Vulcan Minerals Inc.

Vulcan Minerals Inc.

November 29, 2006 12:33 ET

Vulcan Minerals Inc.-Commences Drilling Programs

ST. JOHN'S, NEWFOUNDLAND and LABRADOR--(CCNMatthews - Nov. 29, 2006) - Vulcan Minerals Inc. ("the Company") (TSX VENTURE:VUL), is pleased to announce that it has commenced drilling Red Brook #1 in Western Newfoundland. The well is situated approximately 20 km southwest of Flat Bay and will test a seismically defined target along the west flank of the Flat Bay anticline. This will be the first well drilled for petroleum in this geologic region. The targets are Carboniferous clastics and carbonates at depths less than 900 m. A historic mining hole encountered gas shows approximately 2.5 km from the Red Brook location.

As well, the Company has been advised by the operator that a drilling and re-completion program has commenced at its Medicine Hat gas project in Alberta. The plan is to drill three wells and re-complete an additional well during this initial phase of the operation with further development drilling to occur in 2007.

Shares issued: 37,318,384

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