Stmt re Share Price Movements

GRIFFIN MINING LIMITED
8 October 1999



SHARE PRICE MOVEMENTS


The Directors of Griffin Mining Limited have noted the recent rise in the
price of Griffin ordinary shares. The Directors also note press comment this
morning anticipating good news on Griffin's Caijiaying zinc project in China.
Since the announcement on 15th July 1999 which included details of a
substantial grade increase at Caijiaying, there have been no specific
developments at Caijiaying requiring announcement. 
 

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