Mr. Loren Currie reports

VATIC ANNOUNCES STRATEGIC AMENDMENT AND ADDITIONAL DETAILS TO OPTION AGREEMENT FOR BRAZIL HARDROCK LITHIUM PEGMATITE PROPERTY

Vatic Ventures Corp. has made strategic amendments and provided additional details to its Dec. 6, 2023, news release wherein it announced that it 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 1432714 B.C. Ltd., a private company (Privco) which holds an option to acquire a highly prospective hard-rock lithium property from an underlying optionor. The amendments to the underlying option substantially reduce the option payments by 60 per cent overall and are detailed below.

In accordance with the original terms of the underlying option, the obligations of which the company will assume, in addition to being required to make varying annual cash payments for three years the company was also required to issue $137,500 (U.S.) worth of shares in the first year, $300,000 (U.S.) worth of shares in the second year and $562,500 (U.S.) in the third year. The exchange rate to be used in calculating the U.S.-dollar equivalent will be 1.35 and the shares will be issued at a deemed minimum price which is the greater of eight cents and the value-weighted average trading price of the company's shares in the 10 days prior to issuance of such shares. On March 20, 2024, the underlying option was amended as follows:

• Paying to the underlying owner $55,000 (U.S.) and causing to be issued to the underlying owner $55,000 (U.S.) worth of shares of a publicly traded company within 12 months of the initial payment date, to acquire a 33-per-cent interest in Solonopole South;
• Paying to the underlying owner $120,000 (U.S.) and causing to be issued to the underlying owner $120,000 (U.S.) worth of shares of a publicly traded company within 24 months of the initial payment date, to acquire a 33-per-cent interest in Solonopole South;
• Paying to the underlying owner $225,000 (U.S.) and causing to be issued to the underlying owner $225,000 (U.S.) worth of shares of a publicly traded company within 36 months of the initial payment date, to acquire a 34-per-cent interest in Solonopole South for an aggregate 100-per-cent interest.

The company confirms that in accordance with the terms of the underlying option Privco made payments to the underlying optionor of $4,000 (U.S.) and $40,000 (U.S.).

The company also confirms that the six million Vatic shares issued for the acquisition of 1432714 B.C. are subject to value escrow agreements which will result in the shares being released from escrow on the basis of 10 per cent on TSX-V approval and 15 per cent every six months thereafter.

Loren Currie, chief executive officer, stated: "We are very pleased to have reduced the capital requirements of the option agreement payments, which will allow Vatic to allocate more funding to the exploration of these highly prospective lithium pegmatite fields. Brazil has been a hot spot for hard-rock lithium mining and exploration over the last year with news from Sigma Lithium starting production as well as a multitude of lithium discoveries throughout the country. A comprehensive 2024 work program is being planned to follow up and expand on recent 2023 sampling that returned up to 5.03 per cent Li2O from the Solonopole South hard-rock lithium pegmatite property."

Overview -- Solonopole South lithium property

Solonopole South is a highly prospective hard-rock lithium property that hosts multiple extensive lithium-bearing pegmatite dikes that recently returned initial grab samples of 5.03 per cent lithium oxide, 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 located in an established lithium mining jurisdiction, with year-round access, infrastructure in place and favourable mining legislation.

The initial 2023 exploration program completed by the licence 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 a work program that could include GPS sample site controls for overburden stripping, mapping, channel sampling and trenching.

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 are 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.

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 neighboring projects and has relied on the information provided on the individual corporations' websites.

About Vatic Ventures Corp.

In addition to this recent option to acquire the Solonopole South lithium property, 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.