Planet Exploration Inc.
TSX VENTURE : PXI

Planet Exploration Inc.

November 11, 2010 16:47 ET

Planet Appoints New President

CALGARY, ALBERTA--(Marketwire - Nov. 11, 2010) - Planet Exploration Inc. ("Planet" or the "Corporation") (TSX VENTURE:PXI) is pleased to announce the appointment of Mr. Chris Taylor as its new President. Mr. Taylor was also appointed to the Corporation's board of directors.

Mr. Taylor, an economic geologist and explorationist, has extensive experience with porphyry copper gold, epithermal gold, VMS, and rare earth element exploration projects. Mr. Taylor has been professionally active with both mid tier producer and junior mining companies. Mr. Taylor is a Professional Geologist registered in the Province of British Columbia and holds a Bachelor of Science (Honours) degree in Earth Science and a Master of Science degree in Structural Geology from Carleton University.

Planet looks forward to Mr. Taylor's contribution to its ongoing exploration initiatives and its renewed focus on potential mineral property acquisitions.

Mr. Taylor assumes the role of President following the resignation of Mr. Ranjeet Sundher as President and a director of Planet. Mr. Sundher is the founder of Planet and was instrumental in its capitalization and its original gold discovery at Sidace Lake. Planet wishes to thank Mr. Sundher for his significant contributions.

The Corporation has granted an aggregate of 1,550,000 stock options to certain directors and consultants of the Corporation in accordance with the company's shareholder-approved stock option plan. The stock options are exercisable at a price of $0.34 per share, expire in five years and vest immediately.

Planet is a minerals exploration company based in Calgary, Canada.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

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