Caijiaying Operations

Griffin Mining Limited (the “Company” or “Griffin”) is saddened to report the death on Saturday 17th October of an employee of the mining contractor whilst underground at the Caijiaying Mine. As a result, mining operations at Caijiaying were voluntarily suspended by the Company pending an internal investigation by the Company and an external examination by the Chinese safety authorities pursuant to Chinese safety regulations of the incident. Needless to say, the safety of the Caijiaying mine site remains a priority for all parties concerned. The Company’s thoughts and concerns rest with the deceased and their families. In the interim, sufficient stockpiles of ore remain available aboveground to continue operating the processing facilities for a minimum of 2 months at the current throughput rates.