Vancouver, British Columbia – Planet Green Metals Inc. (CSE: PGR) (“Planet Green” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement. The Company raised gross proceeds of $172,040 with the issuance of 3,440,800 Units with all securities having a four-month hold period. Each Unit consists of one Common Share (the “Shares“) and one half of a Common Share Purchase Warrant (the “Warrant”) for a total of 1,720,400 warrants. Each Warrant is exercisable at a price of $0.10 for a period of two years from the date of closing. The Company paid $2,100 in Finders’ fees on this offering pursuant to the policies of the Canadian Securities Exchange.

The net proceeds of the Offering will be used to advance exploration activities on the company’s flagship Sheraton Property as well as for general working capital.

Jeremy S. Brett, President and Chief Executive Officer, stated, “This strategic capital raise is crucial for our current operations. The funds will be instrumental in compiling the extensive exploration data set obtained from our agreement with Kraken Gold and in the immediate development of drill targets within the context of our ore deposit models. Our Technical Director, Dr. Sandy Archibald, will now commence the development of his understanding of our large-scale District-Scale VMS Project situated near Timmins. Additionally, we will plan our initial geophysical programs to enhance target areas. These initiatives will enable us to progress our Canadian project effectively. We have a dedicated and loyal shareholder base, and our share structure provides a strong foundation for our future endeavours.”

Notice Regarding Forward-Looking Statements

This news release may contain certain “forward looking statements”. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. This news release does not imply that The Prospectors and Developers Association of Canada has in any way approved the companies that are named in this release.