Vulcan Minerals Inc. – Petroleum deposits refunded-Options issued
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
News Release
April 30, 2018
Stock Symbol: TSX-V:VUL
Vulcan Minerals Inc. – Petroleum deposits refunded-Options issued
St. John’s Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-
V:VUL) announces that Investcan Energy Corporation (Investcan), the operator of petroleum permits
96-105, 03 -106, and 03 -107 in western Newfoundland, have relinquished the permits back to the
province of Newfoun dland and Labrador. This extinguishes the Company’s royalty interests in those
permits. The relinquishment occurred after Investcan successfully abandoned all of the wells and
reclaimed all of the petroleum drill sites on the petroleum permits. As a result the Company has
received a cash payment from Investcan in the amount of $286,000.00 as a full refund of the various
government reclamation deposits that were posted by the Company.
The Company acknowledges , with appreciation, receipt of $7 ,186.00 in a Junior Exploration Assistance
grant from the province of Newfoundland and Labrador in relation to the 2017 work program carried
out on its Springdale copper - gold project.
The Company also announces that it has granted 2,750,000 share purchase stock options (options) to
Directors, management advisory board members and employees. The options are exercisable at $ 0.10
for a period of five years. Fifty percent of the options vest immediately and 50% vest on December 31st
2019. The Company has reserved 5,852,613 listed shares for issuance under its stock option plan, of
which 2,350,000 options have been issued prior to the current issue.
Vulcan is a diversified company with mineral exploration and development interests in Newfoundland
and Labrador. The Company owns approximately 67% of the outstanding shares in Red Moon Resources
Inc (TSX-V: RMK).
We seek Safe Harbor.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release. This release may contain certain forward -looking statements. Actual events or
results may differ from the Company’s expectations. Certain risk factors beyond the Company’s co ntrol
may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
forward-looking information. Except by law, the Company undertakes no obligation to publicly update or
revise forward-looking information.
For information please contact:
Patrick J. Laracy, President
(709) 754-3186
www.vulcanminerals.ca