Vulcan Minerals Inc.

Vulcan Minerals Inc.

September 10, 2010 08:26 ET

Vulcan Minerals Inc.: Parsons Pond Well Commences Drilling

ST.JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 10, 2010) - Vulcan Minerals Inc. ("the Company") (TSX VENTURE:VUL) is pleased to report that the Company has been advised by the operator, Nalcor Energy Oil and Gas, that the Finnegan #1 well has commenced drilling. Finnegan will be the second of a proposed three well program in the Parsons Pond area of western Newfoundland. It is being drilled on exploration permit 03-102 where the Company owns a 7.39% participating, working interest. The well is a wildcat test being drilled to approximately 3200 meters in an area known historically for numerous oil seeps at surface and in shallow well bores within the Cambrian Ordovician- Anticosti Basin. Finnegan will be located approximately 14 kilometres north of the first well of the program, Seamus #1. Seamus #1 completed drilling in late May to a total depth of 3160 metres. The well encountered a hydrocarbon bearing zone that warrants flow testing based on gas shows while drilling and geophysical log responses. The zone is behind casing and the well is currently suspended. In order to determine flow characteristics and the volumes of gas in place, the operator proposes to test the well later this fall with a service rig. This drilling program represents the first deep tests in the Parsons Pond area of western Newfoundland.

Vulcan is a diversified junior exploration company focused on petroleum exploration in the under-explored western Newfoundland and Labrador areas and also holds mineral interests in areas strategic to its operations in Newfoundland and Labrador.

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: 54,461,241

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.

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