SARS

Griffin Mining Ld 20 May 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: griffin@griffinmining.com 20th May 2003 SARS VIRUS Delay in the summer drilling programme and completion of feasibility study Griffin Mining Limited ('Griffin' or the 'Company') has today announced, that due to the severity of the impact of the SARS virus in China, it has been forced to temporarily suspend the proposed drilling programme planned for Caijiaying this summer and to delay completion of the feasibility study which had been due by the end of May 2003. These measures have been forced on the Company by edicts from the central government of the Peoples Republic of China; preventing foreign workers from obtaining work visas to enter China; restricting the movement of people in SARS affected areas, which includes the Company's mine site and joint venture office in Zhangjiakou; and imposing a comprehensive travel ban on all Chinese officials, which includes the Company's joint venture's Chinese board members. These measure have prevented Griffin personnel, contractors and their equipment from entering China and reaching site. Further, these restrictions have prevented confirmatory engineering work on site and in Beijing from being completed to allow for the finalization of the feasibility study. The Company has been informed that SARS is slowly being brought under control, and whilst Zhangjiakou remains an area of concern, it is expected that these measures will be lifted in due course. At such point, the Company will proceed forthwith both with the completion of the feasibility study and the resumption of its proposed summer drilling programme. In the interim, the Chinese authorities have expressed their appreciation for the problems these restrictions are causing and have indicated to the Company that they are prepared to consider sympathetically the waiving of various license and other commitments the Company has in China this year. Commenting on this development, Chairman Mladen Ninkov said: 'The SARS virus is an unforeseen annoyance to the development of Caijiaying. We expect the delay to be relatively short and we still hope that the summer drilling programme will proceed this summer and that the feasibility study will be completed in the same time frame. The SARS virus in no way diminishes the size, scope or value of the Company's Caijiaying project. We enthusiastically wait for work to recommence on the project.' Further information Mladen Ninkov - Chairman Telephone: +44(0)20 7016 8821 Roger Goodwin - Finance Director Telephone: +44(0)20 7016 8821 Charles Dampney - Charles Stanley Telephone: +44(0)20 7739 8200 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 This information is provided by RNS The company news service from the London Stock Exchange
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