PROGRESSIVE PLANET SOLUTIONS INC (PLAN)

[Sam Dan]

First Quarter financials out today
Of some interest is
Subsequent to January 31, 2016, the Company: i) acquired the Area 51 Lithium Brine prospect, located in Nye County, Nevada, from an arm’s length vendor. Terms of the deal call for the issuance of two hundred thousand shares of the Company and a cash payment of $US 20,000 payable on the first anniversary of the Acquisition. In addition the Company will grant the vendor a 0.5% NSR on mineral production from the Property, 0.25% of which can be purchased back for $500,000 USD at any time prior to the commencement of commercial production. ii) entered into an agreement to issue shares to settle outstanding debt of $87,680 with an arm’s length creditor by issuing 1,753,600 common shares. ii) acquired additional claims in the Clayton Valley, Nevada. The Company issued 3,500,000 million shares for the additional claims.