Option Exercise

28 Jan 2010 13:01



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

OPTION EXERCISE

28TH JANUARY 2010.

Griffin Mining Limited ("Griffin" or the "Company") has been notified of the exercise of share purchase options over 133,333 new ordinary shares in Griffin at an exercise price of 20 pence per share. These options were granted in October 2008 as part of the grant of options to key employees.

Application has today been made for the new ordinary shares issued on the exercise of the aforementioned options to be admitted to trading on AIM, which is expected to occur on 3rd February 2010. Following the issue of these new ordinary shares there will be 181,821,830 Griffin ordinary shares in issue. 

Further information

Griffin Mining Limited

Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

Investec Investment Banking:

Stephen Cooper Telephone:  +44 (0)20 7597 5104

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