Progress at Caijiaying

Griffin Mining Ld
10 June 2005



                             GRIFFIN MINING LIMITED

                                 10th JUNE 2005

                        UPDATE ON PROGRESS AT CAIJIAYING


At the annual general meeting held today the Chairman, Mr. Mladen Ninkov, gave a
report on the progress of the development of Caijiaying. The Chairman reported
that both dry and wet commissioning had now been successfully completed and that
production was to commence next Wednesday, 15th June.


Furthermore, the Company has successfully contracted to drill 18,000 metres of
exploration drilling with a reverse circulation ('RC') drill rig to test the
extension to the zone III ore body and to test the epithermal gold anomalies at
Caijiaying. The RC drill rig is currently on route to China. To the Company's
knowledge, this is the first time an RC drill rig is to be used in China for an
exploration programme.

Further information


Mladen Ninkov - Chairman            Telephone: [phone]

Roger Goodwin - Finance Director

Griffin Mining Limited



Philip Davies                       Telephone: [phone]

Charles Stanley & Company Limited



Hugo de Salis                       Telephone: [phone]

St Brides Media & Finance Ltd



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