Playfair Mining Hires Project Manager for Grey River Tungsten Deposit

Playfair Mining (TSX VENTURE:PLY) is pleased to announce the hiring of Peter H.
Atkinson as Project Manager for the company's wholly-owned Grey River,
Newfoundland tungsten deposit.


Mr. Atkinson has a distinguished career in the mining industry and is an
experienced and expert manager. Past positions within the industry held by Mr.
Atkinson include Mine Superintendent, General Superintendent and General Manager
of Operations responsible for Potash Company of America's operations in New
Brunswick, Chief Engineer for Afton Mines and Manager of Mining Operations for
Home Oil Company. Mr. Atkinson attended the Montana School of Mines, obtaining a
Bachelor of Science in Mining Engineering. As part of Mr. Atkinson's
compensation package, Playfair has granted him 400,000 options exercisable at a
price of $0.75.


Neil Briggs, President of Playfair Mining, states, "It is our goal at Playfair
Mining to become the world's next producer of tungsten outside of China. Today's
announcement of the hiring of Peter Atkinson as Project Manager for our Grey
River project is a significant step towards the completion of this goal. While
Playfair continues to work on expanding the Risby deposit and exploring at
Granite Lake, the time had come to secure the services of a full-time Project
Manager for our Grey River deposit. This illustrates the advanced nature of the
project and our belief in fast-tracking this deposit into production. To find
somebody with Mr. Atkinson's extensive mining management experience to steer
this project towards production is a real achievement."


Mr. Atkinson, in his role as Project Manager, will coordinate and oversee the
advancement of the Grey River project and will work with the various engineering
firms, company employees, and government bodies involved in the project as it
progresses towards mining operations.


Playfair's Canadian Tungsten Deposits

Playfair owns four high-grade tungsten deposits, all in Canada. Two of the four
high-grade deposits (Lened and Clea) have significant historical resource
estimates that pre-date NI 43-101 but that have been delineated by well
established mining companies. The Grey River and Risby deposits have NI 43-101
Compliant Resource Estimates. In addition, to these four deposits, Playfair has
an early stage but highly-prospective exploration property at Granite Lake.




NI 43-101 Compliant Resource Estimates

---------------------------------------------------------------------------
                       Cut-off
                         Grade           Grade     Pounds
Property Classification   %WO3    Tonnes  WO3%        WO3     MTU's Company
---------------------------------------------------------------------------
Grey     Inferred          0.2   852,000  0.86 16,153,700   732,700 Wardrop
 River   Resource                                                   2007
---------------------------------------------------------------------------
Risby    Inferred          0.2 6,385,000  0.46 65,043,600 2,950,200 Wardrop
         Resource                                                   2007
---------------------------------------------------------------------------

Historic Resource Estimates(i)

---------------------------------------------------------------------------
                       Cut-off
                         Grade           Grade     Pounds
Property Classification   %WO3    Tonnes  WO3%        WO3     MTU's Company
---------------------------------------------------------------------------
Lened    Historic          0.4   737,000  1.14 18,523,050   840,200 Union
         Resource(i)                                                Carbide
                                                                    1986
---------------------------------------------------------------------------
Clea     Historic          0.5   257,000  0.93  5,269,000   239,000 Placer
         Resource(i)                                                Dome
                                                                    1980
---------------------------------------------------------------------------

(i) Estimates of tungsten resources are historical in nature, predate and 
are noncompliant with NI 43-101. Playfair is not treating the historical 
estimates as current mineral resources or reserves. Playfair has not 
undertaken any independent investigation of the resource estimates nor has
it independently analyzed the results of the previous exploration work in 
order to verify the resources, and therefore the historical estimates 
should not be relied upon. However, Playfair believes that these historical
estimates provide a conceptual indication of the potential of the 
occurrences and are relevant to ongoing exploration.



About Tungsten

Tungsten is an extremely hard, heavy, steel-grey to white metal that is
remarkable for its robust physical properties and vast uses. Tungsten cannot be
substituted in many industrial applications. Tungsten has the highest melting
point of all metallic elements. Tungsten is a strategic metal and emerging
economies such as India and China are consuming increasing amounts of tungsten.
The current price of tungsten is approximately US $12 per pound.


Until 2005, China was the world's largest exporter of tungsten concentrate.
Rapid industrialization and structural economic changes within China have
resulted in the restriction of tungsten exports from China. China is now the
world's largest consumer of tungsten. Escalating Chinese consumption, in
conjunction with the ongoing demand in the world's principal economies has
resulted in a dramatic increase in the price of tungsten. Tungsten prices are
quoted per Metric Ton Unit of contained tungsten trioxide (WO3). One MTU
contains 10 kilograms of WO3 and is the standard weight measure of the tungsten
trade. Ammonium Paratungstate ("APT") is an intermediate product in the
production of tungsten metal for which prices are available. A price of US$260
per MTU equates to US $26 per Kilogram or US $12 per pound.


Playfair is very well positioned to benefit from the expanding global demand for
tungsten having four high-grade deposits, all located within Canada.


Michael Moore P.Geo is the Qualified Person who has reviewed the technical
information contained in this News Release on behalf of Playfair.


ON BEHALF OF THE BOARD

D. Neil Briggs, President and Director