Wednesday, November 4, 2009

Playfair appoints Rare Earth expert to the Board of Directors

Playfair Mining is pleased to announce the appointment of Michael Moore as a Director of Playfair. Mr. Moore's career in mineral exploration and development has spanned more than 20 years and he has been involved in exploration programs in North America, South America and Africa. Mr. Moore has extensive experience in precious, base and industrial metal exploration and has significant contacts in the mining industry throughout the world. He is a professional geologist registered with APEGBC and a graduate of Carleton University in Ottawa Canada. Mr. Moore is also a director and advisor to several public mining exploration companies.

The significance of this appointment is that Mr. Moore is very familiar with Rare Earth Element mineralization having worked Rare Earth projects in the past. Having his expertise as Playfair moves to become a significant player in the Rare Earth sector will be a valuable asset.

Despite current world economic instability, Playfair's management continues to be bullish on the long term prospects of both tungsten and Rare Earth Element prices. Playfair's recent acquisition of the Joy Rare Earth Element property in south central Labrador has strengthened and diversified Playfair's portfolio of strategic metal assets. Playfair is continuing to seek out new strategic metal projects to add to its exploration property portfolio.

Strategic metals are a group of metals including Tungsten, Rare Earths and other metals deemed to be imperative in the manufacture of certain vital products, such as motors & batteries in hybrid cars, consumer electronics, miscellaneous green energy technologies and military applications. In general, strategic metals have no practical substitute and with China controlling about 85% of the world Tungsten market and 95% of the world Rare Earth market, supply issues are a real concern. With China's recent moves to restrict, and in some cases ban the export of strategic metals, the rest of the world is moving to secure future supply of these crucial metals.

See the full details on the release by Visiting the companies website.

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