Griffin Mining Ltd (“the Company”) announces that on 11th January 2011 it purchased 300,000 of the Company’s own ordinary shares (“Ordinary Shares”) at a price of 67.0p per share. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.17% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 179,958,496 Ordinary Shares in the Company in issue. There are no shares held in treasury.