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File: VUL_NR_April 30 2018 Vulcan deposit refund and Options final.docx









News Release

April 30, 2018
Stock Symbol: TSX-V:VUL

Vulcan Minerals Inc. - Petroleum deposits refunded-Options issued 

St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-V:VUL) announces that  Inves
--->tcan Energy Corporation (Investcan), the operator of petroleum permits 96-105, 03-106, and 03-107 in western Newfoundl
--->and, have relinquished the permits back to the province of Newfoundland and Labrador. This extinguishes the Company's 
--->royalty interests in those permits. The relinquishment occurred after Investcan successfully abandoned all of the well
--->s and reclaimed all of the petroleum drill sites on the petroleum permits. As a result the Company has received a cash
---> payment from Investcan in the amount of $286,000.00 as a full refund of the various government reclamation deposits t
--->hat were posted by the Company. 

The Company acknowledges, with appreciation, receipt of $7,186.00 in a Junior Exploration Assistance grant from the pr
--->ovince of Newfoundland and Labrador in relation to the 2017 work program carried out on its Springdale copper - gold p
--->roject.

The Company also announces that it has granted 2,750,000 share purchase stock options (options) to Directors, manageme
--->nt advisory board members and employees. The options are exercisable at $0.10 for a period of five years. Fifty percen
--->t of the options vest immediately and 50% vest on December 31st 2019. The Company has reserved 5,852,613 listed shares
---> for issuance under its stock option plan, of which 2,350,000 options have been issued prior to the current issue. 

Vulcan is a diversified company with mineral exploration and development interests in Newfoundland and Labrador. The C
--->ompany owns approximately 67% of the outstanding shares in Red Moon Resources Inc (TSX-V: RMK). 


We seek Safe Harbor.

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