Playfair hires Lantech for Mount Uniacke drilling

• Playfair Mining Ltd. has signed a drilling contract with Lantech Drilling Ltd. for its Mount Uniacke project within the Golden Circle district in Nova Scotia.
• The program consists of 2,950 metres across three drill holes targeting high-grade gold and bulk tonnage gold near historical surface workings.
• The program is fully financed and expected to commence around June 15, 2026.
• This marks the first core drilling at Mount Uniacke since 1995, supervised by Qualified Persons Greg Davison and Perry MacKinnon.
• CEO Don Moore highlighted excitement regarding Nova Scotia's "new gold era" and confirmed readiness for the program.

• The news represents operational execution of a previously announced plan rather than new strategic information.
• The financing required to fund this specific drilling program ($2.48 million) was closed in March 2026, meaning capital needs are already met.
• Hiring the contractor confirms management is adhering to the timeline established during the private placement closure.
• There is no immediate material change to valuation or risk profile compared to the financing announcement; it is a procedural milestone.
• The lack of drilling for 30 years introduces geological uncertainty, but the fully funded status mitigates immediate liquidity concerns.

• Flagship Project: Golden Circle Project in Nova Scotia, comprising eight historic properties including Mount Uniacke.
• Strategy: Re-evaluating historic gold districts using modern exploration techniques to unlock bulk-tonnage resources.
• Other Assets: Touquoy (completed mine), 15-Mile & Beaver Dam (positive pre-feasibility), Cochrane Hill (resource definition), Goldboro Long Section (advanced feasibility).
• Historical Context: Nova Scotia has a history of ~1.2M oz production across 350 mines, providing geological confidence in the region.
• Current Status: Exploration stage with no recent drilling on Mount Uniacke since 1995 prior to this program.