Playfair Mining Announces Closing of Private Placement
NEWS RELEASE
738-1489 Marine Drive Tel: 604 687-7178 PLY: TSX-V
West Vancouver, B.C.
Canada V7T 1B8 Toll Free: 888-244-6644 March 5, 2025
Playfair Mining Announces Closing of Private Placement
Playfair Mining is pleased to announce that it has closed the non -brokered private placement
announced on February 3, 2025. The placement was oversubscribed, and the Company has
issued 11,000,000 common shares at $0.025 per share for gross proceeds of $275 ,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 the financing.
The proceeds will be used for the initial $130,000 payment under the Golden Circle option
agreement with ExplORE Resources Limited announced on November 20, 2024. The balance
will be allocated towards certain accounts payable and general working capital pu rposes. None
of the proceeds will be used for payments to non -arm’s length parties or persons conducting
investor relations activities.
Due diligence on the Golden Circle Option has been satisfactorily completed. Playfair is
continuing with its data compilation and assessment of the eight properties comprising the Golden
Circle Option with a view to developing high quality drill targets.
Following discussions with Department of Industry, Energy and Technology of Newfoundland and
Labrador Playfair has returned the Grey River Tungsten Property to the province who have
designated the area as “Exempt Mineral Land” which will not be open for staking.
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.
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]
Forward-Looking Statements: This Playfair Mining Ltd. News Release may contain certain "forward-looking" statements and information relating
to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair
management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, wi thout limitations,
exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental re gulation and
supervision, seasonality, technological change, indus try practices, and one -time events. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially
from those described herein.