Drilling Report

Griffin Mining Ld
08 March 2006





                         Griffin Mining Limited
          60 St James's Street, London SW1A 1LE, United Kingdom
       Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773
                       E mail: [e-mail]



                                 8th March 2006



                     GOLD RESULTS FROM UNDERGROUND DRILLING



Griffin Mining Limited ('Griffin'or the 'Company') is extremely pleased to
announce the results of the underground drilling programme completed at the
Caijiaying zinc-gold mine to the end of December 2005.



Summary of Best Results



          8.80 metres @ 19.20 g/t gold & 7.35% zinc

          9.65 metres @ 10.08 g/t gold & 10.11% zinc

          22.7 metres @ 8.36 g/t gold & 6.44% zinc

          10.20 metres @ 8.65 g/t gold & 5.04% zinc

          11.55 metres @ 7.38 g/t gold & 8.34% zinc

          6.20 metres @ 14.27 g/t gold & 13.96% zinc

          9.50 metres @ 7.81 g/t gold & 6.97% zinc

          5.00 metres @ 11.15 g/t gold & 4.67% zinc

          5.45 metres @ 8.92 g/t gold & 10.17% zinc



The results show that there is an emerging gold resource within a larger zone of
zinc mineralization, as was foreshadowed in the pre-mining studies.  The
majority of the high gold values sit below the level of current mining activity
(the 1355 level) and will not be mined until later in the mining schedule.
Ongoing investigations are continuing to try to define the controls on the gold
distribution including research at the University of Tasmania in Australia.



The attached table lists the best intersections recorded to date within the
whole of the Zone III drilling programme which fall within the Jin Long Lode,
the first area for drilling up a mineable gold resource within Zone III.



Mladen Ninkov, Griffin's Chairman, commented as follows:


'These extraordinary results speak for themselves'





Further information


Mladen Ninkov - Chairman                          Telephone: [phone]
Roger Goodwin - Finance Director
Griffin Mining Limited

Andrew Smith/Martin Eales                         Telephone:[phone]
Collins Stewart Limited

Hugo de Salis                                     Telephone: [phone]
St Brides Media & Finance Ltd



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



                         Significant intersections from underground drilling in Jin Long Lode

                                            (of  >3m@3grams per tonne gold)


Hole         From     To         Interval         Au g/t          Zn%             Pb%              Ag g/t
UGCJY-005    76.00    81.00      5.00             3.86            7.26            0.01             11
UGCJY-008    77.60    81.17      3.57             7.16            13.43           0.02             15
UGCJY-015    27.30    38.26      10.96            4.92            3.76            0.14             15
UGCJY-040    21.00    25.20      4.20             6.54            5.47            0.04             25
UGCJY-079    30.00    34.30      4.30             3.24            5.46            0.02             18
UGCJY-090    40.00    46.00      6.00             5.32            5.82            0.19             46
UGCJY-105    68.90    71.90      3.00             4.00            6.15            0.01             6
UGCJY-120    29.00    34.05      5.05             6.74            7.73            0.05             28
UGCJY-123    38.00    48.20      10.20            8.65            5.04            0.02             21
UGCJY-134    36.00    39.50      3.50             4.45            7.56            0.66             143
UGCJY-154    17.00    20.45      3.45             3.72            5.45            0.01             6
UGCJY-167    45.25    54.90      9.65             10.08           10.11           0.21             71
UGCJY-168    60.55    66.00      5.45             8.92            10.17           0.14             47
UGCJY-170    57.25    61.50      4.25             5.29            4.72            0.09             44
UGCJY-190    72.75    76.70      3.95             3.59            5.88            0.02             17
UGCJY-192    47.00    59.00      12.00            3.58            2.75            0.01             12
UGCJY-200    42.70    49.50      6.80             6.55            2.60            0.22             44
UGCJY-202    35.50    45.00      9.50             7.81            6.97            0.04             22
UGCJY-213    40.00    45.00      5.00             11.15           4.67            0.13             27
UGCJY-214    109.00   117.80     8.80             19.20           7.35            0.05             37
UGCJY-214    134.90   141.10     6.20             14.27           13.96           0.04             13
UGCJY-219    58.10    63.20      5.10             6.29            7.98            0.65             42
UGCJY-223    82.30    105.00     22.70            8.36            6.44            0.20             62
UGCJY-223    76.15    80.05      3.90             5.28            2.13            0.15             40
UGCJY-223    70.50    74.00      3.50             4.56            2.25            0.02             11
UGCJY-228    102.00   109.00     7.00             3.11            6.39            0.02             15
UGCJY-231    34.00    37.00      3.00             3.25            2.18            0.04             7
UGCJY-262    57.85    65.00      7.15             4.44            10.39           0.01             5
UGCJY-268    22.80    26.00      3.20             3.51            8.06            2.89             75
UGCJY-272    22.00    33.55      11.55            7.38            8.34            0.16             37
UGCJY-272    36.00    50.10      14.10            3.02            3.49            0.03             25
UGCJY-274    38.00    45.20      7.20             4.71            2.49            0.01             12
UGCJY-275    34.90    43.10      8.20             3.93            6.19            0.04             16
UGCJY-276    42.80    47.00      4.20             8.79            4.61            0.02             17
UGCJY-294    41.00    45.55      4.55             4.70            13.12           0.02             13
UGCJY-295    31.50    36.40      4.90             4.24            1.81            0.03             10
UGCJY-313    52.95    57.00      4.05             3.20            3.04            0.01             25
UGCJY-379    66.70    71.00      4.30             6.65            5.88            0.46             126




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