Corporate Update

Vulcan Minerals Inc. has provided a comprehensive corporate update highlighting recent operational and administrative developments. The company successfully completed a targeted five-hole drill program totaling 715 meters at the McNeilly zone within its Colchester Property in central Newfoundland. This drilling was designed to test new Induced Polarization (IP) anomalies related to the volcanic massive sulfide copper-gold deposit, with visual core inspection confirming the presence of disseminated and stringer copper mineralization associated with these anomalies.

The drilling program builds on the positive correlation between IP surveys and mineralized zones established by both Vulcan and historic operators at the property. While detailed logging and assay analysis are still pending, the visual confirmation of copper mineralization in association with the new IP targets represents an encouraging development for the project's exploration potential. The company plans to release detailed maps and comprehensive results upon completion of the analytical work.

On the corporate development front, Vulcan has engaged JAC Marketing of Mount Pearl, Newfoundland, for a one-year marketing services agreement at $2,850 per month, subject to TSX Venture Exchange approval. This initiative reflects the company's commitment to increasing market visibility and establishing a stronger digital presence. Additionally, the company granted 3.75 million stock options to directors and employees at an exercise price of $0.15 for a two-year term, bringing total issued and outstanding options to 10.3 million under its stock option plan.

The corporate update positions Vulcan as a well-capitalized exploration company with strategic interests across multiple active exploration belts in Newfoundland. The company's diversified portfolio includes its approximate 30% stake in Atlas Salt Inc., which is developing the Great Atlantic salt mine in western Newfoundland, providing additional exposure to the region's mineral development sector.