Vulcan Minerals Inc. – Corporate Update
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
August 28, 2025
Vulcan Minerals Inc. – Corporate Update
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan”
TSX-V:VUL), is pleased to provide the following corporate update.
In February 2021, the Company entered into an option agreement with Sassy Gold Corp. (Sassy)
in relation to the Company's Gander Belt Gold mineral propert y. Subsequent to the date of this
agreement, Sassy assigned the option to Gander Gold Corporation (“Gander Gold”). Pursuant to
that agreement, Gander Gold and the Company have amended the 2025 option payment . The
Company will now receive , in stages by November 11 , 2025, 1,000,000 common shares of
Gander Gold instead of 500,000 common shares and a cash payment of $100,000 originally due
in 2025. Upon receipt of the amended 1,000,000 shares, the Company will own 1,177,240
common shares of Gander Gold. The Company also owns 800,000 common shares of Sassy.
The Company has had field crews on all its active projects, Colchester /Springdale, Red Cross
Lake and Carbonear over the summer. The focus was on prospecting various mineral showings
and geochemical soil anomalies, ground truthing some geophysical anomalies and optimizing
access to various potential drill targets. Recent forest fires in Newfoundland have delayed
activities on these projects but conditions are currently returning to normal for field access. A
technical update on these projects is forth coming with plans for further field work this fall.
The Company advises that the legal action by Geophysical Service Incorporated (GSI) against
the Company initiated in 2014 has been discontinued by GSI. It has been the Company’s position
since the start of litigation that this case had no basis or merit. The dropping of the case by GSI
confirms this and puts an end to this legal claim.
About Vulcan
Vulcan Minerals is a base and precious metals exploration company based in St. John's, NL with
strategic land interests in multiple active Newfoundland exploration and development belts. It
also owns approximately 30 per cent of the shares in Atlas Salt Inc. (TSXV: SALT). Atlas Salt is
currently developing the Great Atlantic salt mine in western Newfoundland.
Patrick J. Laracy, P. Geo., President, is the qualified person who has reviewed and approved the
technical contents of this news release as defined in National Instrument 43-101.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
We seek safe harbour.
For information please contact:
Patrick J. Laracy, P.Geo.
CEO and President
(709) 754-3186
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.