Mr. Etienne Moshevich reports

PLANET VENTURES ANNOUNCES CLOSING OF $5,000,000 LIFE OFFERING OF COMMON SHARES

Planet Ventures Inc. has closed its previously announced non-brokered private placement under the listed issuer financing exemption (as defined herein) of an aggregate of 100 million common shares in the capital of the company at a price of five cents per share for gross proceeds of $5-million.

The offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions to the Listed Issuer Financing Exemption, to purchasers resident in each of the provinces of Canada, except Quebec. The shares issued pursuant to the LIFE are not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the offering available under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The company intends to use the net proceeds from the offering for future investments and general working capital.

About Planet Ventures Inc.

Planet Ventures is an investment issuer that actively invests in disruptive companies across high-growth industries. Planet aims to build long-term shareholder value through strategic investments in innovative businesses.

We seek Safe Harbor.