Place the first 3 ingredients in a pot over low heat and stir until throughly combined and warmed through, about 2 minutes.
Place the cereal and oats in a large bowl and stir to combine.
Pour the warm peanut butter mixture over the cereal and stir to coat the dry ingredients thoroughly.
Place the mixture into a parchment lined 9x9 inch baking pan gently pressing down into bars.
Freeze the mixture for at least 30 minutes.
Remove the bars from the pan, remove to a cutting board and using a serrated knife cut into bars.
* oats can be toasted in a 350 degree oven for 10-15 minutes if desired for a more “toasty” flavor.