Vatic Ventures Corp. Announces Filing of Filing Statement and Technical Report for Proposed Qualifying Transaction

1902 - 1169 Cordova Street West Vancouver, British Columbia

NEWS RELEASE

VATIC VENTURES CORP. ANNOUNCES FILING OF FILING STATEMENT AND TECHNICAL REPORT FOR PROPOSED QUALIFYING TRANSACTION

VANCOUVER, BC, December 29, 2010 – Vatic Ventures Corp. (NEX: VCV.H) (the “Company”) is pleased to provide this update regarding its mineral property option agreement dated May 17, 2010 (the "Option Agreement") with Eastland Management Ltd. (“Eastland”), whereby the Company can acquire an undivided 100% interest in and to certain mineral claims known as the Brookmere property (the "Brookmere Property") located in the Spences Bridge Gold Belt District, British Columbia, Canada (the “Qualifying Transaction”).

The Qualifying Transaction was previously announced in a press release dated May 18, 2010. The terms of a concurrent private placement (the “Private Placement”) was previously announced in a press release dated November 1, 2010. The Company has now received conditional acceptance for the Qualifying Transaction from the TSX Venture Exchange (the “Exchange”), and a filing statement (the “Filing Statement”) dated December 29, 2010 regarding the Qualifying Transaction has been filed on SEDAR (www.sedar.com).

The Company has also filed on SEDAR a National Instrument 43-101 (“NI 43-101”) compliant technical report with respect to the Brookmere Property entitled, “43-101 Technical Report on the BM Property”, written by Stephen B. Butrenchuk P. Geo., and dated May 15, 2010. Mr. Butrenchuk is a “qualified person” as defined in NI 43-101 and is independent of the Company and Eastland. Excerpts from the technical report are included in the Filing Statement.

Closing of the Qualifying Transaction (the “Closing”) is subject to certain conditions, including the final acceptance of the Exchange. The Closing is expected to take place on or about January 12, 2010. Trading in the shares of the Resulting Issuer (as defined in Exchange Policy 1.1) is expected to commence two business days after the Closing.

ON BEHALF OF THE BOARD VATIC VENTURES CORP.

Per: “Monty Qureshi”

Monty Qureshi President

For further information, please contact:

Monty Qureshi, President Phone: (604) 761-3205

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Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Closing. 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) the inability to close the Private Placement, (2) the inability to close the Qualifying Transaction, and (3) inability to obtain exchange approval of the Private Placement or Qualifying Transaction. 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 Management Discussion and Analysis 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.