Resignation of a Joint Venture Director at Griffin Mining Ltd

Griffin Mining Ltd has announced the recent resignation of Mr. Shengchang Jin from his position as a director at Hebei Hua Ao Mining Industry Company Limited (HHA), a subsidiary 88.8% owned by the company. This resignation, effective as of January 7, 2023, is accompanied by the signing of a Termination Agreement terminating any involvement of Mr. Jin with HHA. The company specifies that it does not have any additional information regarding potential formal actions by the People's Republic of China against Mr. Jin, related to his roles at Zhangjiakou Yuanrun Enterprise Management Consulting Service Co. Ltd, a minority shareholder of HHA.

The investigations are ongoing but remain focused on Mr. Jin, without impacting the operations of HHA or its government licenses. Griffin Mining Limited, listed on the Alternative Investment Market (AIM) of the London Stock Exchange, owns and operates the Caijiaying mine in China, producing zinc, gold, silver, and lead. The company's shares are traded under the symbol GFM.