1.
Preheat oven to 300 degrees F. Combine first five ingredients in a large bowl. Set aside.
2.
Combine remaining ingredients in a small bowl; mix well. Pour mixture over pretzel mixture; toss to coat. Place on ungreased 15x10-inch shallow baking pan.
3.
Bake 25 minutes or until peanuts are golden brown, stirring halfway through cook time. Cool completely. Mixture becomes crisp as it cools.