Volcanic Metals Corp. (TSX VENTURE:VOL) ("Volcanic") is pleased to announce that
it has initiated operations and is conducting the first ever airborne
geophysical survey over the Gjegjan Mining District in Albania. 


Volcanic's Gjegjan project encompasses the former Gjegjan Mine. The Gjegjan
volcanogenic massive sulfide (VMS) deposit was estimated to contain 4.4Mt of ore
at an average grade of 3.3% copper (Albanian Geological Survey) and was mined by
open pit and underground methods from 1961 to 1993. The deposit is reported to
be Albania's largest copper deposit hosted within a distinct volcano-sedimentary
sequence exposed in the northeast and northwest parts of Albania. 


Volcanic holds a 100% interest in a 200km2 Exploration License that covers a 65
kilometre stretch of the prospective volcano-sedimentary sequence in
northeastern Albania. Outside the immediate surroundings of the Gjegjan deposit,
no systematic and sustained exploration for additional VMS deposits was
conducted by the Albanian Geological Survey (AGS) over the southwestern extent
of the prospective volcano-sedimentary sequence. Despite the limited amount of
past work, several copper-(zinc)-(gold) bearing sulfide occurrences were
discovered in the south-central portion of the Exploration License by the AGS. 


Initial ground induced polarization (IP) geophysical surveying over an area
conducted two kilometers to the northeast of the Gjegjan Mine identified several
chargeability anomalies interpreted to trace sulfide bearing horizons. The
geophysical anomalies represent targets of immediate interest and additional
ground geophysical surveying and drill testing is planned. 


Geotech Airborne Ltd. ("Geotech") has been contracted to conduct a combined
high-resolution helicopter-borne magnetic and electromagnetic (EM) geophysical
survey for approximately 1,248 line-kilometres in two survey grids. Line spacing
will be 125m on the North grid (Gjegjan deposit survey area), and 200m spacing
on the South grid. Geotech will be utilizing their Versatile Time Domain Electro
Magnetic System ("VTEM") in order to identify massive sulfide concentrations.
The Geotech VTEM system provides the latest in deep penetrating EM geophysical
surveying technology and exhibits significant advantages over other commercially
available systems. Cougar Mining (now a 100% owned subsidiary of Volcanic)
commenced operations in early January and Volcanic is awaiting the processing
and geophysical modeling from the first flights. Approximately 60% of the
property has been flown to date. The contract is a CDN$300,000 commitment. More
information about the technology is available at Geotech's website
www.geotechairborne.com.


About Volcanic Capital Corp.:

Volcanic Metals Corp. is a mineral exploration company focused on exploring the
historic Gjegjan Mining District in northeastern Albania. The Gjegjan project
consists of a 200 km2 Exploration License covering a volcano-sedimentary
sequence exposed on the eastern edge of the Mirdita Ophiolite Belt. The
volcano-sedimentary sequence is deemed by Volcanic to be highly prospective for
the discovery of copper-rich volcanogenic massive sulfide (VMS) deposits. Within
the belt, significant copper production has come from the Gjegjan Mine located
in the northeast portion of the Exploration License and east of the town of
Kukes (mine area excluded from Volcanic's Exploration License). The Gjegjan
copper mine is recognized as the largest historical VMS deposit in Albania
hosted within the volcano-sedimentary sequence. No modern mineral exploration
techniques were utilized on the property before Volcanic's airborne Geophysical
Survey. Results from the first ever airborne EM survey on the property will be
used to identify massive sulfide bodies for exploration. These bodies, along
with previously identified bodies, will be immediate targets for ground
follow-up and potential drilling in 2010. 


ON BEHALF OF THE BOARD 

Michael Iverson, President, Chief Executive Officer and Director
Volatus Aerospace (TSXV:VOL)
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