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File: Planet Mining-  News Release - COB update - June 2013.pdf

                                                                                 302-750 West Pender Street
                                                                                   Vancouver, B.C. V6C 2T7
                                                                                  www.planetexploration.net




    PLANET MINING PROVIDES FURTHER UPDATE ON CHANGE OF BUSINESS

Vancouver, B.C., June 14, 2013 � Planet Mining Exploration Inc. (TSX�V: PXI) (the
"Company") announces that it is continuing to work towards completion of its previously
announced change of business from a junior mineral exploration company to an "investment
issuer" (the "COB"). To that effect, the Company is currently in the process of satisfying all of
the conditions set out by the TSX Venture Exchange (the "Exchange") in the previously
announced conditional approval received by the Company. The Company anticipates completing
the COB in due course. Final approval of the COB remains subject to Exchange approval.

Pursuant to the COB, 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 COB, reference should be made to the management
information circular dated as at February 8, 2013, a copy of which has been filed by the
Company on The System for Electronic Document Analysis and Retrieval (SEDAR) and will be
available under the Company's profile at www.sedar.com.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction
and has neither approved nor disapproved the contents of this press release.

For further information, please contact:

Planet Mining Exploration Inc.

Robert Orr
Investor Relations

Tel: 604-681-0084

BY ORDER OF THE BOARD

Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the
meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of
words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or
statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be take n,
occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a
number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to
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differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in
this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The
Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as
may be required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. newswire services or for dissemination in the United States of America.