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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (322)	9/24/2001 2:48:50 PM
From: Al Collard	Read Replies (3) \| Respond to of 505

September 24, 2001 The Company announces that it has engaged Georgia Pacific Securities Corporation of Vancouver, British Columbia (the “Agent”), to assist in carrying out a public offering of up to 2,000,000 units at a price of $0.25 per unit for total proceeds of $500,000 by way of short form offering document. Each unit will consist of one common share and one non-transferable share purchase warrant. Every two warrants will entitle the holder to purchase one additional common share of the Company at any time for twelve months from the closing date at a price of $0.30 per share. The Company intends to use the net proceeds, combined with its current working capital, for exploration drilling on its San Miguel Property, Mexico and for its general, administrative and working capital purposes. The Agent will be entitled to a commission equal to 10% of the gross proceeds raised, payable at the option of the Agent, either in cash or by the issuance of units of the Company (being equivalent to the units offered under the short form offering) at a deemed price of $0.25 per unit, or by a combination of cash and units. The Agent will also receive non-transferable share purchase warrants in an amount equal to 12% of the number of units that may be sold, each warrant entitling the holder to acquire one common share of the Company for twelve months from the closing date at a price of $0.30 per share. The public offering and the short form offering document being filed therewith is subject to approval of the Canadian Venture Exchange. Visit our website at www.playfairmining.com ON BEHALF OF THE BOARD D. Neil Briggs President and Director