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. The company has strategic project exposure in multiple active Newfoundland exploration and development belts. It also owns approximately 30 per cent of the shares in Atlas Salt Inc. Atlas Salt is currently developing the Great Atlantic salt mine in western Newfoundland.

We seek Safe Harbor.