Consultant Options Issued

VOLCANIC METALS CORP.

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

CONSULTANT OPTIONS ISSUED

Vancouver, BC, Canada – June 4, 2010 – Volcanic Metals Corp. (the “Company” or “Volcanic”) (TSX-V: VOL) is pleased to announce that the Company has granted Consultants an aggregate of 250,000 stock options pursuant to the Company’s Stock Option Plan at an exercise price of $0.25 per share and exercisable up to and including June 3, 2015. The issuance of new options is subject to the approval of the TSX Venture Exchange.

About Volcanic Metals Corp.

Volcanic Metals Corp. is a mineral exploration company headquartered in British Columbia, Canada. The company’s focus is on the discovery of base and precious metal deposits of economic value in Albania. The Company is currently conducting the first ever geological evaluation by modern exploration methods of the Gjegjan Mining District located in northeastern Albania. The Company is listed on the Toronto Venture Exchange under the symbol VOL.

ON BEHALF OF THE BOARD

VOLCANIC METALS CORP.

/s/ John LaGourgue

John LaGourgue President, Chief Operating Officer and Director

For further information, contact:

Volcanic Metals Corp. Renmark Financial Communications Inc.

John LaGourgue Christine Stewart: [email protected] Tel.: (604) 568-6312 Barry Mire: [email protected] http://www.volcanicmetals.com Tel.: (514) 939-3989 or (416) 644-2020 www.renmarkfinancial.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