Mr. Loren Currie reports

VATIC VENTURES CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING, SETTLES DEBT FOR SHARES

Vatic Ventures Corp. has received conditional approval from the TSX Venture Exchange of its non-brokered five-cent-per-unit private placement financing for aggregate gross proceeds of up to $750,000. Each unit comprises one common share of the company and one common share purchase warrant, each warrant being exercisable for an additional common share of the company at 7.5 cents for 24 months from the date of issue. The company has closed the first tranche of the financing for aggregate gross proceeds of $173,705 and has issued 3,474,100 common shares and 3,474,100 common share purchase warrants to various subscribers.

In connection with the financing, the company has paid finders' fees in accordance with the policies of the exchange as follows: $8,286 cash and 165,720 broker warrants being exercisable for an additional common share of the company at 7.5 cents for 24 months from the date of issue. Proceeds of the financing will be used for general working capital. All securities issued pursuant to the financing are subject to a four-month-plus-one-day hold period.

The company also announces that it has received approval from the exchange to settle $16,839 in debt by issuing 240,557 seven-cent shares of the company to an arm's-length creditor. The debt shares issued pursuant to the debt settlement are subject to a four-month-plus-one-day hold period.

About Vatic Ventures Corp.

Vatic is a mineral exploration and development company focused on developing high-value properties. Vatic has an option to acquire a 100-per-cent interest in the Solonopole South lithium property in Brazil and has an option to acquire an 80-per-cent interest in the Opuwo copper property in Namibia.

We seek Safe Harbor.