Mr. Donald Moore reports

PLAYFAIR ADVANCES THE GOLDEN CIRCLE PROJECT

Playfair Mining Ltd.'s Golden Circle project covers 76.47 square kilometres and eight historical gold districts in Nova Scotia. Due diligence has been completed, and Playfair has made the initial payment to ExplORE Resources. Playfair can purchase 100 per cent of the Golden Circle project over three years for a total of $650,000 ($130,000 already paid) and a net smelter return royalty.

Compilation of historical data is continuing in all areas of the Golden Circle project, and the first exploration targets have already been identified at the Mount Uniacke property. A summer drill program is planned. Country Harbour and Wine Harbour are the next areas being assessed as Playfair continues to identify drill targets.

Gold mining began in Nova Scotia in 1860. Shallow underground mining was carried out in 65 gold districts, where quartz veins occurred with narrow, high-grade gold. The gold deposition is primarily controlled by geological structures within the Meguma terrane. The gold is hosted in quartz veins emplaced along the crests and flanks of regional anticlines or domal structures. Recently, lower-grade disseminated gold has been mined by open pit.

For a more detailed review, please see the presentation on Playfair's website.

Mount Uniacke

The Mount Uniacke gold district comprises 193 abandoned shafts mined between 1867 and 1941.

Gold-bearing quartz veins occur on the south flank of the Mount Uniacke dome. The veins generally occur in the bedding, which is near vertical.

There are more than 130 veins in two well-defined zones, one running south from the centre of the dome for 900 metres. The other zone runs east-west and extends for 1,900 metres, about 200 metres to the south and nearly parallel to the Mount Uniacke anticline.

The Crumple drill target area

The east-west zone has a total length of 1,900 metres and is generally higher grade than the north-south zone.

Workings on Crumple seldom exceed 20 metres in depth.

The gold-bearing veins of the northern part of the north-south vein area have not been tested at depth where Crumple is projected to occur.

No existing drilling has tested Crumple at depth. Two previous drill holes in 1974 were collared where the axial plane of Crumple reaches surface. These holes were flatter than the fold axial plane and did not test the target.

The open-cut drill target area

In 1902 and 1903, a total of 289 ounces of gold were recovered from 3,395 tons extracted from the open cuts. This equates to 0.085 ounce per ton (opt) or 2.92 grams per ton (gpt).

Only one old drill hole tested the general area (0.82 opt over one foot), though this was to the west of the open cuts. In this area, the "pay streaks" in the near-vertical veins plunge east at around 25 degrees to 35 degrees.

The projected down-plunge continuation of the open cuts has not been tested by drilling.

Drill target areas at Mount Uniacke

The initial Crumple drill target area is 300 metres long, 75 metres wide and from 50 metres to 200 metres deep.

The initial open-cut drill target area is 150 metres by 125 metres and deeper than 50 metres.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

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