Overview

Playfair Mining Ltd. (CVE:PLY) is a Canadian exploration company with a diverse portfolio of projects in Newfoundland & Labrador, Yukon, and the Northwest Territories. The Company is primarily exploring for tungsten, but has exposure to other metals, including copper, silver, rare earth elements, molybdenum, and gold. All of Playfair's projects are 100%-owned. Together, Playfair's tungsten properties contain more than an estimated 5.5 million MTUs of WO3, in both combined NI 43-101 compliant and non-compliant resource categories. In mid-April, the Company completed a +3,500m winter drill program on its Seal Lake copper - silver project.

Chief Properties

Grey River Project - Newfoundland & Labrador, Canada

Of all of the Company's tungsten assets, the Grey River Tungsten Project is perhaps closest to a production decision. Located near the Village of Grey River, the 1,750 hectare property sits on the south coast of Newfoundland with access to the world's shipping lanes via the Atlantic Ocean. The property was explored by Asarco from 1957 to 1970 through geological mapping, trenching, drilling, a 6,300 foot long adit, bulk sampling and metallurgical testing. To date, more than 300 Tungsten (wolframite) enriched quartz greisen veins have been discovered. Asarco had destined the main #10 Vein for production; however a price drop in tungsten made production unprofitable at the time. In 2007, after drilling the #10 Vein, Playfair reported a NI 43-101 inferred resource estimate of 16.1M lbs of WO3, from 852,000 tonnes at an average grade of 0.86% WO3. The Company feels there is great potential for further expansion of the main deposit, as well as the property's many other veins which have yet to be explored in detail.

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Risby Tungsten - Yukon Territory, Canada (89,400,000 lbs)

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The advanced-stage Risby Tungsten Deposit is a scheelite-bearing skarn occurrence located in east central Yukon and is accessible by a 25 km winter tractor road from an all-weather highway. The property is located approximately 55 kilometres west of Ross River. Intrusive rock activity has produced sediment hosted tungsten (scheelite) skarn mineralization, with lesser copper and molybdenite mineralization. Risby deposit mineralization is found in two proximal and parallel trending horizons, the upper and lower skarn horizons; both of which occur close to and parallel the intrusive quartz monzonite contact. The property was worked on from 1968 to 1982 by the Caltor Syndicate and Hudson Bay Exploration and Development Co. Ltd. Together their exploration efforts included 48 diamond drill holes (7,057 metres), geological mapping, trenching, and ground geophysics. Recent work by Playfair includes diamond drilling, resource expansion and a 2009 NI 43-101 compliant inferred resource calculation of 8,537,000 tonnes of 0.475% WO3 at a 0.2% cut-off. Playfair feels there is great potential for further expansion of the Risby deposit, as its full extent has yet to be defined, with on strike mineralization remaining open in two directions.

Management

Donald G. Moore - CEO & Chairman

Mr. Moore's connection with the mining industry began over thirty years ago while working summers in the Dickinson Mine (Goldcorp) in Red Lake Ontario during high school and university. Following graduation from University of Waterloo, Mr. Moore  joined the Mining brokerage firm Doherty Roadhouse & McQuaig (eventually became Midland Walwyn)   in 1968 where the foundation of his experience in the Mining investment industry evolved. In 1976 he accepted the challenge of reviving the economy of the mining town of Kirkland Lake, Ontario, where , in his role of Director of Economic Development conceptualized, raised funds for and had implemented a number of Geoscientific programs which became the standard for Ontario.   . In 1981 he continued to diversify his knowledge and involvement in the mining industry as Director and Executive Vice President of International Corona in Vancouver, B.C. where he worked with David Bell in the early stages of the development of Ontario's prolific Hemlo gold deposits. He then launched a career as an independent consultant to the mining and mining investment industry. His expertise now includes organizing, restructuring, promoting and negotiating complex acquisitions and joint ventures for junior and senior mining companies, based in North America and in Europe. Mr. Moore is currently a director and officer of several other public companies, including Rupert Resources, and Kermode Resources.

D. Neil Briggs -  Director

Mr. Briggs has a Bachelor of Science degree in geology from the University of Durham, England. He held a senior exploration position with Falconbridge Nickel Mines Limited, during which time he established the company's regional exploration office for the Atlantic Provinces of Canada. Starting in the early 1980′s, Mr. Briggs held senior management positions with Manitoba Mineral Resources Ltd. (MMR) ultimately serving as president from 1993-1995. While at MMR, Mr. Briggs managed the company's 27% interest in the Trout Lake Joint Venture and annually negotiated the sale of MMR's share of production from the 2,500 ton per day Trout Lake Mine resulting in annual revenues of some $18 million. He also represented MMR on the Board of Tantalum Mining Corporation of Canada (Tanco), North America's only tantalum producer. Mr. Briggs is a director and officer of several other public companies, including Rupert Resources, and Kermode Resources.

Ricardo Ho - Chief Financial Officer

Mr. Ho holds a Bachelor of Commerce degree from the University of British Columbia. For the past 6 years he has been providing accounting and consulting services to the junior mining exploration industry.

James Robertson, B. Sc., P. Eng. - Director

Mr. Robertson is a Professional Engineer and President of Midas Management Inc., a private company specializing in management and financial services for mineral exploration companies. He was previously employed as Manager of Engineering for Acres International and has over 35 years of experience in management of mining exploration and development and corporate administration and finance.

Jeff Lightfoot - Director

Mr. Lightfoot holds a Bachelor of Law degree from Osgoode Hall Law School, Toronto, Ontario (1984); as well as a Bachelor of Business Administration degree from Wilfrid Laurier University, Waterloo, Ontario (1981). Mr. Lightfoot has been a member of the Law Society of British Columbia since September, 1985; and a Partner with the law firm of Maitland & Company since March, 1994. He specializes in securities law issues, with a focus on junior companies listed on the Exchange. Mr. Lightfoot has been a director and/or officer of a number of public companies listed on the Exchange and is currently a director of Amerix Precious Metals Corporation, Tatmar Ventures Inc., LTT Capital Corp. and Avani International Group Inc. (OTC-BB). Mr. Lightfoot is not a party to any employment, non-competition or confidentiality agreement with the Corporation. As a partner of Maitland & Company, legal counsel for the Corporation, Mr. Lightfoot will be involved in providing legal services to the Corporation on a fee for services basis.

Michael Moore - Director

Mr. Moore has worked in mineral exploration and development for over 20 years and has been actively involved in projects in North America, South America and Africa. Mr. Moore has experience in precious, base and industrial metal exploration and has contacts in the mining industry throughout the world. He is a professional geologist registered with APEGBC and a graduate of Carleton University in Ottawa, Canada. Mr. Moore is currently a director/officer of several public mining exploration companies listed on the TSX exchanges; including Secova Metals Corp (SEK) and Revolution Resources (RV).