Mr. Mike Iverson Announces Early Warning Report Regarding Shareholdings in Volcanic

NEWS RELEASE

FOR IMMEDIATE RELEASE

MR. MIKE IVERSON ANNOUNCES EARLY WARNING REPORT REGARDING SHAREHOLDINGS IN VOLCANIC

December 20, 2013 – Vancouver, BC – Mike Iverson, of Langley, BC, purchased (the "Acquisition") 4,000 common shares of Volcanic Metals Corp. (the "Company") through the facilities of the TSX Venture Exchange at a price of $0.045 per common share. Following the Acquisition, Mr. Iverson now has ownership and control over a total of 622,300 common shares of the Company representing 13.44% of the issued and outstanding common shares of the Company, as well as 185,000 share-purchase warrants (the "Warrants") in the Company and 10,000 options (the "Options") to purchase common shares in the Company.

On exercise of the Warrants and Options, Mr. Iverson would own 817,300 common shares of the Company, representing 16.94% of the issued and outstanding common shares of the Company on a partially-diluted basis.

Mr. Iverson holds his securities in the Company for investment purposes and has no present intention to acquire further securities of the Company, although he may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

A copy of the Early Warning Report filed with the applicable securities regulators regarding the above grant is available on SEDAR (www.sedar.com).

For further information please contact Mr. Iverson at 604-568-6312.

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