Vulcan Minerals Inc.

Vulcan Minerals Inc.

December 17, 2010 12:34 ET

Vulcan Minerals Inc.-Financing

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Dec. 17, 2010) - Vulcan Minerals Inc. ("the Company") (TSX VENTURE:VUL) announces that it proposes to carry out a private placement for proceeds of up to $950,000 by issuance of up to 2,111,111 Flow-Through Shares at a price of $0.45 per share. Approximately $500,000 of the placement shall be on a brokered basis with D&D Securities Inc. and the remainder shall be non-brokered. The proceeds of the offering will be used to fund exploration activities in western Newfoundland. The shares issued will have a four month hold period as per applicable securities law. The company has agreed to pay commissions and finder's fees in the amount of 4% of the proceeds raised. The financing is subject to TSX Venture Exchange approval. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

The TSX Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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