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File: NRFEB20 re Potash Project.docx



VATIC COMMENCES POTASH EXPLORATION PROJECT IN THAILAND.

Vancouver, February 21, 2017. Further to its News Release dated June 7th, 2016, Vatic Ventures Corp. (the "Company") (
--->NEX: VCV.H) is pleased to announce the commencement of the Company's Saksrithai potash exploration project, in Nakon R
--->atchasima province, Thailand. 

The first phase of the project will include an initial seismic survey of the project area and an initial drilling prog
--->ramme. Other activities will include a community relations programme, regional geological review and survey, satellite
---> data interpretation, area mapping, a baseline environmental survey and preliminary transportation and marketing studi
--->es. 

The Company has engaged Mr. Jitisak Premanee, an experienced Thai geologist with expertise in potash exploration in Th
--->ailand and Laos, as its Senior Geological Consultant. Mr. Premanee will supervise all field programmes, as well as bei
--->ng responsible for the community information programmes.

Community information programme: The community information and consultation programme, to discuss the project implicat
--->ions with the local communities, is already underway. The Company feels that it is essential for local communities be 
--->fully appraised regarding the proposed exploration activities and invited to provide their input and support for the p
--->roject. The programme will continue throughout the overall exploration period. 

Initial seismic survey: The initial field programme, a 2-D seismic survey, will commence in early-March. The programme
---> will consist of up to 50 line-kilometres of seismic survey and the contractor will be Geocon Co. Ltd, a very experien
--->ced seismic contractor with lengthy experience in potash exploration and particular knowledge of the potash deposits w
--->ithin the Khorat evaporite basin. Geocon has provided services to a number of potash projects in Thailand and Laos, in
--->cluding Asia Pacific Resources' successful project at Udon Thani, Thailand.

The seismic survey will demonstrate the continuity of the underlying geological structure, as well as estimates of the
---> probable depth to, and thickness of, the potash-bearing layer.

Initial drilling programme: It is anticipated that the initial seismic programme can be completed within a month and b
--->ased on the results; the Company will finalise the scope of the initial drilling programme. It is planned to complete 
--->some 3,000 metres of drilling, comprising ten drill holes averaging about 300 metres deep. The drilling contractor wil
--->l be Aztec Drilling Co. Ltd. (Aztec), one of the most experienced drilling contractors in the region. Aztec has been i
--->nvolved in a number of potash projects including the Asia Pacific Resources' project, where it drilled some 150 drill 
--->holes.

Saksrithai Potash Exploration Project:  As mentioned in the Company's News Release of Jan. 19, 2017, the Company has a
--->cquired an 80% interest in Saksrithai Development Co. Ltd. (Saksrithai), a private Thai company which is the holder of
---> two contiguous Special Prospecting Licences (SPLs) for potash exploration. 

The project area is located in the western part of the Khorat Plateau which is underlain by a large potash bearing eva
--->porate basin of Cretaceous age.  

The licences encompass an area of 32 km2 in Nakon Ratchasima Province and are adjacent to Thai Kali Company's Dan Khun
---> Thod potash project.

Vatic's CEO, Dr. Gerry Wright, commented "We are pleased to have commenced the first phase of the exploration activiti
--->es at the Saksrithai project and look forward to starting the field programmes in March. The seismic survey will provi
--->de the sub-surface structural information to enable the Company to finalise the scope of its initial drilling programm
--->e. The completion of these field programmes should enable the Company to develop and preliminary resource estimate for
---> the project".

Qualified Person

The technical content of this release has been reviewed and approved by Dr. Gerry Wright, PEng., the Company's  CEO an
--->d President.  

ON BEHALF OF THE BOARD OF DIRECTORS
Dr. Gerry Wright,
CEO and Director.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
---> TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained
---> herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking
---> statements relate to information that is based on assumptions of management, forecasts of future results, and estimat
--->es of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections
--->, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-lo
--->oking statements."  Forward-looking statements are subject to a variety of risks and uncertainties that could cause ac
--->tual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned again
--->st attributing undue certainty to forward-looking statements.  These forward-looking statements are made as of the dat
--->e hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstance
--->s.  Actual events or results could differ materially from the Company's expectations or projections.