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Planet Exploration is pleased to announce to our shareholders that our exploration has produced some very promising results from our work in Sidace Lake, located in the Red Lake area of Ontario in Canada. The Main Discovery Zone (MDZ) is showing the potential for a standalone mineable reserve. We will be concentrating on further delineation of the MDZ during May 2007. We are currently drilling the Upper Duck Zone (UDZ) which is approximately a kilometer south west of the MDZ. Earlier drilling in this zone has also produced exciting results. Please visit our Red Lake Gold Discovery page for in-depth details.

About Planet Exploration

Planet Exploration is an emerging international minerals exploration company based in Calgary, Canada. We have strategic properties and active exploration in some of the world's most prolific gold regions, with the Red Lake area being the current focus of our attentions.

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About Goldcorp Inc.

Planet Exploration is currently involved in a joint venture with Goldcorp Inc., one of the most progressive gold mining companies in the world. The Planet Exploration/Goldcorp Inc. joint venture owns 100% of the Sidace Lake property. Goldcorp has a 60% share of ownership of the property, and as such they fund 60% of the drilling. Goldcorp also owns 15% of the outstanding shares of Planet.