NEWS RELEASE


June 30, 2008


Stock Symbol:                      TSX: VUL

Shares issued:                     43,364,301


VULCAN MINERALS INC. � Kingurutik River Option Agreement Approved/Tasisuak
Lake Drilling Scheduled/Options Proposed


St. John's - Newfoundland - Vulcan Minerals Inc. ("the Company" TSX-V: VUL)
is pleased to announce that it has been advised by Nortec Ventures Corp.
(Nortec) that it has received TSX Venture Exchange Approval for the
Kingurutik River option agreement.

The option agreement dated March 31, 2008, between Nortec Ventures Corp. and
Vulcan Minerals Inc. (Vulcan) allows Nortec to acquire an initial
51-per-cent interest in the Kingurutik River, nickel-copper property located
in northern Labrador.

Total consideration for the initial option consists of $200,000 in cash
payments, three million shares of Nortec and $1.5-million in work
expenditures over four (4) years.  Nortec may acquire the remaining
49-per-cent interest in the Kingurutik River property by fully exercising
its initial option and issuing the greater of nine million additional
shares, or an amount of shares, when added to the three million previously
issued shares, would equal 19.9 per cent of Nortec�s fully diluted share
capital (including the additional shares to be issued to exercise the second
option) at the time of exercise of the option attributable to the value of
the property in relation to Nortec�s total value. The proposed issuance of
these additional shares is subject to an additional filing and prior
exchange approval.  In addition to the above, there is a 10-per-cent net
profit interest convertible into a 2-per-cent net smelter return royalty
relating to the acquisition.

Nortec has completed a technical report authored by a Qualified Person in
compliance with National Instrument 43-101 guidelines on the Kingurutik
River Property as required by TSX Venture regulations.   A recent VTEM
survey (airborne electromagnetic) was carried out by Geotech Ltd. designed
to delineate previously identified gossan zones and geophysical anomalies.
Detailed interpretation of the VTEM data with emphasis on identifying
priority targets for drilling is being carried out by Geotech.

The company is also advised that Nortec has signed a contract for 2500
metres of Diamond core drilling on the TL-Tasisuak Lake Nickel-Copper-Cobalt
property situated approximately 50 kilometers northwest of the Voisey Bay
mine in northern Labrador.  Drilling is expected to commence within two
weeks.


The company also wishes to report it has issued 950,000 incentive stock
options to Directors, Officers and employees exercisable at a price of $1.00
for a period of 5 years subject to TSX Venture Exchange approval.    The
company has reserved 4,336,430 shares pursuant to its stock option plan of
which 3,625,000 have been granted including the grant described herein.

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

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.
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.

For information please contact Mr. Patrick Laracy, President of Vulcan
Minerals Inc.
Phone: (709) 754-3186, Fax: (709) 754-3946 or Email:
info@vulcanminerals.ca, Website: www.vulcanminerals.ca
<http://www.vulcanminerals.ca/>
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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