Vulcan Minerals Inc. ("the Company" - "Vulcan")(TSX VENTURE:VUL) advises that
Investcan Energy Corp. (Investcan) proposes to drill one well with an option for
a second well in the Flat Bay area of western Newfoundland on petroleum Permit
03-106. Investcan has registered the project, including road construction,
pursuant to the applicable environmental legislation in the province. The
proposed wells have targeted depths of up to 2,000 metres each. Drilling is
planned to commence in mid-June with a minimum 50 day drill project. The wells
will be known as Thoulet #1 and Thoulet #2 and have a preliminary combined
budget of $10 million. Investcan completed a well (Gobineau #1) in the Flat Bay
oil deposit on Permit 03-106 in late 2012 for which results have not yet been
released.


Vulcan owns a 2% gross-overriding royalty on petroleum Permits 03-106, 03-107
and 96-105 covering approximately 250,000 acres in the Bay St. George basin. The
Company wishes Investcan continued success with the drill program.


Vulcan is a diversified junior exploration company with petroleum and mineral
exploration interests in Newfoundland and in Labrador.


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release. The statements made in this News
Release may contain certain forward-looking statements. Actual events or results
may differ from the Company's expectations. Certain risk factors may also affect
the actual results achieved by the Company. There can be no assurance that
forward-looking information will prove to be accurate. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from any conclusions,
forecasts or projections described in the forward-looking information.
Accordingly, readers are advised not to place undue reliance on forward-looking
information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events or otherwise.


Shares Issued: 58,526,129

FOR FURTHER INFORMATION PLEASE CONTACT: 
Vulcan Minerals Inc.
Patrick J. Laracy, President
Gerri A. MacNeil, Business Manager, Investor Relations
709-754-3186
info@vulcanminerals.ca
www.vulcanminerals.ca
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