Playfair Exercises Option to Acquire a 100% Interest in RKV Copper-Nickel-Cobalt Projects in Norway

NEWS RELEASE

230-470 Granville St. Tel: 604 687-7178 PLY: TSX-V

Vancouver, B.C. Fax: 604 687-7179 P1J1 (Frankfurt)

Canada V6C 1V5 Toll Free: 888-244-6644 PLYFF (OTC)

July 13, 2020

NR-2020-04

Playfair Exercises Option to Acquire a 100% Interest in RKV

Copper-Nickel-Cobalt Projects in Norway

Further to its News Release dated March 1, 2019, Playfair Mining Ltd. (PLY-TSX.V) is pleased to

announce that it has exercised its option to acquire from EMX Royalty Corporation (EMX-TSX.V)

a 100% interest in EMX’s contiguous Rostvangen and Vakkerlien projects in South Central

Norway.

To exercise the option, Playfair has issued an additional 3 million shares of Playfair stock to EMX,

and EMX has transferred 100% of the property to Playfair , subject to a 3% net smelter royalty

(“NSR”) on the property. Within 5 years, Playfair will have the option to buy back up to 1% of

the NSR for $3 million, leaving EMX with a 2% NSR.

The road to a cleaner environment includes batteries. Batteries use copper, nickel and cobalt.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore D. Neil Briggs

CEO and Director Director

Phone: 604-377-9220 Phone: 604-562-2578

Email: [email protected] Email: [email protected]

Neither the 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.