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PLY.V ·

Playfair Mining Closes 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

June 30, 2022

Playfair Mining Closes Private Placement

Playfair Mining is pleased to announce that it has closed the non -brokered private placement

announced on May 18, 2022. The Company has issued 10, 700,000 common shares at $0.075

per share for gross proceeds of $ 802,500. All securities issued are subject to a hold period

expiring four months and one day from the date of issuance. The proceeds will be used for

exploration on the RKV project in South Central Norway and for general working capital purposes.

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 assumpti ons

related to certain factors including, without limitations, e xploration 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, g overnmental 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 r esults and forward -looking statements may vary materially from those described

herein.