Vatic Announces Closing of Private Placement

VATIC VENTURES CORP.

VATIC VENTURES CORP.

1500-1040 WEST GEORGIA STREET

VANCOUVER, BC V6E 4H1

CANADA

PHONE: (778) 373-6972

FAX: (604) 689-1288

EMAIL: [email protected]

Vatic Announces Closing of Private Placement

Vancouver, BC, January 30 , 2019 - Vatic Ventures Corp. (the " Company" or " Vatic") ( TSXV: VCV;

OTCBB: VTTCF; FWB: V8V3) is pleased to announce, subject to regulatory approval from the TSX Venture

Exchange (the “Exchange”), the closing of its private placement financing (increased from the $750,000

financing announced December 18, 2018) for gross proceeds of $1,296,032.93 . The Company will issue a

total of 17,280,439 units (“Units”) at a price of $ 0.075 per unit as well as 8,640,220 warrants. Each Unit will

consist of one common share and one half of a common share purchase warrant (“Unit Warrant”) with each

full Unit Warrant entitling the holder to acquire one additional common share at a price of $0.10 per share for

24 months from closing. The funds from the financing will be used for general corporate purposes.

In accordance with TSX Venture Exchange policies, a total of $ 56,854.31 in finder’s fees will be paid as well

as 596,657 broker warrants.

All securities issued in the placement are subject to a four-month hold period.

The Placement was effected with 5 insiders of the Company subscribing for 1,466,666 Units for aggr egate

subscription proceeds of $110,000.00, that portion of the financing a “related party transaction” as such term

is defined under Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special

Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority

approval requirements set out in MI 61- 101. The Company is exempt from the formal valuation requirement

of MI 61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value

of the transaction, insofar as it involves the interested party, is not more than the 25% of the Company’s

market capitalization. Additionally, the Company is exempt from minority shareholder approval under

sections 5.7(1)(a) and (b) of MI 61-101 as, in addition to the foregoing, (i) neither the fair market value of the

Units nor the consideration received in respect thereof from interested party exceeds $2,500,000, (ii) the

Company has one or more independent directors who are not employees of the Company, and (iii) all of the

independent directors have approved the transaction. Material change reports were not filed 21 days prior to

the closing of the financing because insider participation had not been established at the time the financing

was announced.

ABOUT VATIC VENTURES CORP.

Vatic is reviewing various potential opportunities in the cannabis sector. Management is of the view that

although there is an excessive amount of participation and competition in certain areas of the cannabis

industry there continues to be tremendous potential to develop business models which embrace unique and

profitable approaches to the sector.

ON BEHALF OF THE BOARD OF DIRECTORS.

T. Barry Coughlan, CEO

"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." The information contained herein contains

"forward-looking statements" within the meaning of applicable securities legislation. Forward -looking statements relate to

information that is based on assumptions of manageme nt, forecasts of future results, and estimates of amounts not yet

determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future

events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements

are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the

forward-looking statements. Investors are cautioned a gainst attributing undue certainty to forward -looking statements. These

forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise

them to reflect new events or circumstances. Actual event s or results could differ materially from the Company's expectations or

projections.