Mr. Christopher Cooper reports

PLANET VENTURES TO ACQUIRE QUEBEC MINERAL CLAIMS AND APPOINTS CHIEF EXECUTIVE OFFICER

Planet Ventures Inc. has entered into a claim sale agreement among the company, Wildwood Exploration Inc., Shawn Ryan and Isaac Fage, pursuant to which the company has agreed to purchase 46,909 hectares consisting of 1,013 mineral claims located in the province of Quebec. The Potier claims will be held by the company's wholly owned subsidiary, Planet Ventures Exploration Inc. (Subco).

The Potier claims consists of three separate district-scale projects, named Snap, Crackle and Pop, within Quebec's emerging Leaf River South lithium camp (Nunavik), located 200 kilometres west-southwest of the community of Kuujjuaq, Que. Several companies are now active in the area with multiple large land acquisitions having taken place in recent months.

The acquired claims cover some of the highest (99-per-cent percentile) lithium, cesium and rubidium lake sediment anomalies in the entire Quebec government lake sediment database (SIGEOM) that sit within favourable geological hosts of leucotonalites, granites, gneiss and mafic basalts units. The highly elevated lake sediment samples over favourable geology associated with regional magnetic structure and documented pegmatites represent an optimal environment for rare element pegmatites.

"This is a pronounced area of extremely elevated rare element lake sediment samples hosting documented pegmatites," said renowned prospector and property vendor Shawn Ryan. "These sample results, coupled with felsic intrusive activity in structurally prepared ground, provides high exploration merit for Planet Ventures. The ground was identified as highly prospective and staked as a result of these and other datasets," continued Mr. Ryan.

The Snap project consists of 396 claims covering 18,364 hectares, with three mapped pegmatites. Thirteen lake sediment samples have been collected containing over 28.5 parts per million lithium (97th percentile), three samples over 37.3 parts per million lithium (99th percentile), two samples over 40.1 parts per million lithium (99.31th percentile) and one sample over 47.8 parts per million lithium (99.78th percentile). The ground also contains multiple cesium levels in the three-part-per-million (97th percentile) to 6.35-part-per-million (99.89th percentile) range and multiple rubidium levels over 46 parts per million (97th percentile).

Note: A percentile is a number where a certain percentage of values fall below the sample result. Thus, if 50 parts per million lithium falls within the 99th percentile, 99 per cent of all the samples taken in the study are below 50 parts per million lithium.

Crackle comprises 376 claims covering 17,432 hectares, with four mapped pegmatites. Twelve lake sediment samples have been collected reporting over 28.5 parts per million lithium (97 per cent), with five samples over 37.3 parts per million lithium (99 per cent) and three samples over 45.5 parts per million lithium (99.69 per cent). Crackle also contains multiple elevated cesium levels in the three-part-per-million (97 per cent) to 4.8-part-per-million (99.64 per cent) range and multiple rubidium levels in the 46-part-per-million (97 per cent) to 92.7-part-per-million (99.76 per cent) range.

Pop contains 241 claims covering 11,113 hectares, with two known pegmatites. Eight lake sediments samples have been collected in the claim group reporting over 28.5 parts per million lithium (97 per cent), four samples over 37.3 parts per million lithium (99 per cent), two samples over 46.8 parts per million lithium (99.74 per cent). The highest lake sediment sample on the property returned 50.6 parts per million lithium (99.84 per cent). Pop also contains multiple cesium levels in the three-part-per-million (97 per cent) to 5.31-part-per-million (99.79 per cent) range and multiple rubidium levels in the 46-part-per-million (97 per cent) to 80.3-part-per-million (99.53 per cent) range.

Geology across all claim blocks consists of a mix of leucotonalites, granodiorites, granites, paragneiss, amphibolites, gabbros and basalts. The magnetic data highlight northwest-trending and west-northwest-trending structures that make excellent pathways for fractionating fertile parental melts.

Terms

As consideration for the Potier claims, the company has agreed to: (i) pay Wildwood $350,000 in cash; and (ii) issue Ryan and Fage an aggregate of five million common shares in the capital of the company. The consideration shares will be subject to escrow conditions, pursuant to which: (i) one-third of the consideration shares will be released from escrow four months and one day after the date on which the company acquires the Potier claims; (ii) one-third of the consideration shares will be released eight months after the closing date; and (iii) one-third of the consideration shares will be released 12 months after the closing date. Additionally, Subco will grant Ryan a 1-per-cent net smelter return royalty on the Potier claims.

The transaction is at arm's-length and expected to be an expedited acquisition pursuant to TSX Venture Exchange Policy 5.3, Acquisitions and Dispositions of Non-Cash Assets.

Chief executive officer appointment

The company has appointed Alexander Klenman as its new chief executive officer. Mr. Klenman brings over two decades of leadership experience in both the public and private sectors to the company, and currently holds senior management and board positions with multiple public companies, including Leocor Gold Corp., Azincourt Energy Corp., Arbor Metals Corp., Tisdale Clean Energy Corp. and others.

Planet Ventures incorporated Planet Ventures Exploration Inc. as it has invested in equity positions in the resource sector and with the acquisition of Snap, Crackle and Pop wants to emphasize the approach it is taking to the resource space. The appointment of Mr. Klenman as chief executive officer strengthens the company's management team by adding significant and relevant experience as it begins the exploration and development stage of the new projects.

Qualified person

The technical content of this news release has been reviewed and approved by Mike Kilbourne, PGeo, (OGQ No. 1971) who is an independent qualified person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The qualified person and the company has not completed sufficient work to verify the historic information on the properties comprising the Snap, Crackle, and Pop projects, particularly regarding historical exploration and government-sponsored programs and sampling methodology.

About Planet Ventures Inc.

Planet is an investment issuer listed on the TSX-V, that is focused on investing in disruptive companies and industries that have high-growth potential. Planet's unique portfolio-driven investment policies provide its investors with access to emerging and high-growth opportunities while shielding them from any formidable downside.

We seek Safe Harbor.