Yukon Counter Offer Accepted

1 May 2008 09:14

Griffin Mining Ld01 May 2008 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 1st May 2008 RESPONSE TO YUKON ZINC CORPORATION Griffin Mining Limited ("Griffin" or "the Company") has been notified in writingby Yukon Zinc Corporation ("Yukon Zinc") that the Board of Directors of YukonZinc intend to accept a cash offer from Northwest Non Ferrous InternationalInvestment Company Limited and Jinduicheng Molybdenum Group Limited (the "Acquirors") for the acquisition of all the issued common stock of Yukon Zinc fora cash price of C$0.22 (twenty two Canadian cents) per share. The Acquiror'soffer is subject to a five day stand still period allowing Griffin to amend orincrease its previous offer to Yukon Zinc of 18th April 2008. The Company has notified Yukon Zinc that it does not intend to increase itsoffer for the shares of Yukon Zinc. Further information Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772Roger Goodwin - Finance DirectorGriffin Mining Limited Adrian Hadden Telephone: +44(0)20 7523 8353Collins Stewart Europe Limited 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