RECEIPT OF $30 MILLION OF DIVIDENDS FROM CHINA

`

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

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

E mail: [email protected]

Receipt of Further $30 million of Dividends from China

28^th July 2024

Griffin Mining Ltd ("the "Company" with its subsidiaries "the Group") is pleased to announce that, since the announcement of the 29^th November 2023, it has received into the Company's bank accounts outside China, net of 5% Chinese withholding tax, US$30.3 million of further dividends from its operating Chinese subsidiary Hebei Hua Ao Mining Industry Company Limited ("HHA"). This includes US$13.75 million in 2024 and US$16.6 million in July 2025. The funds were received via electronic wire transfer in the normal course of business. The Company's current cash balances held outside China stand at US$53.67 million.          

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 in China, through its 88.8% owned Joint Venture stock company, 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 www.griffinmining.com.

Further information

Griffin Mining Limited

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

Roger Goodwin - Finance Director

Panmure Liberum Limited - Nominated Adviser & Joint Broker                            Telephone: +44 (0)20 7886 2500

             James Sinclair-Ford

              Zak Wadud

Berenberg - Joint Broker                                                                                           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

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