B2Gold Corp. press release

VATIC VENTURES CORP. ANNOUNCES WORK PROGRAM UNDERWAY ON ITS BM PROPERTY NEAR MERRIT, BC

2011-06-03

TSX - Toronto Stock Exchange · Gold · Canada

Jun. 3, 2011 (TheNewswire.ca) --

VANCOUVER, BC, June 3, 2011 - Vatic Ventures Corp. (TSX-V: VCV and FSE: V8V) (the "Company") is pleased to announce that it has started its exploration work program on its

100 % owned BM property near Merritt, BC. This gold property consists of about 7,000 hectares of land and is part of the Spences Bridge Gold Belt.

The work program consists of surface sampling and mapping and will be conducted in 2 Phases. The goal of the program is to get a better understanding of possible gold bearing structures and to identify possible drill targets. Previous geophysical and geochemical work had identified two major target areas in the northern part of the claim.

The Company also announces that it will enter into a private placement of up to 5,000,000 units at a price of $CDN0.20 per unit. Each unit consists of one common share and one warrant. The warrant is exercisable for a two year period at a price of $CDN0.30 per share. The Company intends to use the proceeds from this proposed private placement for expenditures on the La Silla West project in Mexico after receiving TSX Venture Exchange approval, for new project development and for general working capital. The private placement is subject to TSX Venture Exchange approval. Finder's fees may be paid in connection with the private placement.

For more information, please visit the company's website www.vaticventures.com.

ON BEHALF OF THE BOARD

VATIC VENTURES CORP.

Per: 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. 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 Option Agreement or agree on a definitive agreement, and (2) the inability to obtain exchange approval of the 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 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.

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