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Griffin Mining News
Date:01 May 2008
Headline:RESPONSE TO YUKON ZINC CORPORATION

Griffin Mining Limited (“Griffin” or “the Company”) has been notified in writing by Yukon Zinc Corporation (“Yukon Zinc”) that the Board of Directors of Yukon Zinc intend to accept a cash offer from Northwest Non Ferrous International Investment Company Limited and Jinduicheng Molybdenum Group Limited (the “Acquirors”) for the acquisition of all the issued common stock of Yukon Zinc for a cash price of C$0.22 (twenty two Canadian cents) per share. The Acquirors offer is subject to a five day stand still period allowing Griffin to amend or increase its previous offer to Yukon Zinc of 18th April 2008.

The Company has notified Yukon Zinc that it does not intend to increase its offer for the shares of Yukon Zinc.
Griffin Mining Limited
6th Floor
60 St James's Street
London
SW1A 1LE

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