Exercise of Warrants

Griffin Mining Ld
02 August 2005





             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]



                                2nd August 2005


                              EXERCISE OF WARRANTS



Griffin Mining Limited ('Griffin' or the 'Company') has received notice of the
exercise of warrants over 75,000 new ordinary shares in Griffin at an exercise
price of £0.20 per share for net proceeds to the Company of £15,000.  These
warrants were granted as part of an equity placing in August 2003.



Application has today been made for the new ordinary shares issued on the
exercise of the aforementioned warrants to be admitted to trading on AIM, which
is expected to occur on 5th August 2005. Following the issue of these new
ordinary shares, there will be 183,327,731 Griffin ordinary shares in issue.





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


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