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File: VUL NR April 26 2017_Final.docx











News Release

April 26, 2017

Vulcan Minerals Inc. - Acquires claims adjacent to the Marathon Gold deposit claims in Central Newfoundland 

St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-V: VUL) announces that, cons
--->istent with its strategy of generating mineral exploration projects, it has acquired additional claims in central Newf
--->oundland. The properties consist of an extension to the company's existing Lizard Pond property and the new Red Cross 
--->Lake property adjacent to the Marathon Gold deposit claims.

Lizard Pond
The original property consisted of 62 claims (1550 hectares) covering the main gold showings, which occur in a hydroth
--->ermally altered major fault zone within the Gander belt of east central Newfoundland. Subsequent to this acquisition P
--->alisade Resources Corp staked approximately 3000 claims immediately adjacent to the Lizard Pond claims extending north
--->eastward along the Gander belt. Vulcan acquired an additional 217 claims over strategic western and northern extension
--->s of the favourable Lizard Pond geology based on compilation work which was ongoing at the time. These claims include 
--->gold-bearing breccias that were discovered by a previous operator, the significance of which will await field evaluati
--->on. 

Red Cross Lake
Marathon Gold Corporation (Marathon) has been an active and very successful explorer in the Valentine Lake Belt of wes
--->t central Newfoundland for several years and has discovered and delineated multiple gold deposits. Deep drilling at th
--->e Marathon deposit has encountered thick sections of gold-bearing quartz-tourmaline-pyrite veins with impressive grade
---> and depth continuity. Marathon recently (March 28, 2017) announced an updated Mineral Resource Report for its Valenti
--->ne Lake Project which identified in excess of 2.0 million ounces of gold in all resource categories. As such the Valen
--->tine Lake Project has emerged as the largest active gold camp in Newfoundland, extending in excess of 20 km. Much of t
--->he strike extent of the belt and associated structures have been staked and are expected to be the site of significant
---> exploration activity in 2017 and beyond. Vulcan has acquired through staking, a property (60 claims) immediately adja
--->cent to the claims containing the Marathon Gold deposit (3.8 km east of the actual deposit). Vulcan's claims are situa
--->ted along a favourable east-west structure. Based on geological compilation and interpretive work Vulcan believes that
---> certain cross-cutting structures may be prospective for gold-bearing quartz-tourmaline-pyrite veins similar to those 
--->on the Valentine Lake project. In 2005 Falconbridge Ltd. carried out a drilling program in an ultramafic intrusion tha
--->t covers a portion of the Red Cross Lake property in search of nickel. They reported the occurrence of angular float o
--->f meta-sedimentary rock (not the intrusion) which assayed 5.82 grams per tonne gold. The significance of this occurren
--->ce will await field evaluation. 

The Company is in the process of compiling all available information towards designing a 2017 exploration program to e
--->valuate the new claims. For a map of the central Newfoundland properties please visit www.vulcanminerals.ca.

Patrick Laracy, President noted "We continue to put together a high quality portfolio of mineral properties and look f
--->orward to adding value and leveraging this value into joint venture opportunities. Based on the successful work of exp
--->lorers in central Newfoundland the area is attracting well-financed groups which are expected to increase gold explora
--->tion in 2017. We are excited to be part of it."

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

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 and a competent team to operate all exploration act
--->ivities. 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


File: VUL NR April 26 2017_Final.pdf

News Release
April 26, 2017


Vulcan Minerals Inc.   Acquires claims adjacent to the Marathon Gold
             deposit claims in Central Newfoundland

St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-
V: VUL) announces that, consistent with its strategy of generating mineral exploration projects,
it has acquired additional claims in central Newfoundland. The properties consist of an
extension to the company's existing Lizard Pond property and the new Red Cross Lake property
adjacent to the Marathon Gold deposit claims.

Lizard Pond
The original property consisted of 62 claims (1550 hectares) covering the main gold showings,
which occur in a hydrothermally altered major fault zone within the Gander belt of east central
Newfoundland. Subsequent to this acquisition Palisade Resources Corp staked approximately
3000 claims immediately adjacent to the Lizard Pond claims extending northeastward along the
Gander belt. Vulcan acquired an additional 217 claims over strategic western and northern
extensions of the favourable Lizard Pond geology based on compilation work which was
ongoing at the time. These claims include gold-bearing breccias that were discovered by a
previous operator, the significance of which will await field evaluation.

Red Cross Lake
Marathon Gold Corporation (Marathon) has been an active and very successful explorer in the
Valentine Lake Belt of west central Newfoundland for several years and has discovered and
delineated multiple gold deposits. Deep drilling at the Marathon deposit has encountered thick
sections of gold-bearing quartz-tourmaline-pyrite veins with impressive grade and depth
continuity. Marathon recently (March 28, 2017) announced an updated Mineral Resource
Report for its Valentine Lake Project which identified in excess of 2.0 million ounces of gold in
all resource categories. As such the Valentine Lake Project has emerged as the largest active
gold camp in Newfoundland, extending in excess of 20 km. Much of the strike extent of the belt


                                    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
 and associated structures have been staked and are expected to be the site of significant
exploration activity in 2017 and beyond. Vulcan has acquired through staking, a property (60
claims) immediately adjacent to the claims containing the Marathon Gold deposit (3.8 km east
of the actual deposit). Vulcan's claims are situated along a favourable east-west structure.
Based on geological compilation and interpretive work Vulcan believes that certain cross-
cutting structures may be prospective for gold-bearing quartz-tourmaline-pyrite veins similar to
those on the Valentine Lake project. In 2005 Falconbridge Ltd. carried out a drilling program in
an ultramafic intrusion that covers a portion of the Red Cross Lake property in search of nickel.
They reported the occurrence of angular float of meta-sedimentary rock (not the intrusion)
which assayed 5.82 grams per tonne gold. The significance of this occurrence will await field
evaluation.

The Company is in the process of compiling all available information towards designing a 2017
exploration program to evaluate the new claims. For a map of the central Newfoundland
properties please visit www.vulcanminerals.ca.

Patrick Laracy, President noted "We continue to put together a high quality portfolio of mineral
properties and look forward to adding value and leveraging this value into joint venture
opportunities. Based on the successful work of explorers in central Newfoundland the area is
attracting well-financed groups which are expected to increase gold exploration in 2017. We
are excited to be part of it."

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

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 and
a competent team to operate 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 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