Vulcan Minerals Inc.: 14 Metres of 1.02% Nickel Drilled at the Tasisuak Lake Property in Labrador

Vulcan Minerals Inc. (the Company) (TSX VENTURE:VUL) is pleased to announce that
it has been advised by Nortec Ventures Corp. (Nortec), the operator, that the
recent summer drill program at Tasisuak Lake in Labrador has encountered
significant Nickel (Ni), Copper (Cu), Cobalt (Co) mineralization highlighted as
follows:


- 14 metres of 1.02% Ni, 0.51% Cu, 0.03% Co (Hole 08-AA-60)

- 9 metres of 1.02% Ni, 0.55% Cu, 0.04% Co (Hole 08-LP-55)

- 3 metres of 1.04% Ni, 0.38 Cu, 0.03% Co (Hole 08-LP-56)

- 3 metres of 1.01% Ni, 0.39% Cu, 0.04% Co (Hole 08-AA-62)

The drill program consisted of 1960 metres of diamond coring over 18 holes.  The
program was designed to test a variety of surface showings and VTEM geophysical
anomalies.




                             2008 Drill Locations

--------------------------------------------------------------------------
                   Easting    Northing  Eleva                        Total
Hole_       Pros     (m)         (m)    -tion   Azimuth     Dip      Depth
ID         -pect  NAD27_z20   NAD27_z20   (m)  (degrees) (degrees)     (m)
--------------------------------------------------------------------------
            Long 
08-LP-55    Pond    512372     6270033    484      105      -50      137.2
--------------------------------------------------------------------------
            Long
08-LP-56    Pond    512372     6270033    484      130      -80     107.84
--------------------------------------------------------------------------
            Long 
08-LP-57    Pond    512413     6270013    476      320      -80      156.6
--------------------------------------------------------------------------
            All
            About
08-AA-58    -it     512310     6270400    508      108      -50      39.63
--------------------------------------------------------------------------
            All 
            About
08-AA-59    -it     512310     6270400    508      108      -80      28.05
--------------------------------------------------------------------------
            All 
            About
08-AA-60    -it     512266     6270635    534      140      -50      118.9
--------------------------------------------------------------------------
            All 
            About
08-AA-61    -it     512266     6270635    534      140      -80      86.57
--------------------------------------------------------------------------
            All 
            About
08-AA-62    -it     512283     6270628    533      320      -45      64.02
--------------------------------------------------------------------------
08-BZ-63    B-Zone  512550     6271400    500       80      -85     287.15
--------------------------------------------------------------------------
            No 
08-NB-64    Baccy   512233     6270947    542       75      -45       79.9
--------------------------------------------------------------------------
            No 
08-NB-65    Baccy   512250     6270952    544      255      -60      51.21
--------------------------------------------------------------------------
            No 
08-NB-66    Baccy   512251     6270920    540       80      -45      100.5
--------------------------------------------------------------------------
08-BZ-67    B-Zone  512752     6270667    502      270      -60     140.24
--------------------------------------------------------------------------
08-BZ-68    B-Zone  512883     6269979    493      270      -75     115.85
--------------------------------------------------------------------------
08-BZ-69    B-Zone  512921     6269998    491      260      -45      82.32
--------------------------------------------------------------------------
08-FZ-70    F-Zone  513355     6268989    496      270      -60     109.76
--------------------------------------------------------------------------
08-AZ-71    A-Zone  513639     6269988    515      270      -60      118.9
--------------------------------------------------------------------------
08-BZ-72    B-Zone  512497     6271773    470      350      -80     136.28
--------------------------------------------------------------------------



Generally, the holes testing geological targets along the C-zone (holes 56-66,
except 63) proved to contain the best mineralization with disseminated to
semi-massive sulphide textures, as follows:




                        2008 Drill Results

--------------------------------------------------------------------
                                                           Platinum,
                                                          Palladium+
Hole_ID    From     To   Interval  Nickel  Copper  Cobalt      Gold
             (m)    (m)        (m)      %       %       %       g/t
--------------------------------------------------------------------
08-LP-55      7     21         14    0.80    0.85    0.03      0.36
--------------------------------------------------------------------
 Incl.       10     19          9    1.02    0.55    0.04      0.40
--------------------------------------------------------------------
 incl.        7     13          6    1.02    1.59    0.05      0.30
--------------------------------------------------------------------
  WITH        7      8          1    0.55    4.02    0.03      0.30
--------------------------------------------------------------------
08-LP-56      8     25         17    0.41    0.15    0.02      0.16
--------------------------------------------------------------------
 incl.        8     14          6    0.69    0.24    0.02      0.21
--------------------------------------------------------------------
 incl.        9     12          3    1.04    0.38    0.03      0.28
--------------------------------------------------------------------
08-LP-57    NSI
--------------------------------------------------------------------
08-AA-58      8     13          5    0.11    0.05    0.07      0.05
--------------------------------------------------------------------
08-AA-59    NSI
--------------------------------------------------------------------
08-AA-60      3     42         39    0.57    0.28    0.02      0.25
--------------------------------------------------------------------
 incl.        6     20         14    1.02    0.51    0.03      0.35
--------------------------------------------------------------------
  WITH       13     14          1    2.15    0.38    0.05      0.36
--------------------------------------------------------------------
08-AA-61      2     31         29    0.42    0.21    0.02      0.15
--------------------------------------------------------------------
 incl.        5      6          1    1.62    0.66    0.05      0.35
--------------------------------------------------------------------
 incl.        8     10          2    1.23    0.34    0.04      0.41
--------------------------------------------------------------------
08-AA-62    5.5   41.5         36    0.42    0.19    0.02      0.19
--------------------------------------------------------------------
 incl.      7.5   10.5          3    1.01    0.39    0.04      0.63
--------------------------------------------------------------------
 incl.     11.5   13.5          2    1.09    0.25    0.06      0.53
--------------------------------------------------------------------
08-NB-64   5.50   11.5          6    0.75    0.22    0.02      0.32
--------------------------------------------------------------------
 incl.     5.50    7.5          2    1.47    0.28    0.03      0.46
--------------------------------------------------------------------
08-NB-65   7.70    8.7          1.   1.21    1.04    0.03      0.03
--------------------------------------------------------------------
08-NB-66  15.25  16.25          1    0.29    0.07    0.01      0.08
--------------------------------------------------------------------



