Volcanic Metals Corp. Announces $1.5 Million Private Placement

#700 – 510 West Hastings Street Vancouver, British Columbia V6B 1L8 Tel: (604) 568-6312 Fax: (604) 357-1419

NEWS RELEASE

VOLCANIC METALS CORP. ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT

Vancouver, BC, April 13, 2010 – Volcanic Metals Corp. ("Volcanic") (TSX-V: VOL) is pleased to announce a non-brokered private placement of up to 6,000,000 units (the "Units") at a price of $0.25 per Unit for the gross proceeds of up to $1,500,000. Each Unit will be comprised of one common share and one-half of a share purchase warrant, with a whole warrant entitling the holder to purchase a common share at a price of $0.40 for a period of two years from closing.

The proceeds of the private placement will be used for mineral property exploration and for general working capital. The securities issued pursuant to the private placement will be subject to a hold period of four months and one day from the date of issuance. Completion of the private placement and payment of finder's fees, if any, is subject to the approval of the TSX Venture Exchange.

This press release is not for distribution in the United States or over United States wire services.

ON BEHALF OF THE BOARD

John LaGourgue President, COO and Director

For further information contact:

John LaGourgue (604) 568-6312 http:/www.volcanicmetals. com

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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