Playfair Mining Ltd. announced a non-brokered private placement of 10,000,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 500,000 on April 12, 2023. No finders' fees will be paid in connection with this offering. The transaction is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The transaction is expected to be closed on or before April 28, 2023.