Vatic Ventures Corp. announced that it has entered into a share purchase agreement with arms length vendors (the "Optionors") to acquire, subject to TSX Venture Exchange ("TSXV") approval, a 100% interest in a private company which holds an option to acquire a highly prospective hard rock lithium property ("Solonopole South"). The property hosts multiple extensive lithium bearing pegmatite dykes that recently returned initial grab samples of 5.03% Li2O, 3.72% Li2O and 3.41% Li2O.

The Solonopole South Lithium Property consists of 4 claim blocks covering 4,813.57 hectares. The property is located in the coastal state of Ceara in Northeast Brazil, 40 km from the city of Solonopole in a known pegmatite mining district. Vatic's Solonopole South Property is also located approximately 30 km Southeast of Oceana Lithium Limited's ("OCN" - ASX) property.

Oceana Lithium Limited' recent sampling returned up to 9.89% Li2O as well as over 1% Ta, 1% Nb, over 1000 ppm Tin, and over 2.5% Be. The initial 2023 exploration program completed by the former property owner revealed multiple long and wide pegmatite dykes that measure up to 30 meters in width and up to 300 meters in length that are largely unexplored. Vatic is planning an upcoming work program that will include GPS sample site controls for overburden stripping, mapping, channel sampling and trenching.

Vatic is in the process of engaging sampling crews and is working with local Brazil based geological consultants to help plan a follow up drilling program to evaluate the priority targets. The SolonopoleSouth 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% Li2 O. The Company anticipates this to be filed with the TSXV on an expedited transaction basis.

No finder's fees will be payable in connection with this arm's length transaction. The technical content in this release has been reviewed and approved by Mitchell E. Lavery, P.Geo, 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 the Company has not verified the technical and technical information from neighboring projects and other projects.