Planet Green Metals Inc. CSE: PGR announced an amendment to the Memorandum Of Understanding signed with Kraken Gold Corporation and 2628860 Ontario Ltd. The Company is actively in discussions with Kraken to create a mutually beneficial Option to Purchase Agreement in which the Company will acquire a large package of important new claims from Kraken that will add up to 400% to the size of its Sheraton Property, east of Timmins, Ontario. Discussions have been very positive, and it is anticipate by all parties that a deal can be inked following a mutual due diligence process in December. The new contiguous Kraken claims would increase the Sheraton Property area by up to 400% by adding up to 483 claims, spanning 12,084 hectares, including 77 claims that are Status Pending with the Ontario government.

This would massively increase the land position over very prospective ground for Volcaniclastic Massive Sulphides within the rhyolite/sedimentary intrusive package immediately to the north, northwest and northeast. This would completely surround the claims hosting the historical Cross Lake Minerals volcanogenic massive sulphide zone that was discovered in 1997. This develops the Sheraton Property into a "District-Scale Exploration Project", in that the Company would be exploring most of the prospective Rhyolite Package that is a very prospective setting for a VMS base metals mine.

Under the amended terms of the MOU, the Company will have until January 31st, 2025, to complete negotiations and sign the Option Agreement. This timing will allow the Company to close their current financing and complete a due diligence examination of the inbound Option claims. The new combined land package would host 3 VMS mineralized showings that are critical to the understanding of this very prospective VMS host environment plus 3 mineralized showings within 1km of the new combined property, some of which have excellent drilling intercepts for base metals These include the Sheraton Lake Zone (copper, zinc), the Seaway Occurrence (zinc, lead, copper) and the Bond-Currie Showing (gold, copper) and drill intercepts on the recently acquired New Break claims (copper, zinc). There are also mineral showings within 1 km of the new combined land package, including the Cross Lake Discovery (zinc, copper, silver), Grindstone Creek Showing (gold, silver, zinc, lead) and the Tillex Copper Deposit (copper, zinc) that is currently being drilled by Metals Creek Resources.