Mr. Etienne Moshevich reports

PLANET VENTURES CLOSES OVERSUBSCRIBED $6,400,000 CONVERTIBLE DEBENTURE FINANCING

Planet Ventures Inc. has closed its previously announced convertible debenture financing for total gross proceeds of $6.4-million.

No commissions were paid in connection with the offering. The gross proceeds raised under the offering shall be used to further enhance the company's bitcoin treasury strategy and for general corporate and working capital purposes.

The debentures carry an interest rate of 12 per cent per annum and mature 24 months from the date of issuance. At any time during the term of the debentures, the principal amount of the debentures is convertible into common shares of the company at a conversion price of 50 cents per share, at the election of the holders of the debentures. The holders of the debentures have the right to redeem the principal amount of the debentures and any interest accrued thereon any time after 12 months from the date of issuance until the maturity date.

The debentures will be secured against the assets of the company in favour of the holders of the debentures.

As of today's announcement, Planet Ventures holds 28.8 bitcoin on its balance sheet and an additional approximately $18-million in cash/securities.

A company controlled by the company's chief executive officer participated in the offering for proceeds of $3.2-million. The participation by the insider in the offering constituted a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). 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 involved the insider, exceeded 25 per cent of the company's market capitalization. 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 focused on investing on disruptive technologies, mining and acquiring bitcoin.

We seek Safe Harbor.