Playfair Mining Announces Increase in 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 June 9, 2020

NR-2020-02

Playfair Mining Announces Increase in Private Placement

Playfair Mining is pleased to announce an increase in the size of its previously announced non -

brokered private placement of 10 million shares at $0.05 per share for gross proceeds of

$500,000.

Due to oversubscribed investor interest, the private placement will now consist of 12 million

common shares at $0.05 per share for gross proceeds of $600,000.

The proceeds will be used for exploration on the RKV project in South Central Norway and for

general working capital purposes.

Completion of the private placement is subject to acceptance by the TSX Venture Exchange. All

securities issued pursuant t o the private placement will be subject to resale restrictions under

applicable securities legislation and the rules of the TSX Venture Exchange.

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.