“Ordinary Shares”) at a price of 33.4p per share. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.08% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

In accordance with Disclosure and Transparency Rule 5.6.1, following the Purchase and Cancellation, the Company’s issued share capital comprises 181,038,396 each with voting rights. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Griffin under the FSA’s Disclosure and Transparency Rules.

China Mining Award

Griffin Mining Limited (“Griffin”) is extremely pleased to announce that its Chinese subsidiary, Hebei Hua Ao Mining Industry Company, has been awarded the “Mining Environment Protection Outstanding Achievement Award” at the China Mining Conference held in Tianjin China on 16th and 17th November. This prestigious award was given in recognition of the high environmental standards imposed and maintained at Griffin’s Caijiaying zinc gold mine.

Share Buy Back

Griffin announces that on 4 November 2010 it purchased 200,000 of the Company’s own ordinary shares (“Ordinary Shares”) at a price of 35p per share. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.11% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

In accordance with Disclosure and Transparency Rule 5.6.1, following the Purchase and Cancellation, the Company’s issued share capital comprises 181,238,396 each with voting rights. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Griffin under the FSA’s Disclosure and Transparency Rules.

Progress Report on Caijiaying Operations

Further to the announcements made on the 9th and 16th of August, 28th September and on the 25th October, Griffin Mining Limited’s (the “Company” or “Griffin”) subsidiary, Hebei Hua Ao Mining Development Company Limited (the “Subsidiary”), has received the report from the Chinese authorities on the two contractor fatalities at the Caijiaying Mine. Whilst the report attributes no direct blame on Griffin or its Subsidiary, the Chinese authorities have imposed various fines amounting to Rmb670,000 (£62,000) on the Subsidiary and the report makes a number of recommendations for improving safety at the mine. The report also holds numerous personnel at fault and imposes minor fines and/or other penalties upon them. The Subsidiary has three days to appeal the findings of the report should it deem appropriate to do so.

The suspension of mining activities at Caijiaying will be lifted once the recommendations contained in the report have been fully implemented. It is anticipated that the safety recommendations will take a number of weeks to complete once electrical power has been restored to the Caijiaying mine. In this regard Griffin has not received any further information as to when the electrical power will be restored in full. In addition, production from the Caijiaying Mine will be limited to 200,000 tonnes of ore per annum throughput, which is in the process of being increased to 750,000 tonnes per annum, until certain upgrade design features have been approved by the Chinese authorities. The Subsidiary has already engaged a number of Chinese firms to approve the constructed mine upgrade designs.