• Thursday 28th October 2010

Progress Report on Caijiaying Operations

Progress Report on Caijiaying Operations

Further to the announcements made by Griffin Mining Limited (“Griffin” or the “Company”) on the 9th and 16th of August 2010 and the 28th of September 2010, the Company has been informed that the report on the death of 2 employees of the mining sub-contractor at Caijiaying has been completed by all the relevant Chinese governmental agencies and is now awaiting final approval by the Zhangjiakou government prior to its release. This is expected to occur in the next 14 days.

In the interim, progress has been achieved in obtaining limited electricity supplies to site to maintain essential mine services, and in particular, the dewatering of the underground drives and stopes. A date has not yet been released by the Chinese authorities as to when the previously announced electricity restrictions to meet Chinese targets for the reduction in energy consumption will be lifted.