White Chocolate Party Mix

1 (10 ounce) package mini pretzels
5 cups Cheerios
5 cups Corn Chex
2 cups salted peanuts
1 pound M&M's
2 (12 ounce) packages white chocolate chips
3 tablespoons vegetable oil

In a large bowl, combine first 5 ingredients; set aside.

In micro-safe bowl, heat white chocolate chips and oil for 2 minutes, stirring once. Microwave on HIGH for 10 seconds; stir until smooth. Be careful not to heat too long as it will ruin the chocolate. Stir well. Pour over cereal mixture and mix well. Spread onto wax paper. Cool; break apart. Store in airtight container.