THIRD QUARTER PRODUCTION RESULTS

8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom

Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: [email protected]

Third Quarter Production Results

25^th October 2024

Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months to the 30^th September 2024.

Overview

Throughput has been maintained at the Caijiaying Mine at an annualised equivalent rate of circa 1.5 million tonnes despite lower amounts of ore mined due to lower grade stopes being accessed during the quarter. Despite the death of an employee of the haulage contractor at the Caijiaying Mine and the subsequent suspension of all mining and milling operations (as announced on 10 October 2024), provided operations recommence in the near future, the Company is hopeful that it will still be able to reach its budgeted production profile of circa 1.5 million tonnes per annum.

Zone II development work is ongoing including a new third portal, a new South Ventilation Shaft, development of the decline and other underground infrastructure and services.  

Chairman Mladen Ninkov commented, "What was always planned as a lower grade production quarter has unfortunately been followed by the tragic loss of a contractor's employee's life. All of our staff and contractors are moving heaven and earth to ensure operations begin as soon as possible and the production lost in the shutdown is recouped in the last quarter."

About Griffin Mining Limited 

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited owns and operates through its 88.8% owned Joint Venture in China  the Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and lead metals in concentrates. For more information, please visit the Company's website griffinmining.com.

Further information

Griffin Mining Limited

Mladen Ninkov - Chairman                            Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

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

             James Sinclair-Ford

             Kieron Hodgson

             Dougie McLeod                           

Berenberg                                                                  Telephone: +44(0)20 3207 7800

            Matthew Armitt

            Jennifer Lee    

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").