NEWS RELEASE


May 21, 2008


Stock Symbol: TSX: VUL

Shares issued: 43,314,301


VULCAN MINERALS INC. � Labrador Nickel-Copper Airborne Geophysical Surveys
Completed


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 that
VTEM (Airborne Time Domain Electromagnetic) geophysical surveys have been
completed on the Tasisuak Lake (TL) and Kingurutik nickel copper properties
in Northern Labrador.

Tasisuak Lake Property
The Tasisuak Lake (TL) property is located approximately 50 kilometers
northwest of the Voisey�s Bay nickel-copper-cobalt mine. It comprises 219
claims (13529 acres) covering several prominent geophysical anomalies where
previous drilling encountered up to 1.09% Nickel, 0.48% Copper over core
widths of 6 metres near surface. The claims cover Nain Plutonic intrusive
rocks within the Tasiuyak gneiss, a geologic setting with potential for
Voisey Bay type magmatic sulphide ore bodies. Nortec is earning a 51%
interest in the claims by incurring $1.5 million expenditures by March 17,
2009. If Nortec earns the 51% interest, Vulcan may elect to participate at
49% or allow Nortec to earn additional interests pursuant to prescribed work
commitments and payments. The VTEM survey consisted of 600 line kilometres
covering the entire claim area. The survey will assist in locating massive
sulphide targets and the potential source of the surface nickel-copper
mineralization.

Kingurutik Property
On April 1, 2008, the company and Nortec signed a letter of intent whereby
Nortec can acquire a 51% interest in the Kingurutik property with an option
to earn up to a 100% interest pursuant to certain prescribed work
commitments and payments.. Nortec has initiated a technical report of the
property authored by a qualified person in compliance with National
Instrument 43-101 guidelines as required by the TSX Venture Exchange.

The Kingurutik property is located approximately 90 kilometres northwest of
the Voisey�s Bay nickel-copper-cobalt mine in Northern Labrador. It covers
234 claims (approximately 15,000 acres) of Nain Plutonic rocks and Tasiuyak
gneiss in a geologic setting with the potential for the discovery of Voisey
Bay type magmatic sulphide ore bodies. The VTEM survey (400 line
kilometres) was designed to delineate sulphide bodies associated with known
surface gossans and previously identified geophysical anomalies on the more
prospective portions of the property. The Kingurutik area has received
renewed exploration interest as a result of surface and drilling intercepts
of nickel-copper and platinum group elements last year.


Other News
Further to the previous news on April 16, 2008, the purchase and sale
agreement with Investcan Energy Corp. has closed. Provincial Ministerial
approval of the transfer of certain interests in the petroleum permits to
Investcan has been obtained and the TSX Venture Exchange has issued its
final approval of the transaction. The TSX Venture Exchange has also given
final approval to the recently closed financing described in the Company�s
news release dated May 9, 2008.

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.

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


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