Playfair Mining Ltd.: Risby Tungsten Deposit Drilling Underway

Playfair Mining (TSX VENTURE:PLY) is pleased to announce resumption of drilling
of the advanced-stage Risby Tungsten deposit, located near Ross River, Yukon.
The diamond drill program is planned to be a minimum of 7,000 metres of core
drilling, in at least twenty holes.


Playfair's primary focus will be to drill the untested on-strike and down dip
extensions of the known Tungsten deposit, particularly to the east and north of
the historical drilling area. Playfair will also drill untested surface gossan
zones located as much as one kilometre north on-strike of the main deposit area.
The drill campaign will take approximately four months to complete.


Results from the 2008 drill program will greatly enhance Playfair's
understanding of the Risby Tungsten deposit. Playfair's ultimate goal is to
provide a significant increase in the deposit's overall Tungsten resource and
also create a generous data set sufficient to complete a quality preliminary
economic assessment (or scoping study) of the deposit.


In August of last year, Playfair announced that Wardrop Engineering Inc, using
both the historical Hudson Bay Exploration and Development Company Ltd. (HBED)
and 2006 Playfair drill data, had completed a NI 43-101 compliant Mineral
Resource Estimate for Risby. That study reported an Inferred Resource of 65.0
million pounds of tungsten trioxide (6,385,000 tonnes at an average grade of
0.462% WO3 at a 0.20% WO3 cutoff), which is an increase of 38.0% over the
earlier historic estimate(i) of 47.1 million pounds (2,651,975 tonnes at an
average grade of 0.808% WO3 at a 0.40% WO3 cutoff) prepared by the HBED in 1982.


Playfair's wholly-owned Risby Tungsten deposit is a scheelite-bearing skarn
occurrence. The deposit is located approximately 55 kilometres west of Ross
River, Yukon, Canada and is underlain by lower Paleozoic sedimentary rocks that
have been intruded by Cretaceous age biotite-quartz monzonite. The intrusive
activity has produced skarn mineralization, principally tungsten skarn with
lesser copper and molybdenite metal enrichment. The principle tungsten target is
two tungsten skarn horizons, the upper and lower skarn horizons, both of which
occur close to and paralleling the quartz monzonite contact.


Donald Moore, Playfair's Chairman and CEO, states, "We continue to be very
bullish on the long term price of tungsten and are steadfastly determined to
increase the size of our already substantial high grade tungsten assets. Our
commitment to this goal is reflected in the company's extensive 2008 drill
programs, where over 10,000 metres of combined drilling will be completed at
Grey River and Risby."


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


No Stock Exchange has Approved or Disapproved the Information Contained Herein.

43-101 Compliant Resource Estimates.  In addition, to these four deposits,
Playfair has the early stage but highly-prospective Granite Lake Molybdenum
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
---------------------------------------------------------------------------
Property Classifi-  Cut-off    Tonnes  Grade     Pounds     MTU's   Company
            cation    Grade              WO3 %      WO3
                       %WO3
---------------------------------------------------------------------------
Risby     Inferred      0.2 6,385,000   0.46 65,043,600  2,950,200 Resource
                                                                       2007
---------------------------------------------------------------------------
Grey      Inferred      0.2   852,000   0.86 16,153,700    732,700  Wardrop
River     Resource                                                    2007
---------------------------------------------------------------------------

Historic Resource Estimates(i)

---------------------------------------------------------------------------
Property Classifi-  Cut-off    Tonnes  Grade     Pounds     MTU's   Company
            cation    Grade              WO3 %      WO3
                       %WO3
---------------------------------------------------------------------------
   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

No Stock Exchange has Approved or Disapproved the Information Contained Herein.

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
Playfair Mining (TSXV:PLY)
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