PLY.V · 2025-02-03 12:00:00

Playfair Mining Private Placement Financing

Financings

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 3, 2025

Playfair Mining Private Placement Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

West Vancouver, B.C. – Playfair Mining Ltd. (“Playfair”, or the “Company”); PLY-TSXV, has arranged a

non-brokered private placement of up to 10,000,000 common shares of the Company (“Shares“) at a price

of $0.025 per Share (the “Offering“), for aggregate gross proceeds of up to $250,000. No finders’ fees are

payable in connection with the Offering.

The proceeds raised from the Offering will be used to pay the initial $130,000 payment under the Golden

Circle option agreement with ExplORE Resources Limited announced on November 20, 2024. The balance

will be allocated towards certain accounts payable and general working capital purposes. None of the

proceeds will be used for payments to non -arm’s length parties or persons conducting investor relations

activities.

The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals

including the approval of the TSX Venture Exchange.

The Offering is expected to close on or before March 14, 2025. All Shares issued pursuant to the Offering

will be subject to a hold period expiring 4 months and 1 day following issuance.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for

the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from

the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation

of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction

in which such offer, solicitation or sale would be unlawful.

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 those described herein.