Playfair Mining Ltd., Vancouver, BC. TSX.V PLY; Playfair continues to advance rapidly towards its goal of becoming one of the world's principal developers of new high grade tungsten resources. PLY has 100% controlling interest in four advanced stage Canadian tungsten projects, Risby, Lened, Clea and Grey River with combined 43-101 and historical resources* totalling over 104 Million pounds of contained Tungsten.

The current value of tungsten is about US$260 per MTU, which equates to US $26 per Kilogram or US $12 per pound. Each of these high profile targets possesses considerable potential to add more resources with further exploration.

In the short term, the company's key priority is to aggressively advance its Grey River tungsten deposit toward production. A minimum 3,000 meter drill program is currently underway with the aim of significant resource expansion.

A minimum 7,000 meter drill program is planned at Risby during the summer of 2008.

• The 43-101 resource at Risby is currently over 65 million pounds of contained tungsten, and the goal of this drill program is to considerably expand the contained resource of the project.
• Become one of the world's principal developers of new highdevelopers high-grade tungsten resources resources.
• Capitalize on recent and future changes in the world tungsten market.
• Consistently evaluate new opportunities in the Tungsten marketopportunities market

Playfair’s Canadian Tungsten Projects

• Grey River , Newfoundland River
• Granite Lake , Newfoundland Lake
• Risby , Yukon Territory Risby
• Clea , Yukon Territory Clea
• Lened , NW Territories Lened

In addition to the Grey River and Risby tungsten deposits, Playfair owns two additional high-grade tungsten deposits, in Canada, and together containing over 23 Million pounds of historical resources estimates* that pre-date NI 43-101 but that have been delineated by well-established mining companies.

Pure tungsten play, Key priorities:

• progress the Grey River Deposit into production
• confirm & expand advanced Risby Deposit2) Deposit
• delineate the Granite Lake project and complete drill progra3) program
• Combined historical and NI 43Combined 43-101 Compliant resources of more than 100 million lbs. of contained tungsten (~5 million MTUs)
• Potential for material expansion of resources on all projects
• Projects at all stages from exploration to development Projects development
• Managed by a team of highly experienced exploration and development professionals

Playfair's property portfolio also includes Granite Lake; an exciting molybdenum exploration project, located in the logistically favourable centre of Newfoundland. Playfair recently completed a seven month drill campaign of about 8,700 metres in 47 diamond drill holes; much of the drilling focused on the priority Moly Hill Zone. Drill results show that Moly Hill Zone is a very compelling large-scale bulk tonnage molybdenum target which warrants extensive additional drilling. (Click here to download the Granite Lake Drill Plan Map PDF)

Our Strategy

1. Capitalize on favourable favourable Tungsten economics, and a strong Tungsten outlook for tungsten pricing outlook pricing
2. Develop the Grey River Deposit into the world Develop world’s next tungsten s producer outside of China
3. Expand the size of the already large Risby Deposit to provide further upside leverage to the price of tungsten for shareholder shareholders
4. Use future cash flow generated at Grey River to aggressively expand and advance Playfaire x pand Playfair’s other Canadian tungsten deposits, asserting the company asserting company’s position as the logical choice for investors wanting exposure to the tungsten space
5. Continue to generate and drill early stage but highly Continue highly-prospective properties such as the Granite Lake property to give investors t the he upside potential associated with early early-stage exploration.