|June 08, 2010|
Playfair Closes Financing
|Playfair Mining is pleased to announce it has closed the second tranche of its non-brokered private placement announced April 16, 2010. The Company has issued an additional 1,250,000 shares at a price of $0.10 per share for additional gross proceeds of $125,000 and paid finder's fees of $2,500. All securities issued pursuant to this second tranche offering will have a hold period expiring on October 8, 2010. The Company will use the proceeds to advance its 100% owned Seal Lake Cu-Ag Copper-Silver exploration project and for working capital purposes.|
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ON BEHALF OF THE BOARD
"D. Neil Briggs"
D. Neil Briggs
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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, without 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 regulation and supervision, seasonality, technological change, industry 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 may vary materially from those described herein.