|April 20, 2006|
Playfair Mining closes Final Tranche
|Playfair Mining is pleased to announce it has closed on the second and final tranche of the non-brokered private placement announced March 20, 2006. The company has issued 957,760 common shares at a price of 80 cents per share for proceeds of $766,208. Combined with the first tranche which closed on March 31, 2006 the Playfair has raised a total of $3,806,228. A finder's fee of $61,296.44 was paid. 2,631,600 flow through shares and 675,000 common shares are subject to a four month hold period expiring on August 1, 2006 and 957,760 common shares are subject to a four month hold period expiring on August 21, 2006.|
Playfair will use the proceeds for exploration and working capital purposes.
Visit our website at www.playfairmining.com for more information.
ON BEHALF OF THE BOARD
D. Neil Briggs
President and Director
No Stock Exchange Has Approved or Disapproved The Information Contained Herein