Feasibility Study Expanded

Griffin Mining Ld
27 March 2003

                             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]

                                27th March 2003


                    MORE GOLD ORE TO BE PROCESSED AT CAIJIAYING
               EXPANDED GOLD CIRCUIT INCLUDED IN FEASIBILITY STUDY


Following the announcement on the 11th December 2002 confirming the gold
resource at Caijiaying, Griffin Mining Limited ('Griffin' or the 'Company') has
today announced its decision to provide for the inclusion of a gold circuit in
the proposed processing facilities at Caijiaying. This will maximize the
recovery of gold not only from the free gold and gold associated with pyrite and
arsenopyrite, but also from the gold bearing sulphides.  The feasibility study,
currently being completed by the Company, will now provide for incorporating
part of the gold mineralization, the inclusion of a gold gravity circuit and the
production of a precious metals concentrate for cynandidation and ultimately the
production of gold dore bars at Caijiaying, which may now be refined and sold
internally or externally of China in each case at international market rates.



The addition of the more extensive gold circuit to the processed plant at
Caijiaying also means that Griffin will be able to treat any new gold resources
found in the Caijiaying area immediately and with no additional capital
expenditure by the Company



This significant new development in the history of the Caijiaying project is
expected to postpone the final completion of the feasibility study by only 60
days.



Commenting on the latest development, Chairman Mladen Ninkov said:



'Each new development at Caijiaying continues to repay the faith the
shareholders have shown in Caijiaying and the Company.  We look forward now to
not only sending our first shipment of zinc concentrate to the smelters in
China, but also to pouring the first gold bar at Caijiaying.'



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:
                             www.griffinmining.com


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