Mr. Etienne Moshevich reports

PLANET VENTURES INCREASES CONVERTIBLE DEBENTURE FINANCING TO $6,000,000 LED BY CEO AND STRATEGIC INVESTOR

Planet Ventures Inc. has increased its previously announced convertible debenture financing from up to $5-million to up to $6-million.

It is expected that Planet's chief executive officer, Etienne Moshevich, as well as a strategic investor, will be subscribing for the entire financing.

"I'm fully committed to putting my own capital behind my convictions," said Etienne Moshevich, chief executive officer of Planet Ventures. "I believe deeply in our company and see Planet as uniquely positioned to lead and capitalize on the rapidly expanding bitcoin treasury landscape."

The debentures will carry an interest rate of 12 per cent per annum, for a term of 24 months. At any time during the term, the principal amount of the debentures is convertible into common shares of the company at a conversion price of 50 cents per share.

The loan will be secured against the assets of the company, and is subject to customary closing conditions and regulatory approvals, including approval of the Canadian Securities Exchange. The financing is expected to close on or before Aug. 15.

As of today's announcement, Planet Ventures holds 28.8 bitcoin on its balance sheet.

It is expected that certain insiders of the company may participate in the offering. The participation by insiders in the offering will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the offering, insofar as it involves related parties, will exceed 25 per cent of the company's market capitalization. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

About Planet Ventures Inc.

Planet Ventures is an investment issuer that focuses on acquiring bitcoin.

We seek Safe Harbor.