Mr. Nasim Tyab reports

VATIC UNDERTAKES ADDITIONAL SEISMIC DATA ANALYSIS AS IT COMMENCES ITS INITIAL DRILLING PROGRAM

Vatic Ventures Corp. has contracted for additional processing of data from its initial seismic survey program to assist in the planning and execution of its upcoming drilling program at its Saksrithai potash project located in the Khorat basin, Thailand.

Vatic is focused on its upcoming drilling program at the Saksrithai potash project which will be undertaken by Aztec Engineering Co. Ltd., an experienced and reputable drilling contractor who has extensive experience drilling for potash in Thailand and Laos. Drill preparation and mobilization to the first drill site has commenced, and drilling is planned to commence by May 1, 2018.

The planned drilling program comprises up to 10 holes and will commence with an initial three-hole program, which should take approximately one month from the start of drilling (depending upon penetration rates). Based on information regarding the adjacent Dan Khun Thot project, Vatic expects to encounter the potash zone at depths of up to some 300 metres and the initial holes will drilled to a planned depth of 350 metres.

The Khorat basin

Located in northeast Thailand and extending partly into Laos, the Khorat basin is a large evaporite basin which covers an area of about 130,000 square kilometres. Potash was discovered in the basin in the mid-1970s, and Hite and Japakasetr (1979) stated, "The Khorat plateau of northeastern Thailand and central Laos has outlined what may develop into one of the world's largest potash deposits." Within the basin, the potash deposits are generally gently dipping and at shallow depth (150 metres to 350 metres) with both sylvite and carnallite minerals present in the mixed stratabound salt horizons of the Upper Cretaceous Maha Sarakham formation.

Since the initial discovery of potash in the Khorat basin, a limited number of companies have been granted potash exploration rights. At present, there are three projects at an advanced stage of development. These include APMC's Bamnet Narong project in Chaiyaphum, Thai Kali's Dan Khun Thot project in Nakhon Ratchasima (both of which are under construction), and Italian Thai's South Udon project in Udon Thani. The Udon project was originally developed by Asia Pacific Resources Ltd., a Canadian company credited with Thailand's first commercial sylvanite discovery.

Four other companies, including Vatic's Thai subsidiary, Saksrithai Development Co. Ltd., have been granted exploration licences and the Saksrithai project is the only current project not controlled by Thai or Chinese companies. Projects in the Khorat basin benefit from several competitive advantages over projects of similar grade and scale elsewhere, including excellent infrastructure (electricity, water, road and rail), the shallow depth to the deposits and proximity to key markets which provide significant transportation cost savings.

The Thai government is supportive of the development of the country's potash resources and has set up a steering committee to develop the industry. The committee has representatives from government and companies involved in Thai potash industry (including Saksrithai). In addition, the Thai Board of Investment provides a range of investment promotion incentives to companies in the industry.

Qualified person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101, and has been reviewed and approved by Pieter Bakker, FAusIMM, a qualified person.

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