Vulcan Minerals Inc. Acquires Tasisuak Lake Nickel/Copper/PGE Property Interest

Vulcan Minerals Inc. ("the Company" - "Vulcan")(TSX VENTURE:VUL) is pleased to
announce it has entered into a letter agreement with Nortec Minerals Corp
(Nortec) to acquire Nortec's 51% working interest in the Tasisuak Lake
Nickel/Copper/PGE property in northern Labrador. The consideration for the
acquisition is 1,000,000 common shares of the Company. Nortec will retain a 1%
Net Smelter Return Royalty subject to certain buyout provisions. A formal
acquisition agreement is expected to be finalized shortly. Combined with the
Company's current 49% working interest in the property, the Company will own a
100% working interest as a result of the acquisition.


The Tasisuak Lake Nickel/Copper/PGE property is situated approximately 50 km
northwest of the Voisey's Bay Nickel/Copper mine. Previous work on the property
included shallow drilling with encouraging results of up to 14 metres of 1.02%
Nickel, 0.51% Copper, 0.03% Cobalt, 0.12% Chromium and 0.35 g/t Platinum Group
Elements plus Gold. Many geophysical targets and surface showings remain
untested. The mineralization occurs in noritic intrusive rocks within the
Tasiyuak gnesis marginal to the Nain Plutonic Suite. The Company plans to
commence a detailed compilation and integration of all previous work towards
soliciting a joint venture partner and formulating a priority set of drilling
targets. The proposed acquisition is subject to TSX Venture Exchange approval.


The Company also announces that it has issued 2,325,000 stock options to
Directors, Officers and Employees exercisable at $0.10 for a period of 5 years
and vesting over a 2 year period. Shareholders are advised that a Letter to
Shareholders has been posted on the Company website www.vulcanminerals.ca and on
www.sedar.com. It addresses the current strategy for the Company. The Company is
a well capitalized junior explorer with approximately $5 million in cash
(inclusive of its subsidiary Red Moon Potash Inc.) and no debt.


Vulcan is a diversified junior exploration company with petroleum and mineral
exploration interests in Newfoundland and in Labrador.


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release. The statements made in this News
Release may contain certain forward-looking statements. Actual events or results
may differ from the Company's expectations. Certain risk factors may also affect
the actual results achieved by the Company. There can be no assurance that
forward-looking information will prove to be accurate. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from any conclusions,
forecasts or projections described in the forward-looking information.
Accordingly, readers are advised not to place undue reliance on forward-looking
information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward- looking
information, whether as a result of new information, future events or otherwise.


Shares Issued: 57,526,129

FOR FURTHER INFORMATION PLEASE CONTACT: 
Patrick J. Laracy
President
(709) 754-3186


Gerri A. MacNeil
Business Manager, Investor Relations
(709) 754-3186
info@vulcanminerals.ca
www.vulcanminerals.ca

Vulcan Minerals (TSXV:VUL)
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