Transaction in Own Shares

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

Transaction in Own Shares

16th October 2013.

Griffin Mining Ltd ("the Company") announces that on 15th October 2013 it purchased 25,000 of the Company's own ordinary shares ("Ordinary Shares") at a price of 30.0p per share. The Ordinary Shares have been purchased for cancellation (the "Purchase and Cancellation").The purchase represented 0.01% of the Company's issued share capital before the Purchase and Cancellation and was pursuant to the bye-laws of the Company and a resolution passed by the directors.Following the cancellation of these Ordinary Shares there will be 175,211,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Griffin Mining Limited:

Mladen Ninkov (Chairman)

Roger Goodwin (Finance Director & Company Secretary) Telephone: +44 (0)20 7629 7772

Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500

Dominic Morley

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