Transaction in Own Shares

Griffin Mining Limited

8th Floor, 54 Jermyn Street, London, SW1Y 6LX. United Kingdom

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

E mail: [email protected]

Transaction in own shares

17th May 2017

Griffin Mining Ltd ("the Company") announces that on 16th May 2017 it purchased a further 100,000 of the Company's own ordinary shares ("Ordinary Shares") at a price of 51.375p per share. The Ordinary Shares have been purchased to be held in treasury. Following completion of the purchase of these shares there will be 8,928,103 shares held in treasury.

The purchase represented 0.06% of the Company's issued share capital and was pursuant to the bye-laws of the Company and a resolution of the directors.

Griffin Mining Limited

Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500

Dominic Morley

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