PLY Playfair Mining Ltd

Playfair Mining (TSX VENTURE:PLY) is pleased to announce resumption of drilling
of the Grey River # 10 Vein Tungsten deposit. The diamond drill program will
include a minimum of 3,000 metres of core drilling, in at least eight holes.


Playfair's primary focus will be to drill the untested down dip extensions of
the Tungsten deposit located below the two kilometre long adit. The program also
includes some near surface, along strike drill testing. The drill campaign
should take six to eight weeks to complete.


Results from the 2008 drill program will greatly enhance Playfair's
understanding of the Tungsten deposit, with the ultimate goal of providing a
significant increase in the deposit's overall Tungsten resource.


In February of this year, Playfair announced the results of the independent
Preliminary Economic Assessment for the 100% owned Grey River Tungsten project.
The report, completed by Golder Associates Ltd., was based on the July 2007
Inferred Mineral Resource calculation for the currently defined portion of the
Grey River #10 Vein deposit. The Golder report stated that the Net Present Value
(NPV) of the deposit is currently positive with a possible total pre-tax cash
flow of $US11 Million and NPV of $US 314,000 (or "break-even"), using a 7%
discount rate. The study also concluded that project profitability is sensitive
to both metal prices and the size of the resource; increases in either have the
potential to improve the project value substantially.


While Playfair is very bullish on the price of tungsten and recognizes that an
upward move in the price of tungsten can have a dramatic positive impact on the
project economics, this drill program to expand the deposit is being done to
proactively improve the project dynamics, regardless of the future price of the
metal.


To this end, Playfair has planned a drill program with the objective of
increasing the size of the #10 Vein deposit, which is currently estimated at an
inferred resource of 852,000 tonnes grading 0.86% WO3 (0.2% cut-off) or 16.15
million pounds (732,000 MTU's) of WO3 (Wardop Engineering 2007).


Donald Moore, Playfair's Chairman and CEO, states, "Today's announcement is
indicative of our strategy to persistently increase the size of our already
substantial high grade tungsten assets. To this end, Playfair will drill both
the Grey River and Risby Tungsten deposits, over the next eight month period."


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
the early stage but highly-prospective Granite Lake Mo-W exploration property.
Playfair is very well positioned to benefit from the expanding global demand for
tungsten having four high-grade deposits, all located within Canada.




NI 43-101 Compliant Resource Estimates
--------------------------------------------------------------------------
                      Cut-
                      off
          Classif-  Grade            Grade      Pounds
Property  ication    %WO3     Tonnes  WO3%         WO3      MTU's  Company
--------------------------------------------------------------------------
Risby     Inferred    0.2  6,385,000  0.46  65,043,600  2,950,200  Wardrop
          Resource                                                    2007
--------------------------------------------------------------------------
Grey      Inferred    0.2    852,000  0.86  16,153,700    732,700  Wardrop
River     Resource                                                    2007
--------------------------------------------------------------------------

Historic Resource Estimates(i)
--------------------------------------------------------------------------
                      Cut-
                      off
          Classif-  Grade            Grade      Pounds
Property  ication    %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.



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


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

ON BEHALF OF THE BOARD

D. Neil Briggs, President and Director

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