PLY.V · 2022-05-18 12:00:00

Playfair Mining Announces 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 May 18, 2022

Playfair Mining Announces Private Placement

Playfair Mining is pleased to announce that it is proceeding with a non-brokered private placement

of 14 million common shares at $0.075 per share for gross proceeds of $1,050,000. No warrants

will be issued in connection with the financing.

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 to 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

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 r elating 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 assumpti ons

related to certai n factors including, without limitations, exploration and development risks, expenditure and financing requirements,

title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditi ons,

relationships with vendors and strategic partners, 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.