Vulcan Minerals Inc V.VUL

Nortec to Drill TL property at Voisey's

[lhynes]

Vulcan Minerals Inc. Receives TL-Nickel Property 2004 Exploration Results 12/15/04 Stock Symbol: TSX: VUL Shares issued: 28, 173,384 ST. JOHN'S, NL, Dec 15, 2004 (Canada NewsWire via COMTEX) -- Vulcan Minerals Inc. ("the Company" TSX-V: VUL) announces that it has received the following results from the completion of the Phase 1 work program on the TL Property, Northern Labrador from the operator, Nortec Ventures Corp, a TSX-V listed company. The program, as recommended by Dr. W.J. Scott P.Eng., P.Geo. of GeoScott Exploration Consultants of St. John's, Newfoundland, consisted of UTEM and Gravity surveys, along with detailed geological mapping. Two very strong and distinct coincident UTEM and gravity anomalies were identified on the property. The "B" Anomaly is located on the western portion of the claims and the data for the anomaly suggest that it has a dip 30 degrees to the east. Several ultramafic pyroxenite bodies outcrop to the west in places where the anomaly is projected to surface. Drill holes to the east of the anomaly by the previous operator intersected nickel bearing ultramafic dykes (up to 2.10% nickel), which could be small intrusions from a larger nickel bearing body related to this "B" Anomaly. The anomaly strikes 345 degrees on surface for 1600 metres. The gravity anomaly values reach up to 0.31 milligals and, from modeling, the UTEM conductance values are greater than 2000 Siemens at depths from 75 to 130 metres. Extensive drilling is planned to test the easterly extension of this anomaly at depth. Gravity and UTEM data for the "A" Anomaly located in the northeast of the property also suggest that the source for the anomaly is in a large ultramafic intrusive body. One of the previous operator's drill holes intersected and bottomed in 80 metres of gabbro in the vicinity of this anomaly. Two drill holes also intersected minor graphite near this anomaly. The anomaly trends north-south with a steep dip and was delineated for a distance of 1800 metres. Gravity anomaly values reach up to 0.28 milligals and the UTEM model conductance values are around 2000 Siemens at 50 to 65 m depth. Drilling is planned to examine the source for this anomaly. Nortec Ventures Corp. has announced a private placement to fund Phase II drilling on the TL property pursuant to an option agreement with the Company whereby Nortec has rights to earn a 51% interest in the property. The TSX Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For further information: please contact Mr. Patrick Laracy, President of Vulcan Minerals Inc. at Phone: [phone], Fax: [phone] or Email: info(at)vulcanminerals.ca, Website: www.vulcanminerals.ca News release via Canada NewsWire, Halifax 902-422-1411 Copyright (C) 2004 CNW, All rights reserved