|August 30, 2006|
Playfair retains European Advisors
|Playfair Mining Ltd. (the "Company") is pleased to announce that it has entered into agreements with three European public relations firms: Small Cap Invest Ltd. ("SCI"), General Research GmbH ("General Research"), and Global Business Partners AG ("Global"), to provide advisory and marketing services to the Company.|
SCI is a European based public relations firm for small and medium sized public companies, with Mr. Alexander Friedrich as Managing Director. SCI will provide investor relations advisory services to the Company, including, but not limited to, translating the Company's corporate information, and establishing a profile for the Company with French and German-speaking financial and institutional investors.
SCI will be paid a fee of EUR 5,000 per month plus expenses for an initial 3-month term effective September 1, 2006 and thereafter subject to a 30-day termination clause by either party. SCI will also receive 200,000 options exercisable at CDN $0.37.
General Research will produce a research report on the Company for dissemination to institutional and private investors and the German financial press. General Research will be paid a flat fee of EUR 15,000 for the contract.
Global will conduct various investor relations activities to increase the exposure of the Company in Europe. The agreement is for a 3 month term and Global will receive a fixed fee of EUR 30,000 plus expenses and will also receive 125,000 options exercisable at CDN $0.37.
All agreements are subject to TSX-V approval.
Playfair owns 100% of four high-grade Canadian tungsten deposits, Grey River (Newfoundland), Risby (Yukon), Lened (Yukon) and Clea, (Northwest Territories). Playfair is well financed and intends to aggressively advance these deposits towards production to take advantage of the buoyant tungsten market.
Visit our website at www.playfairmining.com for more information.
ON BEHALF OF THE BOARD
D. Neil Briggs
D. Neil Briggs
President and Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.