White Chocolate Chex Mix

10 ounces mini pretzels
5 cups corn Chex
5 cups Cheerios
1 pound M&Ms
2 cups salted peanuts
2 12-ounce bags of vanilla chips
3 tablespoons vegetable oil

In large bowl combine first 5 ingredients. In a microwave safe bowl heat chips and oil. Melt chips and stir until smooth. Pour over other ingredients and mix well. Spread onto wax paper lined baking sheets. Cool, break apart, and store in airtight container. Enjoy!