Vulcan Minerals Inc V.VUL

Vulcan Names Philip Collins to Board

[lhynes]

VULCAN MINERALS INC. 333 Duckworth St. St. John's, NFLD. CANADA A1C 1G9 Tel. [phone] Fax [phone] NEWS RELEASE February 3, 2005 Stock Symbol: TSX: VUL Shares issued: 28, 173,384 VULCAN MINERALS INC.-New Appointments-Options Proposed St. John's - Newfoundland - Vulcan Minerals Inc. ("the Company" TSX-V: VUL) is pleased to announce that Mr. Philip E. Collins has been appointed to the Board of Directors of the Company. Mr. Collins is currently the President & Chief Operating Officer of Meridian Energy Corporation of Calgary, Alberta. He is a geologist with over eighteen years of exploration experience in Western Canada with several companies including AEC Oil and Gas, Pamplona Energy and Corsair Exploration Inc. Mr. Collins brings technical exploration expertise to the board and an extensive industry network based in Western Canada. This appointment is subject to TSX Venture Exchange approval. The Company also announces the appointment of Ms. Karla Smith as Project Manager for the Company's ongoing petroleum exploration activities in Western Newfoundland. Ms. Smith holds a B. Eng from Memorial University of Newfoundland and has extensive engineering experience in oilfield operations. Most recently she was part of Schlumberger's Integrated Project Management group operating projects in France and Venezuela. Ms. Smith is also nearing completion of her Masters of Business Administration at Memorial University on a part-time basis. The Company proposes to issue 550,000 incentive stock options to Directors exercisable at $0.35 for a five-year period and 40,000 employee stock options exercisable at $0.35 for a two-year period subject to TSX Venture Exchange approval. The Company has reserved for issuance 2,817,338 shares pursuant to its Stock Option Plan of which 1,811,250 have been granted including the grant described herein. For information please contact Mr. Patrick Laracy, President of Vulcan Minerals Inc. at Phone: [phone], Fax: [phone] or Email: [e-mail], Website: www.vulcanminerals.ca The TSX Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.