Pour the cereal in a large bowl, set aside.
In a medium saucepan over low heat, melt the butter, cream, and white chocolate or almond bark. Stir constantly until the white chocolate is fully melted. The mixture will be very thick and buttery.
Remove from heat. Stir in almond extract and butter extract.
Pour warm white chocolate mixture over cereal. Stir it all together gently, making sure not to break the cereal. Cool for 3-4 minutes.
Gently fold in the sprinkles.
In a large bag or covered container, add the powdered sugar. Pour the white chocolate covered cereal into the large bag or container. Seal the bag or container and shake until all the cereal is coated with the powdered mixture.
Discard excess powder and enjoy.
Store at room temperature.