Grant of Mining Licence

Griffin Mining Ld
25 March 2002


                             Griffin Mining Limited

          4th Floor, the Linen Hall, 162-168 Regent Street, London, 
                            W1R 5TE, United Kingdom

       Telephone: + 44 (0)20 7663 9855  Facsimile:  + 44 (0)20 7663 9856
                   E mail: [e-mail]

                                25th March 2002

                            GRANT OF MINING LICENCE


Griffin Mining Limited ('Griffin' or 'the Company' is pleased to announce that
its Chinese local subsidiary company, the Hebei Hua' Ao Mining Development
Company Limited, has been granted a mining licence over the Caijiaying zinc-gold
deposit in the Peoples Republic of China.  This is believed to be the first
mining licence over a base metal deposit to be granted by the Ministry of Land
and Resources ('the MLR') to a foreign controlled company in the Peoples
Republic of China.

The grant of the mining licence will enable Griffin, subject to limited further
infill drilling and the necessary additional finance being available, to proceed
with bringing into production the Caijiaying zinc-gold deposit. In the Spring of
2001, Griffin successfully completed a private equity placing and exercise of
warrants to raise US$3.1 million for the Caijiaying project and working capital,
and has since appointed Endeavour Financial, a specialist in mining finance, to
assist the Company in raising debt finance for the Caijiaying project.

An independent scoping study commissioned by the Company in 2000 indicated that
for a modest capital cost, an underground mine could be brought into production
at Caijiaying to process profitably some 180,000 tonnes of ore per annum at
12.3% zinc, 0.7 grams per tonne gold, and 48 grams per tonne silver, over a
minimum mine life of 10 years. It is expected that additional resources will be
proved up ahead of mining by underground drilling and driving in the many areas
where mineralisation is indicated from the original surface drilling. The total
tonnage and grade have potential to increase as the mine develops.

Before undertaking the final desktop work to convert the completed feasibility
study to a fully bankable feasibility study, Griffin intends to drill a few
diamond drill holes in the northern section of Zone III of the Caijiaying
deposit where there is a lack of close spaced infill drilling in the east-west
orientation. Drilling is expected to start next month and be completed this
summer. Following the successful conclusion of this work and the completion of
the fully bankable feasibility study, Griffin expects to complete the necessary
project finance to allow for the planning, construction and commissioning of an
underground mine at Caijiaying in 2002/2003.

The mining licence has been granted under mining regulations promulgated by the
State Council of the Peoples Republic of China in 1998 and subsequent
provisions, and was granted by the MLR based in Beijing following approval at
provincial level and widely held consultation with a number of interested
committees and bodies within the Peoples Republic of China.



Further information


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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