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File: VUL_NR_December_21_2016_Final.pdf

News Release

December 21, 2016


  Vulcan Minerals Inc.   Completes Drilling Program at the Colchester
               Copper-Gold Project in Newfoundland

St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-
V: VUL) announces that it has completed its preliminary round of drilling on the Old English zone of the
Colchester property in north-central Newfoundland. Four holes totalling 824 metres were drilled to
explore the possible extensions of historic drill intersections of copper and gold mineralization. As well
the holes will assist in calibrating the results from a recent high resolution Induced Polarization
geophysical survey carried out on the property. Several zones of mineralization were encountered and
are being assayed with results expected in January, 2017. Based on the variety of mineralization identified
from historic information and observed in the field, the Company believes the property will require
systematic evaluation utilizing state of the art geophysical technology and several rounds of drilling to
evaluate all the known areas of mineralization and new geophysical targets.

The Colchester property is owned 100% by Vulcan and is accessible by paved road approximately 25
kilometres off the Trans Canada Highway. The area is serviced by an airport at Deer Lake 110 kilometres
to the southwest. Please refer to our webpage www.vulcanminerals.ca for location and geology maps.
The 2016 work program is eligible for financial assistance from the Junior Exploration Assistance Program
of the Government of Newfoundland and Labrador.

Patrick J. Laracy, P. Geo, President, and Patrick Collins, P. Geo, are qualified persons responsible for the
contents of this news release as defined in National Instrument 43-101.

We seek Safe Harbor.

Vulcan is establishing itself as a leading explorer in Newfoundland and Labrador focussed on project
generation, value addition and partnering. Vulcan has projects available for option, including Colchester,
and a competent team to operate all exploration activities. Contact us for opportunity in mineral
exploration and development.


                                     333 Duckworth Street, St. John's, NL, A1C 1G9
     Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: info@vulcanminerals.ca, Website: www.vulcanminerals.ca
 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release. This release may contain certain forward-looking statements. Actual events or
results may differ from the Company's expectations. Certain risk factors beyond the Company's control
may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on
forward-looking information. Except by law, the Company undertakes no obligation to publicly update or
revise forward-looking information.

For information please contact:
Patrick J. Laracy, President
(709) 754-3186
info@vulcanminerals.ca
www.vulcanminerals.ca




                                     333 Duckworth Street, St. John's, NL, A1C 1G9
     Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: info@vulcanminerals.ca, Website: www.vulcanminerals.ca
 

File: VUL_NR_December_21_2016_Final.docx











News Release


December 21, 2016

Vulcan Minerals Inc. - Completes Drilling Program at the Colchester Copper-Gold Project in Newfoundland

St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-V: VUL) announces that it ha
--->s completed its preliminary round of drilling on the Old English zone of the Colchester property in north-central Newf
--->oundland. Four holes totalling 824 metres were drilled to explore the possible extensions of historic drill intersecti
--->ons of copper and gold mineralization. As well the holes will assist in calibrating the results from a recent high res
--->olution Induced Polarization geophysical survey carried out on the property. Several zones of mineralization were enco
--->untered and are being assayed with results expected in January, 2017. Based on the variety of mineralization identifie
--->d from historic information and observed in the field, the Company believes the property will require systematic evalu
--->ation utilizing state of the art geophysical technology and several rounds of drilling to evaluate all the known areas
---> of mineralization and new geophysical targets.

The Colchester property is owned 100% by Vulcan and is accessible by paved road approximately 25 kilometres off the Tr
--->ans Canada Highway. The area is serviced by an airport at Deer Lake 110 kilometres to the southwest. Please refer to o
--->ur webpage www.vulcanminerals.ca for location and geology maps. The 2016 work program is eligible for financial assist
--->ance from the Junior Exploration Assistance Program of the Government of Newfoundland and Labrador.

Patrick J. Laracy, P. Geo, President, and Patrick Collins, P. Geo, are qualified persons responsible for the contents 
--->of this news release as defined in National Instrument 43-101.

We seek Safe Harbor.

Vulcan is establishing itself as a leading explorer in Newfoundland and Labrador focussed on project generation, value
---> addition and partnering. Vulcan has projects available for option, including Colchester, and a competent team to oper
--->ate all exploration activities. Contact us for opportunity in mineral exploration and development.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this rele
--->ase. This release may contain certain forward-looking statements. Actual events or results may differ from the Company
--->'s expectations. Certain risk factors beyond the Company's control may affect the actual results achieved. Accordingly
--->, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertake
--->s no obligation to publicly update or revise forward-looking information.

For information please contact:
Patrick J. Laracy, President
(709) 754-3186
info@vulcanminerals.ca  
www.vulcanminerals.ca