Progress Report on Caijiaying Operations

Griffin Mining Limited

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773

E mail: [email protected]

Progress Report on Caijiaying Operations

25th October 2010.

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.

Griffin Mining Limited:

Mladen Ninkov (Chairman)

Roger Goodwin (Finance Director ) +44 (0)20 7629 7772

Investec Investment Banking:

Daniel Adams +44 (0)20 7597 5104

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com