GFM Griffin Mining Limited

RNS No 3130j
GRIFFIN MINING LIMITED
14th July 1998




                            GRIFFIN MINING LIMITED                            
                                                                              
                         Appointment of new Director                          
                                                                              
Allocation of management options and cancellation of existing management   
options                                                                       


Appointment of new Director
---------------------------
Griffin Mining Limited ("Griffin") announces that Mr Dal Brynelsen has been
appointed a Director.  Mr Brynelsen (Canadian, aged 51) is a graduate from
University of British Columbia in Urban Land Economics.  Mr Brynelsen has been
involved in the resource industry for over 20 years.  He has been responsible
for the discovery, development and operation of several underground gold mines
during his career.  Over the past five years he has focused on the exploration
potential of Sub-Sahara Africa.  He has secured mineral concessions covering
over 20,000 square kilometres in Central Africa.  Recently, he completed a
multi-million dollar exploration agreement with a large South African mining
house to further exploration on this concession for copper, gold, nickel,
cobalt, zinc, lead and precious stones.  

Mr Brynelsen is the President and a Director of Pacific Vangold Mines Limited
and provides independent consulting services to private and institutional
corporations.  Mr Brynelsen was a Director of Graffoto Industries Limited. 

There is no other information to be disclosed pursuant to rule 16.11(e) of the
A I M Rules.

Allocation of management options and cancellation of existing management
options
------------------------------------------------------------------------
On 26 June 1998, it was announced that Griffin had agreed to grant new share
purchase options over a maximum of 2,450,000 new ordinary shares to Directors
and management and that these options would be granted on or about 1 July
1998.  Further to this announcement, Griffin has today granted 2,450,000
options ("the New Options") to Directors and Senior Management.  Each New
Option entitles the holder to subscribe for one new ordinary share in Griffin
at a price of 24 US cents at any time up to and including 31 August 2001.  

The 200,000 50 US cents 31 December 1998 options held by the Directors have
today been cancelled.  New options have been allocated to Directors and
Officers as follows.

Holder                                                     New Options 

Dal Brynelsen (Director)                                       250,000
John Goodger (Director)                                        100,000
Roger Goodwin (Company Secretary)                               50,000
Gordon Montgomery (Director)                                   100,000
William Mulligan (Director)                                    100,000
Mladen Ninkov (Director)                                     1,000,000
Craig Niven (Director)                                         500,000
John Steele (Director)                                         250,000
TOTAL                                                        2,350,000

Following the above allocation there remain a further 100,000 New Options
which will be allocated in due course to senior management.

Further information:

Craig Niven (Chairman) - Griffin Mining Limited      Tel: + 44 (0)171 321 2077
       
Stephen Goschalk - English Trust Company Limited     Tel: + 44 (0)171 608 0888


Griffin Mining Limited was registered in Bermuda in 1988 and its shares and
warrants are listed on the Luxembourg Stock Exchange, 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) QST/Quotron (NTRACK). The share price is also published daily in the
Financial Times and London Evening Standard. The Company's news releases are
available through Canadian Corporate News' Internet Home Page:
htp://www.cdn-news.com    


END

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