Mr. Loren Currie reports

I.P GEOPHYSICAL SURVEY SET TO COMMENCE FOLLOWED BY DRILLING AS VATIC RESUMES EXPLORATION ON ITS HANSEN GOLD PROJECT AT CHIBOUGAMAU, QUEBEC

Vatic Ventures Corp. has resumed exploration on its Hansen gold project located 35 kilometres southwest of the town of Chibougamau in the province of Quebec. An I.P geophysical survey is planned and designed to follow up on the positive results of the previous mag and VLF/EM surveys previously completed by the company on the main target area of Hansen gold prospect.

The Hansen prospect is a vein-type deposit, marked by mineralized zone measuring 250 metres in length and up to 15 metres in width. It is known to exist from the surface down to 175 metres vertical depth and is oriented N150 degree with a steep dip toward the southwest. Mineralization is composed of visible gold in smoky quartz veins associated with northwest-southeast-trending shear zones.

The previous mag and VLF/EM data over the main target area of Hansen prospect were collected over the northwest and the southeasts grids. The lines were spaced 25 metres apart. There are several discrete magnetic anomalies scattered within the surveyed grids. The amplitudes of the detected anomalies range from 20 to 320 nT above the local magnetic background. Interpretation of the VLF-EM data in the NW grid allowed the identification of four moderate to highly conductive electromagnetic axis with lengths of 140 to 375 metres.

The geophysical crew will mobilize to the property this summer to conduct the I.P survey over the NW grid which is the main target area of the Hansen prospect. An area within the grid that was previously drilled returned 12.8 grams per tonne Au over 1.05 metres, 7.94 g/t Au over 1.05 metres and 75.29 g/t Au across 0.3 metre. The survey will help in locating the best drill hole locations for the next phase of drilling. The I.P survey is designed to cover an area of 500 metres long by 250 metres wide to define priority Hansen gold exploration targets.

The SE grid IP results will be analyzed and prioritized to coincide with the drill program planned on the NW grid.

Stated Loren Currie, chief executive officer: "We are excited to be strategically situated in a very active exploration area with over 6.7 million ounces of gold produced in the greater Chibougamau district. Furthermore, the results from the previous surface sampling and diamond drilling done on the Hansen prospect have shown exceptional gold values. The company is looking forward to its 2023 exploration program of the Hansen property."

Qualified person statement

The scientific and technical information disclosed in this news release has been prepared and approved by Mitchell E. Lavery, PGeo, and a qualified person as defined in NI 43-101.

About Vatic Ventures Corp.

The company has an option to earn a 100-per-cent interest in the Hansen gold property in the Chapais area of Northern Quebec, strategically situated in a very active and emerging gold exploration area with over 6.7 million ounces of gold produced in the greater Chibougamau district. The company has an option to acquire a 100-per-cent interest in a rare earth element and polymetallic claim package known as the Sisters Mountain critical metal project located in southwestern New Brunswick.

We seek Safe Harbor.