The board of directors of Planktos Corp. (the �Company�) (Pink Sheets: PLKT) wishes to make the following announcements: Enrique J. L�pez de Mesa of Toronto, Ontario, has been appointed as a director and as the CEO of the Company. Michael Gobuty of Rancho Mirage, California, has also been appointed as a director of the Company. The Company is negotiating to acquire 100% of the shares of a private company called Churchill Mining Corp. (CMC). The sole asset of CMC is the right to acquire and re-develop two major copper properties in N.E. British Columbia. The two properties were formerly owned by Churchill Copper Corp and Davis-Keays Mining Corp. The three directors of CMC are: Dr. Michael Hitch of Vancouver, British Columbia, Paul Sarjeant of Toronto, Ontario, and Michael Ross of Vancouver, British Columbia. The Company intends to change its name to Lobo Resources, Inc. and to consolidate existing common shares on a 20:1 basis. A private placement to raise up to one million dollars ($1,000,000) for working capital is anticipated post share consolidation. Planktos is a public company; its common shares trade on the Pink Sheets under the ticker symbol �PLKT.� Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A(b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the development of a suitable business plan, and the ability to secure additional sources of financing. The actual results that the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. The Company encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. The Company�s public filings may be viewed at www.sec.gov.
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