Playfair Mining Ltd.: Drilling Underway at Seal Lake Copper Silver Project

Drilling is underway at Playfair Mining Ltd.'s (TSX VENTURE:PLY) 100% owned
copper-silver Seal Lake project located in central Labrador, Canada. 


The extensive Seal Lake property covers a sediment hosted stratiform
copper-silver system in the Central Mineral Belt of Labrador. Some 136
copper-silver occurrences, showings and prospects are known on Playfair's 16,825
ha property. The majority of the 16 showings and 9 prospects occur within a
consistent and laterally extensive stratigraphic horizon - the basal gray shale
of the Upper Adeline Island Formation. The overall stratigraphy and host rocks
at Seal Lake are similar to the rocks hosting the world-famous White Pine
copper-silver district in Michigan. 


Playfair's 4,000m program is planned to test the basin-wide continuity of
copper-silver occurrences previously drilled in 1956 and 1972. The first target
area is located near the west end of the property. Drilling in this area will
test a 10km strike length with holes spaced 1km apart. The second target area is
located near the east end of the property. Drilling in the second area will test
a 5km strike length with holes spaced 1km apart. 


Highlights of previous work on the property are 6.4m of 2.5% Copper at Adeline
Island, 11.3m of 1.0% Copper and 30.4 gpt Silver (including 4.9m of 2.5% Copper
and 93.0 gpt Silver) at Ellis, 6 km east of Adeline Island and 11.0m of 2.9%
Copper and 45.9 gpt Silver at Whiskey Lake, about 30 km east of Adeline Island.


In addition to the Seal Lake copper-silver exploration opportunity, Playfair has
four properties with substantial high-grade tungsten deposits. Playfair's four
tungsten deposits have all had significant work completed on them. Two of the
deposits (Risby and Grey River) have NI 43-101 compliant resource estimates
while the other two deposits (Lened and Clea) have historical noncompliant
NI43-101 resource calculations. Playfair continues to believe that there is a
strong case for an impending global Tungsten shortage, as is evidenced by the
continued strong rebound in the price of Tungsten.


Tungsten has recently traded to an all-time high of $365 per Metric Ton Unit (or
$16.56 per pound), an increase of 50% over recent lows. Please see our website
for an internet link for the spot Tungsten price.


Visit our website at www.playfairmining.com for more information and recently
added Seal Lake related drill program photos and videos.


ON BEHALF OF THE BOARD

D. Neil Briggs, Director

Michael Moore, PGeo, is the qualified person who has reviewed the technical
information contained in this news release on behalf of the company.


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 and forward-looking statements may vary materially
from those described herein.