GFM Griffin Mining Limited

    RNS Number : 6642W
  Griffin Mining Ld
  13 June 2008
   

    Griffin Mining Limited 
    60 St James's Street, London SW1A 1LE, United Kingdom
    Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
    E mail: griffin@griffinmining.com

    13th JUNE 2008

    RESULTS OF ANNUAL GENERAL MEETING

    UPDATE ON PROGRESS AT CAIJIAYING

    At the annual general meeting held today of the shareholders of Griffin Mining Limited ("Griffin" or the "Company"), all resolutions
were duly passed.

    At the meeting the Chairman, Mr. Mladen Ninkov, gave a summary report on developments and progress at the Caijiaying zinc gold mine. The
Chairman reported that:
     1. Construction work on the plant upgrade to increase mill throughput to 750,000 tonnes of ore per annum is underway with all major
items of equipment ordered and expected to be installed by the end of the summer.


     2. An underground drive from the zone III mining area to zone II two kilometres to the south at Caijiaying is being driven, allowing
for underground exploration drilling in the areas between the two zones and allow access for the development of the zone II resource. 


     3. The Company continues to evaluate further acquisitions which have the potential to add significant value to the company.


     4. The buy back and cancellation of 79,851,818 held by Citadel Equity Fund Ltd had been completed.


    Further information

 Mladen Ninkov - Chairman           Telephone: +44(0)20 7629 7772
 Roger Goodwin - Finance Director
 Griffin Mining Limited

 Adrian Hadden                      Telephone: +44(0)20 7523 8350
 Collins Stewart Europe Limited

 Hugo de Salis                     Telephone: +44(0) 20 7242 4477
 St Brides Media & Finance Ltd

    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

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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