RNS Number:7841C
Griffin Mining Ld
27 April 2001



Allocation of options in Griffin Mining Limited to Directors.

Further to the announcement made by Griffin Mining Limited ("Griffin") on 26th
March 2001 concerning the grant of options over 8,000,000 new ordinary shares
to the directors exercisable at 5 pence per share, these options have today
been allocated to the directors as follows:

                                             New options                 Total
                                                             number of options
                                                              to subscribe for
                                                              one new ordinary
                                                                share now held
                                                               following grant
                                                    No.                    No.
Mladen Ninkov (Chairman)                      6,000,000              6,000,000
Roger Goodwin (Finance Director)                800,000                800,000
Dal Brynelsen (Director)                        300,000                300,000
Gordon Montgomery (Director)                    300,000                300,000
William Mulligan (Director)                     300,000                300,000
John Steele  (Director)                         300,000                300,000
Total                                         8,000,000              8,000,000

Each option will entitle the holder to subscribe for new ordinary shares in
Griffin at 5 pence per share on or before 31 March 2004.
 

Further information

Roger Goodwin - President                                                
Telephone: +44(0)20 7663 9855

Charles Dampney - Charles Stanley                                         
Telephone: +44(0)20 7739 8200

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
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