Griffin Mining Regulatory News (GFM)

16 Jun 2006 12:08

Griffin Mining Ld16 June 2006 GRIFFIN MINING LIMITED 60 St James's Street, London SW1A 1LE, United Kingdom Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773 E mail: griffin@griffinmining.com 16th JUNE 2006 RESULTS OF ANNUAL GENERAL MEETING UPDATE ON PROGRESS AT CAIJIAYING At the annual general meeting held today of the shareholders of Griffin MiningLimited ("Griffin" or the "Company"), all resolutions were passed. At the meeting the Chairman, Mr. Mladen Ninkov, gave a summary report onprogress at the Caijiaying zinc gold mine. The Chairman reported that: 1. Production rates continue to be steadily increased and operating costs continue to fall. This has been achieved without, at this stage, the need for any additional capital expenditure. As soon as the increased mill throughput has been sustained for an extended period of time, a further announcement will be made. 2. The feasibility study relating to increasing the mill throughput to 500,000 tonnes per annum is continuing and an announcement is to be expected before the end of the calendar year. 3. Application has been made for further exploration licences over approximately 100 square kilometres in the area surrounding the current mining and exploration licence areas at Caijiaying, emphasising the Company's opinion of the extraordinarily highly prospective nature of the region surrounding the Caijiaying mine. 4. Studies have commenced to examine whether it may be more profitable for Griffin to produce a precious metals concentrate containing gold, silver, copper and lead rather than gold dore on site. The results of these studies will be announced in due course. Caijiaying continues to out perform management expectations and with the currentstrong demand for zinc, is expected to deliver excellent results in theforeseeable long term. Further information Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772Roger Goodwin - Finance DirectorGriffin Mining Limited Adrian Hadden / Christopher Rollason Telephone: +44(0)20 7523 8350Collins Stewart Limited Hugo de Salis Telephone: +44(0) 20 7242 4477St Brides Media & Finance Ltd 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