Transaction in Own Shares

Griffin Mining Ltd

Transaction in Own Shares

3rd December 2012

Griffin Mining Ltd ("the Company") announces that on 30th November 2012 it purchased 50,000 of the Company's own ordinary shares ("Ordinary Shares") at a price of 29.25p per share. The Ordinary Shares have been purchased for cancellation (the "Purchase and Cancellation").

The purchase represented 0.03% of the Company's issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 175,451,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Griffin Mining Limited +44 (0) 20 7629 7772

Mladen Ninkov, Chairman

Roger Goodwin, Finance Director

Panmure Gordon (UK) Limited +44 (0) 20 7459 3600

Dominic Morley

Hannah Woodley

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