CREST Depository Interests

Griffin Mining Ld
11 November 2002



                             GRIFFIN MINING LIMITED

               1 Berkeley Street, London, W1J 8DJ, United Kingdom
       Telephone: + 44 (0)20 7016 8821  Facsimile:  + 44 (0)20 7016 9124
                   E mail: [e-mail]


                               11th NOVEMBER 2002

                            CREST DEPOSITORY INTERESTS


Griffin Mining Limited ('Griffin' or 'the Company') is pleased to announce that
with effect from today interests in the Company's ordinary shares may be held
and transferred within the CREST electronic settlement system, pursuant to a
depository interest arrangement established by Griffin, which is incorporated in
Bermuda.

The Company has arranged for Capita IRG Trustees Limited (the 'Issuer') to issue
depository interests in respect of the underlying ordinary shares (the '
Depository Interests') which may then be held and transferred within CREST.

The Depository Interests will carry the same ISIN number (BMG319201049) as
Griffin ordinary shares.  Shareholders may continue to hold and transfer Griffin
shares by way of the CREST residual settlement mechanism should they wish to.

Griffin is the first Bermuda Company with its shares listed or traded in London
to secure CREST settlement.

Mladen Ninkov, Chairman of Griffin, commented 'Griffin has continued to be an
innovator in all fields in which it operates, whether operationally, or as in
this instance, administratively.  The Company has made buying and selling its
securities easier, cheaper, quicker and therefore more attractive to investors
by becoming the first Bermuda Company to enable interests in its ordinary shares
to be settled electronically.'


Further information


Mladen Ninkov - Chairman                           Telephone: [phone]

Roger Goodwin - Finance Director                   Telephone: [phone]

Charles Dampney - Charles Stanley                  Telephone: [phone]




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:
                               griffinmining.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange