Vatic Ventures Corp. Announces Closing of Qualifying Transaction

205-1008 Homer St Vancouver, BC. V6B 2X1

NEWS RELEASE

VATIC VENTURES CORP. ANNOUNCES CLOSING OF QUALIFYING TRANSACTION

VANCOUVER, BC, January 19, 2011 – Vatic Ventures Corp. (NEX: VCV.H) (the “Company”) is pleased to announce that it has closed its qualifying transaction (the “Transaction”) that was initially announced in a news release on May 18, 2010 and more particularly described in its filing statement dated December 29, 2010 (the “Filing Statement”) and supplementary news release dated January 14, 2011. As a result of the completion of the Transaction, the Company has ceased to be a Capital Pool Company (as defined in the policies of the TSX Venture Exchange (the “TSXV”)) and will graduate from NEX to the TSXV.

The Company is expected to commence trading as a Tier 2 Mining Issuer on the TSXV at the opening of the market on January 25, 2011. The trading symbol of the Company will be changed from “VCV.H” to “VCV”.

The Company closed (the “Closing”) the property option agreement (the “Option Agreement”) dated May 17, 2010 with Eastland Management Ltd. (“Eastland”), as amended January 14, 2011, whereby the Company acquired the right to earn an undivided 100% interest in and to certain mineral claims known as the Brookmere property located in the Spences Bridge Gold Belt District, British Columbia, Canada (the “BM Property”). The Company previously paid Eastland $15,000. On Closing, the Company paid Eastland an additional $15,000 and issued 670,000 common shares of the Company (each, a “Share”) to Eastland. In order to acquire the BM Property, the Company must issue to Eastland 200,000 Shares on or prior to January 19, 2012 and 300,000 Shares on or prior to January 19, 2013. As Eastland will be issued a maximum of 1,170,000 Shares under the Option Agreement, or approximately 9.25% of the Company’s issued and outstanding shares, the Shares issued to Eastland will not be subject to an escrow agreement. Rider Capital Corp. will receive 67,000 Shares as a finder’s fee in connection with the Transaction.

In connection with the Transaction, the Company has also completed a non-brokered private placement (the “Placement”) of 6,000,000 units (each, a “Unit”) at $0.10 per Unit for total proceeds of $600,000 and 2,000,000 flow-through Shares (each a “FT Share”) at $0.12 per FT Share for total proceeds of $240,000. Each Unit consists of one Share and one share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one Share at an exercise price of $0.15 from January 19, 2011 until January 19, 2012 and at an exercise price of $0.20 from January 20, 2012 until January 19, 2013. All Shares, including Shares issued pursuant to the Warrants, are subject to a four month hold period under applicable securities law and TSXV policies, which hold period expires May 19, 2011. Canaccord Genuity Corp. (“Canaccord”) received $73,201.98 and 505,000 Warrants as a finder’s fee in connection with the Placement.

In connection with the Transaction, the Company has also appointed Nasim Tyab as President and Chief Executive Officer; Tom Wilson as Chief Financial Officer; Loren Currie as Corporate

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Secretary; and George Cavey, Matt Mikulic, and Barry Coughlan as directors of the Company. Nasim Tyab will remain a director of the Company. The Company anticipates that at its next annual general meeting it will request that the number of directors of the Company be increased from four directors to five directors and nominate Mr. Wilson as the fifth director. Summaries of the biographies for all of the directors and executive management of the Company are set out in the Filing Statement, which is available on SEDAR at www.sedar.com. Once the TSXV issues its Final Exchange Bulletin, as defined in the policies of the TSXV, the Company will grant 50,000 stock options to Nasim Tyab, 200,000 stock options to Barry Coughlan, 50,000 to Tom Wilson, 50,000 stock options to George Cavey, 50,000 stock options to Loren Currie, and 100,000 stock options to Matt Mikulic. Each stock options allow the individual to purchase one Share at a price of $0.10 per Share until January 19, 2016.

The Company has also accepted the resignation of Murtaza Qureshi as an officer and director of the Company and the resignation of Michael Cahén as a director of the Company. The Company would like to thank Mr. Qureshi and Mr. Cahén for their services. The Company has also cancelled 90,000 stock options granted to Murtaza Qureshi and 170,000 stock options granted to Mr. Cahén. Mr. Qureshi’s remaining 100,000 stock options will be cancelled on April 19, 2011.

The following table summarizes the non-diluted share capital of Vatic after giving effect to the Transaction and the Placement, excluding the Warrants:

The following table summarizes the fully-diluted share capital of Vatic after giving effect to the Transaction, the Placement, and the grant of stock options:

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As a result of the completion of the Transaction, the Company will now be engaged in the exploration and development of prospective mineral properties, including the BM Property.

ON BEHALF OF THE BOARD VATIC VENTURES CORP.

Per: “Nasim Tyab”

Nasim Tyab President and Chief Executive Officer

For further information, please contact:

Nasim Tyab, President and Chief Executive Officer Phone: (604) 922-2366

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the date the Company will begin to trade on the TSXV and the nomination of Mr. Wilson at the next annual general meeting of the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) any delays by the TSXV issuing its final exchange bulletin, (2) the TSXV not approving the final documents submitted by the Company, and (3) the Company being unable to nominate Tom Wilson and increase its board of directors at its next annual meeting. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s MD&A filed with Canadian security regulators.

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.