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VATIC ANOUNCES TERMINATION OF CHANGE OF BUSINESS


Vancouver, B.C., January 29, 2020 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSXV: VCV; OTCBB: VTTCF; FWB: V8V
--->3) announces the termination of its change of business as per its November 6, 2019 and March 19, 2019 news releases. F
--->rom February 21, 2019, when trading in the shares of the Company was halted at the request of the Company, to the date
---> hereof, the Company had been carrying out due diligence in order to secure a valid and viable opportunity in the cann
--->abis industry. As a result of due diligence, it has decided to no longer pursue the opportunities announced previously
--->.

The Company's Board of Directors has decided to terminate the October 31, 2019 letter of intent for a share exchange t
--->o acquire Indian Ocean Organics Ltd. due to certain conditions precedent not being met, as per the letter of intent di
--->sclosed in the November 6, 2019 news release. Vatic is not satisfied with its due diligence including but not limited 
--->to its review of the financing environment of the cannabis sector and the political and the regulatory environment in 
--->certain jurisdictions as it relates to the cannabis industry. The Company believes that due to the softening of the ca
--->nnabis financing market and a recovering minerals resources financing market a strategic shift to the mineral resource
--->s industry will be essential in delivering long-term sustainable shareholder value.

Under certain financial agreements with Vatic, Indian Ocean has agreed to assume responsibility for the advance by the
---> Company of certain funds including a $205,000.00 (US$150,000.00) deposit of which $64,481.00 has been repaid by India
--->n Ocean leaving an outstanding balance of $140,519.00, as well as a due diligence costs outstanding balance of $175,27
--->7.53.

The Company is actively reviewing and evaluating exploration and development opportunities in the mineral resources in
--->dustry.

ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.

"T. Barry Coughlan"

T. Barry Coughlan, CEO & Director

For further information please contact:
T. Barry Coughlan, CEO and Director 
bcoughlan@vaticventures.com

"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 act
--->ual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned agains
--->t attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date 
--->hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
---> Actual events or results could differ materially from the Company's expectations or projections. Created with an eval
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VATIC VENTURES CORP.
1500-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1
CANADA
PHONE: (778) 373-6972
FAX: (604) 689-1288
EMAIL: info@vaticventures.com