Playfair Closes Private Placement

NEWS RELEASE

230-470 Granville St. Tel: 604 687-7178 PLY: TSX-V Vancouver, B.C. Fax: 604 687-7179 Canada V6C 1V5 Toll Free: 888-244-6644 August 6, 2019 NR-2019-05

Playfair Closes Private Placement

Playfair Mining is pleased to announce that it has closed the non-brokered private placement announced on April 3, 2019. The Company has issued 8,700,000 common shares at $0.05 per share for gross proceeds of $435,000. All securities issued are subject to a hold period expiring four months and one day from the date of issuance. No finder’s fees were paid in connection with this placement.

The proceeds will be used for exploration on the RKV project in South Central Norway and for general working capital purposes.

Visit our website at www.playfairmining.com for more information on Playfair's properties.

ON BEHALF OF THE COMPANY

"D. Neil Briggs"

D. Neil Briggs, Director

Neither 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.