Volcanic Capital Corp. Grants Options

0B#700 – 510 West Hastings Street 1BVancouver, British Columbia V6B 1L8 2BTelephone: (604) 568-6312 Fax: (604) 687-7165

3BUNEWS RELEASE

February 3, 2010 SYMBOL – VOL

VOLCANIC CAPITAL CORP. GRANTS OPTIONS

Vancouver, February 3, 2010 – Volcanic Capital Corp. is pleased to announce that it has granted incentive stock options to its directors, officers and one non-investor relations consultant under its stock option plan for the purchase of up to 1,310,000 common shares of the Company. Each option is exercisable for a period of 5 years at a price of $0.16 per share. The grants are subject to the approval of the stock option plan by the TSX Venture Exchange Inc.

ON BEHALF OF THE BOARD

VOLCANIC CAPITAL CORP.

U/s/ Michael Iverson Michael Iverson President, Chief Executive Officer and Director

For further information contact:

John LaGourgue (604) 568-6312 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.

CW3192153.1