Precious Metals Concentrate

Griffin Mining Ld
31 December 2007




                   FIRST SALE OF PRECIOUS METALS CONCENTRATE


31st December, 2007

Griffin Mining Limited ('Griffin' or the 'Company') is pleased to announce that
the first sale of precious metals concentrate from its Caijiaying zinc gold mine
has been made with payment received in advance of the delivery of 60 tonnes of
concentrate containing gold, silver and lead to a local Chinese purchaser.

Chairman Mladen Ninkov commented, 'As planned, and following the start of
precious metals concentrate production earlier this month, Griffin is now
selling a precious metals concentrate to the local Chinese markets. This will
provide a valuable additional revenue stream to zinc concentrate sales'





Further information

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

Adrian Hadden                                    Telephone: [phone]
Collins Stewart Europe Limited





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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