Mr. Bassam Moubarak reports

PLANET X II CAPITAL REPORTS 2023 SHAREHOLDER MEETING RESULTS

Planet X II Capital Corp. has released the results of its annual general and special meeting of shareholders held on Sept. 20, 2023, in Vancouver, B.C., Canada. At the meeting, shareholders approved all of the resolutions detailed in the related management information circular, namely:

• Setting the number of directors to be elected at the meeting at three;
• Electing all nominee directors to the board of directors of the company for the ensuing year;
• Appointing Crowe Mackay LLP, Chartered Professional Accountants, as auditor of the company to hold office until the next annual meeting of shareholders, or until a successor is appointed, and authorizing the directors of the company to fix the remuneration of the auditor; and
• Approving the stock option plan of the company.

Votes representing 2.51 million shares or 61.22 per cent of the issued and outstanding shares of the company as at the record date were cast. The attached table details the results.

Motion                               Votes for    Votes against     Votes withheld

Number of directors               2.51 million                0                N/A
                                     (100.000%)         (0.000%)                
Election of directors                                                       
Bassam Moubarak                   2.51 million                0                N/A
                                     (100.000%)         (0.000%)
Paul Matysek                      2.51 million                0                N/A
                                     (100.000%)         (0.000%)
Dino Minicucci                    2.51 million                0                N/A
                                     (100.000%)         (0.000%)
Appointment of auditor            2.51 million                0                N/A
                                     (100.000%)         (0.000%)
Approval of stock option plan     2.51 million                0                N/A
                                     (100.000%)         (0.000%)

About Planet X II Capital Corp.

The company is a capital pool company (CPC) within the meaning of the policies of the TSX Venture Exchange (TSX-V) that has not commenced commercial operations and has no assets other than cash. The current directors and officers of the company are Mr. Moubarak (chief executive officer, chief financial officer, corporate secretary and director), Mr. Matysek (director), and Mr. Minicucci (director).

Except as specifically contemplated in the CPC policies of the TSX-V, until the completion of its qualifying transaction (as defined therein), the company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.