GFM Griffin Mining Limited

RNS Number:3188B
Griffin Mining Ld
23 November 1999


EXERCISE OF OPTIONS BY DIRECTORS

The following Directors have today acquired ordinary shares in Griffin Mining
Limited by way of the exercise of warrants:

Name                                No. of ordinary                     Price
                                  shares subscribed                         #
Craig Niven                                   5,000                       .09
Mladen Ninkov                                 3,000                       .09
John Goodger                                  5,100                       .09
Gordon Montgomery                             4,010                       .09
John Steele                                   2,500                       .09

As a result these Directors are interested in the issued ordinary shares of
the Company as follows:

Name                         No. of ordinary shares           % of the issued 
                                 beneficially owned    ordinary share capital 

Craig Niven                                  55,000                      0.1%
Mladen Ninkov                                33,001                      0.1%
John Goodger                                 56,100                      0.1%
Gordon Montgomery                            44,110                      0.1%
John Steele                                  27,501                      0.1%


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
RDAAOUNKKSKAUAA

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