VOL Volatus Aerospace Corp

Volcanic Metals Corp. (TSX VENTURE:VOL) ("Volcanic") has arranged a non-brokered
private placement of up to six million units at a price of $0.25 cents per unit
for gross proceeds of up to $1.5-million. Each unit will comprise one common
share and one-half of a share purchase warrant, with a whole warrant entitling
the holder to purchase a common share at a price of $0.40 cents for a period of
two years from closing.


The proceeds of the private placement will be used for mineral property
exploration and for general working capital. The securities issued pursuant to
the private placement will be subject to a hold period of four months and one
day from the date of issuance. Completion of the private placement and payment
of finders' fees, if any, are subject to the approval of the TSX Venture
Exchange.


ON BEHALF OF THE BOARD

VOLCANIC METALS CORP.

John LaGourgue, President, Chief Operating Officer and Director

Volatus Aerospace (TSXV:VOL)
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