Drill holes 63, 67-72 tested a series of VTEM Anomalies in the B, F and A zones
and did not encounter any significant nickel-copper mineralization.  However,
three of the holes did encounter a massive pyrrhotite zone up to 3 meters in
thickness with gold enrichment of 1 gram/tonne over 2 metres in hole 68.  As
well, some zones of anomalous platinum (Pt) and palladium (Pd) were encountered.
 Hole 63 encountered the thickest gabbroic body over 69.4 metres though no
significant mineralization was encountered.


The Tasisuak Lake property is situated approximately 50 kilometres northwest of
the world class Voisey Bay nickel-copper-cobalt mine.  The property covers
significant outcrops of Tasiuyak gneisses hosting mafic intrusions which contain
the nickel-copper mineralization.  The genesis and style of mineralization
remains unexplained in the context of the regional setting and timing of
emplacement.  The Company plans to carry out geochemical and petrographic
analysis of the mineralization and host rocks to answer these questions and
assist in further exploration of the property.  The property contains many
untested geophysical anomalies and surface showings.  The C-zone mineralization
remains open in a north-south direction in excess of 5 kilometers based on its
geophysical signature. The Company is encouraged by these drill results and
notes that they are some of the highest grade over width nickel-copper
intersections drilled in Labrador outside of Voisey's Bay.


Kingurutik Property

As part of the recently signed agreement between Nortec and Vulcan, Nortec
commissioned Geotech Ltd. ("Geotech") to carry out a 417 line-km
helicopter-borne geophysical survey for Nortec over the Kingurutik River
Property, 70km north of the Tasisuak Lake property. The airborne geophysics
consisted of a versatile time domain electromagnetic ("VTEM") survey and total
magnetic intensity ("TMI") using a cesium magnetometer.


There are 5 main anomalies identified from the geophysical survey. Three of
these anomalies are located in the north central part of the claim and have E-W
trending conductors with coincident magnetic highs possibly related to metallic
mineralization in the form of mixed magnetite and pyrrhotite dominated
sulphides.


As part of a first pass exploration drill program, 3 holes were drilled for a
total of 321metres.  The holes targeted the potential near-surface
mineralization and coincident geophysical anomaly on Prospect A.  Though
sulphide mineralization was encountered it did not contain any significant
nickel and copper.  Geological and geophysical interpretation of the property is
ongoing towards delineation of further drill targets.


Drillhole Collar co-ordinates on the Kingurutik River Property



--------------------------------------------------------------------------
                    Easting    Northing  Eleva                       Total
Hole_       Pros      (m)         (m)    -tion  Azimuth     Dip      Depth
ID         -pect  NAD27_z20   NAD27_z20   (m)  (degrees) (degrees)     (m)
--------------------------------------------------------------------------
08-KG-01       A     504162     6317813    555      270      45       121
--------------------------------------------------------------------------
08-KG-02       A     504010     6318762    480      320      45       100
--------------------------------------------------------------------------
08-KG-03       A     504300     6318912    391      320      45       100
--------------------------------------------------------------------------



All core samples were cut in half by diamond saw, packaged and sealed in the
field before being shipped to Accurassay Laboratories receiving facility in
Gambo South, NL where they were prepared and forwarded to the main lab in
Thunder Bay, ON. Samples were tested for 30 elements (including base metals)
with an ICP (Inductively Coupled Plasma) process. Samples exceeding detection
limits were processed for ore grade analysis with an AA (Atomic Absorption)
process.  All samples were also analyzed for Au, Pt and Pd with a fire assay
process.  QA/QC was maintained by the laboratory by running duplicates and
repeats, and also with blind duplicates inserted into the sample stream directly
from the field.


Further information on the TL and Kingurutik River Properties is available on
Vulcan's website www.vulcanminerals.ca and also on Nortec's website at
www.nortecventures.com. Mr. Mohan Vulimiri, P.Geo., President & CEO and Director
of Nortec, is the Qualified Person responsible for the supervision of the field
programs and the results provided in this news release.


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


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.


A map is available at the following address:
http://file.marketwire.com/release/vul1007_map.pdf


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