Vancouver, BC, December 13., 2011 - Vatic Ventures Corp (TSX-V: VCV and Frankfurt: V8V) is pleased to announce that it has received approval from the TSX-Venture Exchange for its La Silla West acquisition in Mexico.
The company has signed a Definitive Agreement with KJ Gold Canada Ltd. and its wholly owned Mexican subsidiary, whereby the company has acquired the right to earn an undivided 100-per-cent interest in and to certain mineral claims located in Sinaloa, Mexico. The claims are called the La Silla West claims.
The property is located some 65 km north of Mazatlan in the State of Sinaloa and encompasses about 29,000 hectares. It is part of the Trans Mexican Volcanic Belt, which hosts numerous world class gold and silver deposits such as the San Dimas Mine of Primero Gold, some 75 km to the east, and the Cienega mine of Fresnillo, some 115 km to the northeast.
Multiple low sulphidation epithermal veins and stockworks of significant width and strike length have been identified within ryholite tuffs and andecite dacites. Some parts of these structures have been historically mined on a small scale.
The infrastructure of the property is excellent. A paved highway passes the property on its western border and a power line crosses the property in the western part. The Piaxtla River runs just to the north of the property.
The consideration, payable by the Company under the Option Agreement includes:
- The non-refundable sum of $15,000 which was paid upon execution of the Option Agreement;
- 1,000,000 common shares of Vatic and cash of $75,000 on Closing;
- 1,000,000 common shares of Vatic and cash of $75,000 on or before each of the one, two, three and four year anniversaries of Closing; and
- The Sellers retain a 2% net smelter royalty on commercial production from the mineral claims.
(2)
A recently completed 43-101 on the property is available on the company's website and on Sedar.
Mr. Nasim A. Tyab, President of Vatic Ventures Corp. comments: 'The acquisition of La Silla West paves the way for our company into highly prospective areas of gold and silver occurrences in a mining friendly country with skilled labour and cost certainty. La Silla West is the next step to establish our company as a significant explorer for gold and silver in North America'.
ABOUT VATIC VENTURES CORP.:
Vatic Ventures Corp (
www.vaticventures.com) is a junior exploration company developing high yield precious metal projects throughout North America. Focusing on high yield gold and silver projects, Vatic ventures currently holds the BM property in the Spences Bridge Gold Belt near Merritt, BC and intends to close the La Silla West property near Mazatlan. The company continues to explore new opportunities and prospects.
ON BEHALF OF THE BOARD VATIC VENTURES CORP.
Nasim Tyab
President and Chief Executive Officer
For further information, please contact:
Nasim Tyab, President and CEO
Phone: (604) 566-9399
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Closing. 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. Forward looking statements in this release include that we can close on the Option Agreement and become a significant explorer for gold in NA. 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: the inability to close on or keep up option payments under the Option Agreement. We may be unable to raise sufficient financing or locate and acquire properties that would make us a significant explorer. In addition, commercial discoveries on properties nearby are not necessarily an indication of commercial mineral resources being on property we option. 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. 
