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PLY.V ·

Playfair Mining Announces Closing of Private Placement

Financings

NEWS RELEASE

224-470 Granville St. Tel: 604 687-7178 PLY: TSX-V

Vancouver, B.C. Fax: 604 687-7179

Canada V6C 1V5 Toll Free: 888-244-6644 April 21, 2023

Playfair Mining Announces Closing of Private Placement

Vancouver, B.C. – Playfair Mining Ltd. (“Playfair”, or the “Company”) PLY-TSXV, is pleased to

announce that it has closed the non-brokered private placement announced on April 12, 2023. The

Company has issued 10,000,000 common shares at $0.05 per share for gross proceeds of $500,000.

No finders’ fees were paid in connection with this placement.

The Company will use the proceeds for exploration activities in Norway, and general corporate

purposes.

This private placement is being completed pursuant to the listed issuer financing exemption under

Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued

are not subject to a hold period under applicable Canadian securities laws.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper,

nickel, and cobalt. There is no green future without minerals.

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.

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 partner s, governmental regulation and

supervision, seasonality, technological change, industry 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.