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Playfair Mining Ltd. Capital/Financing Update 2026

Feb 5, 2026

42497_rns_2026-02-04_b88ea92c-dc94-4a63-8e61-942a5093e280.pdf

Capital/Financing Update

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FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Playfair Mining Ltd. 738-1489 Marine Drive West Vancouver, B.C. V7T 1B8

Item 2 Date of Material Change

February 4, 2026

Item 3 News Release

The news release dated February 4[th] , 2026 was issued from Vancouver, BC, and disseminated through Canada Stockwatch.

Item 4

Summary of Material Change

Playfair Mining Ltd is pleased to announce that, due to strong demand, the previously announced post consolidation Private Placement has been increased to 40 million Units for total proceeds of $2,400,000 CAD.

Item 5 Full Description of Material Change

Playfair Mining Ltd is pleased to announce that, due to strong demand, the previously announced post consolidation Private Placement has been increased to 40 million Units for total proceeds of $2,400,000 CAD.

Please refer to Playfair’s news releases dated January 28 and January 30, 2026, for details.

Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Confidentiality is not requested.

Item 7 Omitted Information

No information has been omitted in respect of the material change.

Item 8 Executive Officer

Donald G. Moore, Chairman and CEO Tel (604) 377-9220

Item 9 Date of Report

February 4, 2026