Volcanic Announces Additional $150,000 Private Placement

VOLCANIC METALS CORP.

Suite 700, 510 West Hastings Street Vancouver, BC V6B 1L8 Tel: (604) 568-6312 / Fax: (604) 357-1419

For Immediate Release TSX-V: VOL

VOLCANIC ANNOUNCES ADDITIONAL $150,000 PRIVATE PLACEMENT

January 26, 2011 – Vancouver, BC, Canada. Further to its news release of January 19, 2011, Volcanic Metals Corp. (the "Company") is pleased to announce that it will undertake an additional non-brokered private placement of up to 500,000 units at a price of $0.30 per unit for gross proceeds of up to $150,000. Each unit will consist of one common share and one-half of a warrant, a full warrant being exercisable into a common share at a price of $0.40 for a period of 24 months. The securities issued pursuant to the private placement will be subject to a four month hold period from closing. Completion of the private placement and the payment of any finder's fees remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

VOLCANIC METALS CORP.

/s/ John LaGourgue

John LaGourgue President, Chief Executive Officer 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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