Mining Licence

25 Apr 2005 07:00

Griffin Mining Ld25 April 2005 GRIFFIN MINING LIMITED GRIFFIN ANNOUNCES RENEWAL OF MINING LICENCE Griffin Mining Limited ("Griffin or the "Company") is extremely pleased toannounce that its Chinese subsidiary company, the Hebei Hua-Ao MiningDevelopment Company, has had its mining licence at Caijiaying renewed for aperiod of 15 years to 14th April 2020. This licence may be renewed at the end ofthe licence period and replaces the existing mining licence granted in March2002. Mladen Ninkov, Griffin's Chairman, commented on these developments as follows: "The grant of this renewed, long life mining licence is yet another example ofthe viability of the Chinese mining industry to foreigners who operate legallyand contractually within the Chinese legal environment. The Company isdelighted to continue to blaze the trail for all western mining companies inChina." 25 April 2005 Further information Mladen Ninkov - Chairman Telephone: +44(0) 20 7629 7772Roger Goodwin - Finance DirectorGriffin Mining Limited Philip Davies Telephone: +44 (0) 20 7953 2000Charles Stanley & Company 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). Further information on Griffin Mining Ltd is 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