VUL Vulcan Minerals Inc

Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX VENTURE:VUL) announces that
it proposes to carry out a $250,000 non-brokered private placement (the
"Offering") in Red Moon Potash Inc. ("Red Moon") for 2,500,000 units (the
"Units"). The Units will cost $0.10 and will consist of one common share and
one-half of a common share purchase warrant (the "Warrants"), with each full
warrant exercisable at a price of $0.25 per common share for a period of two
years following the closing date of the offering. The proceeds of the offering
will be used to fund mineral exploration activities in western Newfoundland and
general working capital. The shares issued will have a four month hold period as
per applicable securities law. Vulcan currently owns 57.75% of the outstanding
common shares of Red Moon and will own, assuming the financing closes, 60.53% of
the issued common shares or 61.78% if the warrants are exercised (without
further dilution). The financing is subject to TSX Venture Exchange approval.


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.


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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