RNS Number:0289B
Griffin Mining Ld
17 November 1999

DISCLOSURE OF INTEREST IN SHARE CAPITAL

Griffin Mining Limited ("Griffin") today announces that having completed the
placing of 14,477,105 new ordinary shares, it has allotted 1,666,667 new
ordinary shares to Trellus Partners LP as part of the placing arrangements, as
announced on 10 November 1999 and fully described in the prospectus published
by the Company on that date. Application has been made for these shares to be
admitted to trading on the Alternative Investment Market and the Canadian
Dealing Network. Following the issue of the shares described above there are
38,804,218 ordinary shares in issue. Trellus Partners LP is beneficially
interested in 6,383,334 ordinary shares representing 16.5% of the issued share
capital of the Company.  

Further information

Craig Niven (Chairman) 
Telephone: + 44 (0)207 321 2077

Charles Dampney - Charles Stanley                                        
Telephone; + 44 (0)1273 486244

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM) and traded on the
Canadian Dealing Network in Toronto (symbol GRFM). Corporate information and
share prices can be accessed via the Newstrack Service on Reuters (symbol
GFM.L) (page JPJA), Bloomberg (symbol GFM LN), ICV Topic (*1180).

The Company's news releases are available on the Company's web site:
www.griffinmining.com

END
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