ST. JOHN'S, NEWFOUNDLAND and LABRADOR--(Marketwire - May 26, 2010) - Vulcan Minerals Inc. ("the Company") (TSX VENTURE:VUL) announces that it has been advised by the operator, Nalcor Energy Oil and Gas, that the Seamus #1 well has reached total depth at 3160 metres. The well has 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 summer with a service rig. This will allow the drilling rig to move to the second well, Finnegan #1, which is expected to commence drilling in the next few weeks.

As well, the Company is advised that approval has been received from the Environmental Review Process relating to new road construction required to access the third drill location, Darcy #1. New road construction is expected to commence in mid-summer followed by drilling in the fall after Finnegan #1 is completed.

Seamus #1 is the first of a planned three well wildcat drilling program at Parsons Pond in western Newfoundland. The Company has a 10 percent non-operating participating interest in the well. The Company considers these early stage drill results to be very encouraging for the overall exploration of the area and looks forward to the forthcoming test results and the continuation of the drilling program. These wells are the first deep wells to be drilled in this part of the Cambrian-Ordovician aged Anticosti Basin in 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.

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.

Shares Issued: 54,461,241

FOR FURTHER INFORMATION PLEASE CONTACT:

Vulcan Minerals Inc.
Patrick J. Laracy, President
Gerri A. MacNeil, Business Manager, Investor Relations
709-754-3186

info@vulcanminerals.ca
www.vulcanminerals.ca