01 -
Place Rice Chex cereal into a large mixing bowl and set aside.
02 -
Combine milk chocolate chips, creamy peanut butter, and unsalted butter in a small saucepan. Melt gently over low heat, stirring constantly until smooth and fully combined, then stir in vanilla extract.
03 -
Pour the chocolate mixture over the cereal. Gently fold until all cereal pieces are evenly coated.
04 -
Transfer the coated cereal to a gallon-sized resealable bag. Add powdered sugar, seal, and shake vigorously until evenly coated.
05 -
Mix in mini Cadbury eggs, whole or lightly crushed, then serve or store in an airtight container.