Mr. Etienne Moshevich of Transcend reports

EARLY WARNING REPORT FILED PURSUANT TO NATIONAL INSTRUMENT 62-103

This press release is related to the securities of Planet Ventures Inc. On Feb. 21, 2024, Transcend Capital Inc. acquired 39 million common shares in the capital of the company at a price of two cents per share for an aggregate purchase price of $780,000. Transcend is a corporation incorporated pursuant to the laws of British Columbia. Transcend is an investment firm specializing in venture capital investments and advisory services.

Transcend acquired the shares pursuant to a non-brokered private placement of shares. In connection with the completion of the offering, Planet Ventures issued 100 million shares at a price of two cents per share for aggregate gross proceeds of $2-million.

Prior to the acquisition, Transcend held no shares. Following the acquisition, Transcend holds an aggregate of 39 million shares, representing 18.52 per cent of the issued and outstanding shares on an undiluted basis (based on an aggregate of 210,625,672 shares issued and outstanding).

Transcend acquired the shares for investment purposes. In pursuing such purposes, Transcend reserves the right to formulate other plans or make other proposals and take such actions deemed necessary with respect to its investment in the company. Depending on the market conditions and other factors, Transcend may, from time to time, increase or decrease its beneficial ownership of the securities of the company as deemed appropriate.

This news release is being issued in connection with the filing of an early warning report pursuant to the requirements of National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) and National Instrument 62-104 (Take-Over Bids and Issuer Bids). A copy of the early warning report will be filed under the company's profile on SEDAR+ and may also be obtained by contacting Etienne Moshevich at 604-681-0084.