8th Floor, Royal Trust House, 54
Jermyn Street, London. SW1Y 6LX. United Kingdom
Telephone: + 44 (0)20 7629
7772 Facsimile: + 44 (0)20 7629 7773
E mail:
griffin@griffinmining.com
Resignation of Joint Venture
Director
23rd February
2024
Griffin Mining Ltd ("Griffin" or the
"Company") has formally received the resignation of Mr Shengchang
Jin ("Mr Jin"), as a director of Hebei Hua Ao Mining Industry
Company Limited ("HHA"), the 88.8% owned operating subsidiary of
the Company. Furthermore, a Termination Agreement has been executed
by all relevant parties ending any involvement by Mr Jin in any
manner or form with HHA, effective the
7th January 2023.
The Company has no further knowledge
from its announcement of the 15th December 2023 as to
whether formal action will be undertaken by the People's Republic
of China against Mr Jin in relation to his employment as the Chief
Executive Officer of Zhangjiakou Yuanrun Enterprise Management
Consulting Service Co. Ltd, the minority 11.2% shareholder in HHA.
As previously stated, the ongoing
investigations only relate to Mr Jin and do not concern HHA's
operations or any relevant statutory licenses issued by the
government to HHA.
The investigative team continues to
acknowledge and thanked HHA for its full cooperation in this
matter.
About Griffin Mining
Limited
Griffin Mining Limited's shares are
quoted on the Alternative Investment Market (AIM) of the London
Stock Exchange (symbol GFM). Griffin Mining
Limited owns and operates in China, through its 88.8% owned Joint
Venture stock company, the Caijiaying Zinc Gold Mine, a profitable
mine producing zinc, gold, silver, and lead metals in concentrates.
For more information, please visit the Company's website
www.griffinmining.com.
Further information
Griffin Mining Limited
Mladen Ninkov -
Chairman
Telephone: +44(0)20 7629 7772
Roger Goodwin - Finance
Director
Panmure Gordon (UK)
Limited
Telephone: +44 (0)20 7886 2500
Dominic Morley
Dougie McLeod
Berenberg
Telephone: +44(0)20 3207 7800
Matthew
Armitt
Jennifer Lee
This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No. 596/2014
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