Company Information for Griffin Mining Ltd

AIM-GFM

www.griffinmining.com

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AIM; GFM

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Company Statement

Griffin Mining Ltd has successfully developed, built, commissioned and now operates very profitably, the Caijiaying Zinc-Gold mine in the People's Republic of China. This is a landmark achievement for the Company, the mining industry and the PRC.

In 2006 Griffin recorded an annual profit of US$29.5 million and declared a maiden dividend of US$0.03 per share.

2007 promises to be an even more exciting year. The Company has announced an upgrade to the Caijiaying mine and facilities to enable the processing of over 500,000 tonnes of ore per annum by the end of 2007 rising to 750,000 tonnes of ore per annum in 2008. The Company has also announced that in 2007 it will begin producing a second concentrate which will contain gold, silver and lead. This will be another significant source of revenue for the Company.

Lastly, the exploration programme continues underground with exploration and grade control drilling in zone III, pure underground exploration drilling at zone II in the newly constructed Fox Incline and exciting above ground diamond drilling between zones II and III.

Current Operations

CAIJIAYING ZINC-GOLD MINE

Griffin Mining Ltd, through two joint ventures, has a controlling interest in mining and exploration licences over 67 square kilometres in the Caijiaying area of the Hebei Province in the Peoples Republic of China.

Caijiaying is located approximately 200 km north west of Beijing in the Hebei Province in the PRC. The site is easily accessible by sealed road, which runs to the site, has adequate water supplies available from underground sources and is connected to the electricity grid. The Caijiaying area is on the south-east edge of the Mongolian Plateau.

Work is now underway to enable the processing capacity to be increased to 500,000 tonnes of ore per annum in 2007 and to 750,000 tonnes of ore per annum in 2008. The initial plant upgrade in 2007 will include a circuit for the production of a precious metals concentrate containing gold, silver and lead for sale in China.

Excellent results from an ongoing underground grade control drilling programme, resulting in a resource upgrade, gave confidence to the Company to commission a feasibility study for the expansion of Caijiaying to process 500,000 tonnes of ore per annum by the end of summer 2007 with a further expansion to process 750,000 tonnes of ore per annum by 2008.

Geographical Spread

China

Board of Directors and Key Management

Mladen Ninkov	(Chairman)	Australian
Roger Goodwin	(Group Finance Director)	British
Dal Brynelsen	(Non executive director)	Canadian
William Mulligan	(Non executive director)	American
Jeff Haitian Sun	(General Manager China)	Chinese
Rupert Crowe	(Chief Geologist)	Irish/Australian
Dominic Claridge	(Project Manager)
David Pelchen	(Mine manager)

Company Address

6th Floor
60 St James's Street
London, United Kingdom SW1A 1LE


Telephone:	+44 (0)20 7629 7772
Facsimile:	+44 (0)20 7629 7773
Email:	griffin[at]griffinmining.com
Website:	http://www.griffinmining.com

Additional Address/Key Contact

Registered Office
Clarendon House
2 Church St.
Hamilton, HM11
Bermuda

Zhangjiakou Office
No. 25 Mingde South Road
Zhangjiakou City
Hebei Province, China

Annual General Meeting

June. House of St Barnabas in Soho, London.

Year End

December 31

Nominated Brokers

Collins Stewart Limited
88 Wood Street
London EC2V 7QR

Nominated Advisors

Collins Stewart Limited

Most Recent Statement

28/04/08 - COUNTER OFFER TO PROPOSED ACQUISITION OF YUKON ZINC CORPORATION
08/04/08 - NEW MINE DISCOVERED AT CAIJIAYING - JORC RESOURCE FOR NEW DISCOVERY COMPLETED
03/12/07 - COMMISSIONING OF PRECIOUS METALS CIRCUIT
17/09/07 - INTERIM STATEMENT FOR THE SIX MONTHS ENDED 30th JUNE 2007
10/09/07 - OUTSTANDING ZINC & GOLD DRILLING RESULTS
10/09/07 - OUTSTANDING ZINC & GOLD DRILLING RESULTS

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