Transaction in Own Shares

Transaction in Own Shares and Total Voting Rights

22nd November 2010

Griffin Mining Limited ("Griffin" or "the Company") announces that on 19 November 2010 it purchased 50,000 of the Company's own ordinary shares ("Ordinary Shares") at a price of 33p 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.

In accordance with Disclosure and Transparency Rule 5.6.1, following the Purchase and Cancellation, the Company's issued share capital comprises 181,188,396 each with voting rights. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Griffin under the FSA's Disclosure and Transparency Rules.

Griffin Mining Limited +44 (0) 20 7629 7772

Mladen Ninkov, Chairman

Roger Goodwin, Finance Director

Investec Investment Banking +44 (0) 20 7597 5104

Stephen Cooper

Cara Griffiths

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