Operational Update

RNS Number : 1327R

Griffin Mining Ld

16 August 2010

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773

Mine Operational Update

16^th August 2010.

Further to the announcement made by Griffin Mining Limited ("Griffin") on 9th August 2010 concerning the death of two employees of the mining contractor at Caijiaying, whilst mining operations have been suspended, the Chinese authorities have allowed the processing of stockpiled ore at surface to continue. There are currently sufficient high and medium grade stockpiles at surface to continue processing ore through the mill for two weeks and low grade ore for a further two weeks.

The statutory prescribed investigation by both Griffin and the Chinese authorities into the death of two employees of a minesite contractor continues. Under Chinese law, the investigatory committee has 60 days from the date of the incident to complete their investigation and report to the relevant authority and then 15 days to make a decision and any recommendations before the suspension of mining operations may be lifted. Griffin is co-operating fully with the authorities to enable this process to be completed as quickly as possible.