In large bowl, combine cereal, pretzels, chocolate chips, cranberries and peanuts.
Place almond bark in a microwave- safe bowl; microwave (HIGH) in 30 second intervals, stirring in between, until melted (about 1½-2 minutes).
Slowly pour melted almond bark over cereal mixture; toss until well coated. Transfer mixture onto wax paper and spread out in a thin layer; let cool.
Once hardened, break into smaller pieces and store in an airtight container.
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