Vancouver, B.C. – Playfair Mining Ltd. (“Playfair”, or the “Company”) PLY-TSXV, is pleased to announce that it has closed the non-brokered private placement announced on April 12, 2023. The Company has issued 10,000,000 common shares at $0.05 per share for gross proceeds of $500,000. No finders’ fees were paid in connection with this placement.

The Company will use the proceeds for exploration activities in Norway, and general corporate purposes. 

This private placement is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued are not subject to a hold period under applicable Canadian securities laws.

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For further information visit our website at www.playfairmining.com or contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This Playfair Mining Ltd. News Release may contain certain “forward-looking” statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.