Griffin Mining Limited (“Griffin” or the “Company”) announces that it has entered into an irrevocable and non-discretionary arrangement with Panmure Gordon to repurchase on its behalf and within certain pre-set parameters, ordinary shares in the Company during the period commencing 1 February 2011 and ending on the date on which it publishes its final results for the year ended 31 December 2010. This arrangement is in accordance with the Company’s general authority to repurchase shares.