Mr. Donald Moore reports

PLAYFAIR MINING LTD. ANNOUNCES CORPORATE UPDATE.

On Aug. 8, 2025, Playfair Mining Ltd. successfully obtained the revocation of a cease trade order.

Pursuant to a TSX Venture Exchange trading reinstatement review, the company announces its common shares will be reinstated on the TSX Venture Exchange shortly and is providing the following disclosure.

1. As of May 31, 2025 (the date of the company's most recently filed financial statements), the company had a working capital deficiency of $316,995. As such, the company does not meet one of the TSX-V continuous listing requirements as a Tier 2 mining issuer. It is the company's intention to complete a private placement to address the deficiency and finance exploration programs on its gold properties in Nova Scotia. Once the terms of the financing are settled, the company will issue a press release disclosing same.

2. Between June, 2022, and March, 2025, the company issued some common shares in advance of receipt of funds. This included three instances under private placements.

June 30, 2022, announced closing -- private placement of 10.7 million shares sold at 7.5 cents per share for gross proceeds of $802,500. A total of 294,000 shares were issued prior to actual receipt of funds (received $780,500 June, 2022) All proceeds received subsequently. April 21, 2023, announced closing -- private placement of 10 million shares sold at five cents per share for gross proceeds of $500,000. A total of 760,000 shares were issued prior to actual receipt of funds (received $462,000 April, 2023). All proceeds received subsequently. March 5, 2025, announced closing -- private placement of 11 million shares sold at 2.5 cents per share for gross proceeds of $275,000. Four million shares were issued prior to actual receipt of funds (received $175,000 March, 2025); all proceeds received subsequently. Subscriptions receivable through exercise of stock options of $302,000 has been received. The current balance in subscriptions receivable is $22,000. Issuing shares either through private placement or exercise of stock option in advance of payment contravened certain TSX-V policies.

The company is committed to ensuring compliance with TSX-V policy.

We seek Safe Harbor.