Playfair Announces Increase in Financing to $2.5 Million and Closes on First Tranche

Due to strong interest in this financing, Playfair Mining (TSX VENTURE:PLY), in
connection with its previously announced flow-through private placement, has
increased the amount to be raised from $1 million to $2.5 million.


Playfair closed on a $700,000 first tranche of its non-brokered flow-through
private placement which was announced on September 10, 2010. Finder's fees of
$25,500 cash, 380,000 common shares and 8,000 broker warrants are payable on
this first tranche. All securities issued pursuant to this first tranche are
subject to a hold period expiring February 15, 2011.


Playfair will use the proceeds to commence drilling on its 100% owned Seal Lake
project, a region of widespread strata-bound sediment-hosted copper-silver
mineralization.


Visit our website at www.playfairmining.com for more information.

ON BEHALF OF THE BOARD 

D. Neil Briggs, Director

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.