Mr. Donald Moore reports

PLAYFAIR REVIEW AND UPDATE

Playfair Mining Ltd. owns 100 per cent of two volcanogenic massive sulphide projects in Norway and of one tungsten deposit in Canada.

In Norway, the Folldal and Osterdalen projects cover 297.7 square kilometres and contain seven former copper/zinc mines, one drilled off deposit, several highly prospective showings and many little-explored mineral occurrences. The last recorded systematic regional exploration over these properties occurred during the early 1980s.

Playfair is compiling available information and, to date, has identified two former mines which have significant potential to expand the known mineralization on strike and at shallow depth.

Playfair's high-grade tungsten deposit at Grey River, Nfld., has attracted renewed interest as Chinese production wanes and the tungsten price increases. The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel and cobalt. There is no green future without minerals.

We seek Safe Harbor.