Issue of Warrants - Details

Griffin Mining Limited
10 November 1999



WARRANT ISSUE


Griffin Mining Limited today announces a bonus issue of warrants on the basis
of 1 warrant for every 10 ordinary shares held on the register on 9th November
1999. Each warrant will entitle the holder to subscribe for one new ordinary
share of the Company at 9 pence per ordinary share on or before 13 January
2000. The record date for the issue of warrants will be 9 November 1999. The
ex dealing date for the warrants will be 10 November 1999. The warrants will
be non transferable and will not be admitted to trading on the Alternative
Investment Market or the Canadian Dealing Network.
 
Further information

Craig Niven (Chairman) - United Kingdom                                       
Telephone: + 44 (0) 171 321 2077

Philip Davies - Charles Stanley & Company Limited                    
Telephone: + 44 (0) 171 739 8200 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM) and traded on the
Canadian Dealing Network in Toronto (symbol GRFM). Corporate information and
share prices can be accessed via the Newstrack Service on Reuters (symbol
GFM.L), Bloomberg (symbol GFM LN), ICV Topic (*1180).


The Company's news releases are available on the Company's web site:
www.griffinmining.com

The Company's news releases can be received via electronic mail by emailing
Roger Goodwin on griffin@griffin mining.demon.co.uk