Mladen Ninkov, Chairman, Australian, aged 46, holds a Masters of Law Degree from Trinity Hall, Cambridge and Bachelor of Laws (with Honours) and Bachelor of Jurisprudence Degree from the University of Western Australia. He is a principal of Keynes Capital. He has a mining, legal, fund management and investment banking background and is admitted as a barrister and solicitor of the Supreme Court of Western Australia. He was a director and Head of International Corporate Finance at ANZ Grindlays Bank Plc in London, a managing director of Maxwell Central and East European Partners plc in London and a Vice President of Prudential-Bache Securities Inc. in New York. He also worked at Skadden Arps Slate Meagher & Flom in New York and Freehill Hollingdale & Page in Australia. He was Chairman of Westgold Resources NL and a director of Ramsgate Resources NL, both companies listed on the Australian Stock Exchange, and was also a director of Mt Monger Gold Project Pty Ltd, Castle Hill Resources NL and Matu Mining Pty Ltd.

Roger Goodwin, Finance Director, British

Roger Goodwin, Finance Director, British, aged 53, is a Chartered Accountant. He has been with the Company since 1996 having previously held senior positions in a number of public and private companies within the natural resources sector. He has a strong professional background, including that as a manager with KPMG, with considerable public company and corporate finance experience, and experience of emerging markets particularly in Africa, the CIS and Eastern Europe. Roger was named as one of the top 100 UK finance directors of 2004 by Finance Week magazine.

Dal Brynelsen, Director, Canadian

Dal Brynelsen, Director, Canadian, aged 61, is a graduate of the University of British Columbia in Urban Land Economics. Mr. Brynelsen has been involved in the resource industry for over 30 years. He has been responsible for the discovery, development and operation of several underground gold mines during his career. Mr. Brynelsen is the President and a director of Vangold Resources Limited and provides independent consulting services to private clients and institutions.

William Mulligan, Director, American (US)

William Mulligan, Director, USA, aged 64, has a BSc from Thomas Clarkson University, an MS in Geological Engineering from the University of Connecticut and an MBA from NYU Bernard Baruch School of Business Administration. He is currently the Managing Director for Global Projects and Political Risk at AIG Global Trade and Political Risk Insurance Company, a wholly owned subsidiary of American International Group Inc., and a director of AIG Investment Bank (ZAO) Ltd based in Moscow. From 1994 to 1996 he was Executive Vice President for Corporate Development at Latin American Gold Limited. He was a director of Arcon International Plc, the Dublin based company which operates the Galmoy zinc mine in Ireland.

Senior Executives:

Dominic Claridge, Project Manager, Australian

Dominic Claridge, Project Manager, Australian, aged 43 holds a degree in mining engineering from the University of Sydney (Australia). He has been involved in the mining industry for over 20 years having worked predominately with Australian mining companies, with short interludes in South Africa and Finland. He has worked in a variety of operations encompassing both underground and open cut mining, from small to medium sized mines. More recently he has worked in China as deputy general manager for an underground gold operation and was project manager for a start up gold operation in Australia.

Jeff Haitian Sun, General Manager, Chinese

Jeff Haitian Sun, General Manager China, Chinese, aged 46, is a Professor of Geology based in Beijing. He holds a PhD and MSc in mineral deposits from the Chinese University of Geosciences and has undertaken postdoctoral research in geology at the Norwegian University of Technology. Jeff has worked on a number of mineral projects both in China and overseas. Prior to joining Griffin he was engaged by Mundoro Mining Inc of Canada as a senior geologist.

Timothy Blyth, Operations Manager Caijiaying

Timothy Blyth, Operations Manager Caijiaying Australian, aged 47, holds an Associate Diploma in Geology from the Canberra Institute of Technology and has 24 continuous years experience in the Australian mining industry, with the last 10 years in senior management positions. Having started as an underground geologist, he also has significant experience of open pit mining. Prior to joining Griffin he spent the previous 5 years as Operations Manager and Project Manager for Hill 50 Gold, Harmony and Perilya. Previously he was a Chief Geologist (Geology Manager) for 5 years for Sons of Gwalia and then Hill 50 Gold.

William Zhang, Finance Manager China, aged 30, is an Australian resident and citizen of China. He holds a Bachelor of Commerce degree from University of Melbourne, and is an associate member of the Certified Public Accountants of Australia. He has a mining, accounting and finance background having worked on a number of coal mining projects both in China and Australia, including; Yanzhou Coal (a coal mining company listed in NYSE, SEHK, SSE) and Fiserv Solutions (a financial service firm listed in NASDAQ).