PLANET EXPLORATION INC.

Planet Exploration announced results from ongoing drilling on the Sidace Lake property, under its joint venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc. The Sidace Lake property is located approximately 30 kilometres northeast of the town of Red Lake, Ontario, Canada. Results of the first 3 of these holes, reported in a press release dated August 25th 2009, demonstrated an extension of the strike of the MDZ to more than 500 m. These included gold intersections of 1.32 g/t over 27.0 m, which includes 5.59 g/t over 1.0 m at 321 m in RL09-196, and 1.85 g/t over 5.0 m including 6.15 g/t over 1.0 m at 3355 m in RL09-198.