Mr. Loren Currie reports

VATIC VENTURES OPTIONS 100% INTEREST IN A BRAZIL HARDROCK LITHIUM PEGMATITE PROPERTY, WITH RECENT SAMPLES OF 5.03% LI2O

Vatic Ventures Corp. has entered into a share purchase agreement with arm's-length vendors (the optionors) to acquire, subject to TSX Venture Exchange approval, a 100-per-cent interest in a private company which holds an option to acquire a highly prospective hard rock lithium property. The property hosts multiple extensive lithium bearing pegmatite dikes that recently returned initial grab samples of 5.03 per cent Li2O, 3.72 per cent Li2O and 3.41 per cent Li2O.

The Solonopole South lithium property consists of four claim blocks covering 4,813.57 hectares. The property is located in the coastal state of Ceara in northeast Brazil, 40 kilometres from the city of Solonopole in a known pegmatite mining district. Vatic's Solonopole South property is also located approximately 30 km Southeast of Oceana Lithium Ltd.'s property. Oceana Lithium's recent sampling returned up to 9.89 per cent Li2O as well as over 1 per cent Ta (tantalum), 1 per cent Nb (niobium), over 1,000 ppm (parts per million) Sn (tin) and over 2.5 per cent Be (beryllium).

The initial 2023 exploration program completed by the former property owner revealed multiple long and wide pegmatite dikes that measure up to 30 metres in width and up to 300 metres in length that are largely unexplored.

Vatic is planning an upcoming work program that will include GPS sample site controls for overburden stripping, mapping, channel sampling and trenching.

Vatic is in the process of engaging sampling crews and is working with local Brazil-based geological consultants to help plan a follow-up drilling program to evaluate the priority targets.

About the Solonopole South lithium property

• The Solonopole South property covers historic artisanal mining sites previously mined for lithium, coltan (tantalum and niobium) and tin.
• Initial sampling of the Solonopole South pegmatites returned spodumene-bearing pegmatite samples that graded up to 5.03 per cent Li2O.
• Planned sampling will assay for rare-earth elements, critical battery metals as well as lithium.
• Ideal project location -- Historical lithium mining region in Brazil.
• Approximately four-hour drive on paved roads to port (Fortaleza).
• The topography, land use and vegetation at Solonopole is well suited for exploration activities.
• Arid, sparsely populated farmland, no rain forest.
• Northern Brazil provides easy shipping routes to North American and European battery chemical markets.

Terms of the agreement

The company will, subject to TSX Venture Exchange approval, acquire all of the outstanding common shares of 1432714 B.C. Ltd. (the 1432714 shares) by issuing six million common shares of the company to the shareholders of 1432714 B.C. at a deemed price of eight cents per Vatic share.

The Vatic shares will be subject to a hold period expiring four months and one day from the date of issuance and may also be subject to the provisions of an escrow agreement pursuant to the policies of the TSX-V.

1432714 B.C. acquired, pursuant to a letter of intent dated Aug. 21, 2023 (the LOI), the right to acquire the Solonopole South property from the owner (the underlying owner) by completing the following:

1. Paying to the underlying owner $40,000 (U.S.) (the initial payment) by Feb. 24, 2024;
2. Paying to the underlying owner $137,500 (U.S.) and causing to be issued to the underlying owner $137,500 (U.S.) worth of shares of a publicly traded company within 12 months of the initial payment date;
3. Paying to the underlying owner $300,000 (U.S.) and causing to be issued to the underlying owner $300,000 (U.S.) worth of shares of a publicly traded company within 24 months of the initial payment date;
4. Paying to the underlying owner $562,500 (U.S.) and causing to be issued to the underlying owner $562,500 (U.S.) worth of shares of a publicly traded company within 36 months of the initial payment date.

1432714 B.C. will, upon issuance of the Vatic shares, become a wholly owned subsidiary of Vatic. The company anticipates this to be filed with the TSX-V on an expedited transaction basis. No finders' fees will be payable in connection with this arm's-length transaction.

Qualified person

The technical content in this release has been reviewed and approved by Mitchell E. Lavery, PGeo, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The company's QP has not verified the technical and scientific information from neighbouring projects and has relied on the information provided on the individual corporations' websites.

About Vatic Ventures Corp.

In addition to this recent acquisition of the Solonopole South lithium property, the company has a 100-per-cent interest in the Hansen gold property in the Chapais area of Northern Quebec, which is strategically located 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 also has an option to acquire a 100-per-cent interest in a rare-earth elements (REE) and polymetallic property known as the Sisters Mountain critical metals project located in southwestern New Brunswick.

We seek Safe Harbor.