|September 22, 2008|
Playfair Mining Ltd. Closes Private Placement
|Playfair Mining Ltd. (the "Company") (TSX-V: PLY) is pleased to announce that further to its news releases of June 23, 2008 and August 18, 2008, it has closed its private placement, issuing an aggregate 10,051,546 flow-through common shares at a price of $0.11 per share, for gross proceeds of $1,105,670. The Company paid finders' fees totaling $49,137.90 in connection with the private placement.|
All securities issued with respect to this private placement are subject to a hold period expiring on January 20, 2009.
The private placement proceeds will be used to advance the Company's drill programs underway at the Grey River and Risby properties.
Visit our website at www.playfairmining.com for more information.
ON BEHALF OF THE BOARD
"D. Neil Briggs"
D. Neil Briggs
President and Director
No Stock Exchange has Approved or Disapproved the Information Contained Herein.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.