Mr. Bassam Moubarak reports

PLANET X CAPITAL REPORTS 2023 SHAREHOLDER MEETING RESULTS

Planet X Capital Corp. has released the results of its annual general and special meeting of shareholders held on Sept. 20, 2023, in Vancouver, B.C., Canada. At the meeting, shareholders approved all of the resolutions detailed in the related management information circular, namely:

• Setting the number of directors to be elected at the meeting at three;
• Electing all nominee directors to the board of directors of the company for the ensuing year;
• Appointing Crowe Mackay LLP, chartered professional accountants, as auditor of the company to hold office until the next annual meeting of shareholders or until a successor is appointed, and authorizing the directors of the company to fix the remuneration of the auditor;
• Approving the stock option plan of the company.

Votes representing 2,501,000 shares or 61 per cent of the issued and outstanding shares of the company as at the record date were cast. The attached table details the results.

About Planet X Capital Corp.

The company is a capital pool company (CPC) within the meaning of the policies of the TSX Venture Exchange that has not commenced commercial operations and has no assets other than cash. The current directors and officers of the company are Bassam Moubarak (chief executive officer, chief financial officer, corporate secretary and director), Paul Matysek (director) and Dino Minicucci (director).

Except as specifically contemplated in the CPC policies of the TSX-V, until the completion of its qualifying transaction (as defined therein), the company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.