Mr. Patrick Laracy reports

VULCAN MINERALS INC. - ANNUAL GENERAL MEETING REPORT

Vulcan Minerals Inc. shareholders approved all resolutions at the annual general meeting of shareholders today in St. John's, Nfld. All four of the individuals nominated for the board of directors were elected, being Patrick Laracy, Philip E. Collins, Fraser Edison and Carson Noel. Shareholders also appointed MNP LLP as its auditor and approved the company's stock option plan.

About Vulcan Minerals Inc.

Vulcan Minerals is a precious and base metals exploration company based in St. John's, Nfld., with strategic land positions in multiple active Newfoundland gold exploration and development belts. The company has leveraged its exploration exposure in most of this land position through equity ownership of other explorers obtained by way of option and royalty agreements. It also holds approximately 30.5 per cent of the outstanding shares in Atlas Salt. Atlas Salt is developing the Great Atlantic salt mine in western Newfoundland strategically located in the robust road deicing market of eastern North America.

We seek Safe Harbor.