Mr. Robert Orr reports

PLANET MINING PROVIDES FURTHER UPDATE ON CHANGE OF BUSINESS

Planet Mining Exploration Inc. is continuing to work toward completion of its previously announced change of business from a junior mineral exploration company to an "investment issuer." To that effect, the company is currently in the process of satisfying all of the conditions set out by the TSX Venture Exchange in the previously announced conditional approval received by the company. The company anticipates completing the change of business in due course. Final approval of the change of business remains subject to exchange approval.

Pursuant to the change of business, the company intends to become a diversified investment and merchant banking firm focused on the junior resource exploration market. The company's proposed investment activities will primarily be in the resource sector, including precious metals, uranium and coal, oil and gas, base metals, potash, lithium, and rare earths.

For further information with respect to the change of business, reference should be made to the management information circular dated as at Feb. 8, 2013, a copy of which has been filed by the company on SEDAR and is available under the company's profile.

We seek Safe Harbor.