PLY.V · 2026-02-25 12:00:00

Playfair Mining Ltd. Announces Share Consolidation

Corporate Actions

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 February 25, 2026

Playfair Mining Ltd. Announces Share Consolidation

PLAYFAIR MINING LTD is pleased to announce that further to its news release dated January

28, 2026 the TSX Venture Exchange has approved the consolidation of the Company's issued

and outstanding common shares on the basis of one (1) new Share for every three (3) old

The Consolidation will become effective on the TSXV at the opening of market on February 27,

2026. The new CUSIP and ISIN of the Company will be 72811X303 and CA72811X3031,

respectively. The Company's name and stock symbol shall remain the same.

Currently, a total of 141,347,160 Common Shares are issued and outstanding. Following the

Consolidation, a total of 47,115,720 Shares will be issued and outstanding. No fractional Shares

will be issued as a result of the Consolidation.

Computershare will mail out a Letter of Transmittal to the shareholders of the Company providing

instructions on exchanging pre-Consolidation share certificates for post-Consolidation share

certificates. Shareholders are encouraged to send their share certificates, together with their

Letter of Transmittal, to Computershare in accordance with the instructions in the Letter of

Transmittal.

It is expected that the Private Placement offering for gross proceeds of $2.4 million announced

January 28 and 30, 2026, and February 4, 2026 will close on or around March 9, 2026. The

private placement consists of up to 40,0000 Units (post Consolidation) at a price of $0.06 per

Unit (post Consolidation price) with each Unit comprised of one common share and one common

share purchase warrant, the warrants issuable as part of the Units shall be exercisable at a price

of $0.15 (on a post-Consolidation basis) for a period of two (2) years from the date of issuance.

About Playfair Mining

Playfair is a Canadian -based resource company currently active at its Golden Circle Project, a

76.47 sq km area covering 8 historic gold districts in Nova Scotia.

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

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 t hose described herein.