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VUL.V ·

Vulcan Minerals Inc. – Annual General Meeting Report

Shareholder Meetings

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

November 07, 2023

Vulcan Minerals Inc. – Annual General Meeting Report

St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” -

“Vulcan” TSX-V: VUL), announces that the shareholders approved all resolutions at

the annual general meeting of shareholders today in St. John’s NL. All four of the

individuals nominated for the board of directors were elected, being Patrick Laracy,

Philip E. Collins, Fraser Edison and Carson Noel. Shareholders also appointed MNP

LLP as auditors and approved the Company’s stock option plan.

About Vulcan

Vulcan Minerals is a precious and base metals exploration company based in St.

John's NL, with strategic land positions in multiple active Newfoundland gold

exploration and development belts . The Company has leveraged its exploration

exposure in most of this land position through equity ownership of other explorers

obtained by way of option and royalty agreements. It also holds approximately

30.5% of the outstanding shares in Atlas Salt (TSXV: SALT). Atlas Salt is developing

the Great Atlantic salt mine in western Newfoundland strategically located in the

robust road de-icing market of eastern North America.

We seek safe harbour.

For information please contact:

Patrick J. Laracy, P .Geo.

President

333 Duckworth Street, St. John's, NL, A1C 1G9

Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca

(709) 754-3186

[email protected]

www.vulcanminerals.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press

release includes certain “forward -looking information” and “forward -looking statements” (collectively

“forward-looking statements”) within the meaning of applicable Canadian securities legislation. All

statements, other than statements of historical fact, included herein, without limitation, statements relating

to the future operating or financial performance of the Company, are forward-looking statements. Forward-

looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”,

“believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events,

conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements in

this press release relate to, among other things: completion, delivery and timing of the referenced exploration

program and assumptions related thereto. Actual future results may differ materially. There can be no

assurance that such statements will prove to be accurate, and actual results and future events could differ

materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions

and projections on the date the statements are made and are based upon a number of assumptions and

estimates that, while considered reasonable by the respective parties, are inherently subject to significant

business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known

and unknown, could cause actual results, performance or achievements to be materially different from the

results, performance or achievements that are or may be expressed or implied by such forward -looking

statements and the parties have made assumptions and estimates based on or related to many of these

factors. Such factors include, without limitation: the timing, completion and delivery of the referenced

assessments and analysis. Readers should not place undue reliance on the forward-looking statements and

information contained in this news release concerning these times. Except as required by law, the Company

does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or

other factors, should they change, except as required by law.