Mr. Donald Moore reports

PLAYFAIR MINING ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Playfair Mining Ltd. has closed the non-brokered private placement announced on April 12, 2023. The company has issued 10 million common shares at five cents per share for gross proceeds of $500,000. No finder's 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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