VOL Volatus Aerospace Corp

Volcanic Metals Corp. ("Volcanic") (TSX VENTURE:VOL) - 

Announcement Highlights:



--  historical data recently received by Volcanic includes reports of
    significant Copper mineralization in Southern Block of District 
--  interpretation of Volcanic airborne geophysical data from the Southern
    Block underway 
--  multiple new targets now identified, early into examination of data from
    Southern Block 



Volcanic Metals Corp. is pleased to report that an evaluation of the southern
portion of the company's wholly owned 200 sq km Gjegjan exploration permit has
commenced. Early into this examination, several targets of interest are
developing including high priority targets in the south-central part of the land
holdings, namely the Arrmolle-Pregjelura area, where several sulphide showings
were discovered in the 1970's.


Volcanic recently completed a high-resolution magnetic-electromagnetic airborne
geophysical survey that covered the northern and southern blocks of the
exploration permit. While data from the northern block has been assessed and
compiled, resulting in the identification of multiple high priority exploration
targets, data from the southern block is being compiled now and is not yet
complete. A full compilation of geophysical targets in the south is expected in
a few weeks.


While the northern block was home to a significant past producer, the Gjegjan
mine, the southern block remains relatively under explored with little or no
drilling in most key areas. Topography is more challenging in the southern block
and this posed difficulty for past state-run exploration programs which did not
have the benefit of modern exploration equipment. Also, it is important to note
that the geological enterprise that historically had jurisdictional control of
key areas in the southern block had a chromite focus so very limited work was
focused on copper and other metals despite the highly prospective setting for
these metals.


Volcanic has obtained information as a result of data compilation work that has
been initiated. This information has brought attention to multiple
under-explored areas in the south along the continuation of the prospective
stratigraphy that hosts the Gjegjan deposit. These areas are best described in a
historical report prepared in the mid-90's by Southampton Associates Inc. The
report, and other historical information, is not compliant with NI 43-101
reporting standards but the company believes serves as a useful guide for modern
exploration efforts. In part, the report reads;


"Mineralization has also been discovered in outcrop at Surroj, which lies nine
kilometers south-southwest of Gjegjani. Here the geology is severely complicated
by thrusting, and the mineralization consists of three occurrences of angular
blocks or clasts of Gjegjani-type sulphides lying at the same stratigraphic
horizon as Gjegjani, spread over approximately 500 meters. These were discovered
in the early 1970s, and one deep hole was drilled, mainly for stratigraphic
purposes, in the southern part of the area in 1976. Drilling has not been able
to confirm the surface geology as originally interpreted, but it did find
scattered sulphide mineralization in the section.


Starting some 15 kilometers south-southwest of Surroj, a belt some 20 kilometers
long stretching from Arren through Arrmolle and Pregjelura to Mbasdeje has
yielded showings of similar Gjegjani-type sulphides in appropriate stratigraphy
directly underlying the thrust plane. This mineralization has been encountered
in outcrop, trenches and drill holes, and in limited underground work, and is
usually present as clasts within the stratigraphy. In Armolle, however, the
sulphides (discovered in 1970) extend for at least 100 meters along strike, may
reach four meters in thickness and up to 15 per cent Cu in grade locally. Over
the total four meter thickness, GJEOALBA reports that grades vary from two to
seven per cent Cu, averaging approximately three per cent Cu. Underground work
has confirmed the mineralization ten meters below the outcrop, but the area is
within the jurisdiction of the Bulqiza Geological Enterprise whose main focus is
chromite, so only limited follow-up work has been carried out.


At Pregjlura, some 40 kilometers south-southwest of Gjegjani, clasts of
sulphides are found in outcrop over a 600 x 250 meter area, grading up to four
per cent Cu. The sulphides are less tectonically deformed than at Arrmolle and
are locally continuous over distances of 20-60 meters. Drill follow-up in two
holes has demonstrated continuity of the sulphides over 100 meters, in a two
meter thick zone along the thrust plane.


GJEOALBA believes that the clasts of sulphides discovered in these areas are the
result of tectonic dismembering of a discrete sulphide body. At Mbasdeje, for
example, a 2,000 tonne block of sulphides grading five per cent Cu was
discovered over 30 years ago, and it was mined and shipped to the Rubiku
processing plant. The area as a whole has seen limited follow-up work, partly
due to political difficulties in Albania."


Volcanic technical team members will be combining results from the airborne
geophysical data interpretation with the historical data compilation that is
ongoing in the southern block. The team is developing a significant inventory of
high priority geological, geophysical and geochemical exploration targets in
both the north and the south of this large and historically prolific Copper
Mining District. In addition to copper, Volcanic will be conducting the first
ever exploration for other metals of focus including gold and silver.


Renmark Financial Communications Inc.

Volcanic is also pleased to announce that it has retained the services of
Renmark Financial Communications Inc. to handle its investor relations
activities.


"We are pleased to announce that we have selected Renmark to reinforce
Volcanic's profile in the financial community and enhance the visibility of our
project portfolio. We chose Renmark because its standards and methodologies fit
best with the message we wish to communicate to the investing public," noted
John LaGourgue, President and Chief Operating Officer of Volcanic.


About Volcanic Metals Corp.

Volcanic Metals Corp. is a mineral exploration company headquartered in British
Columbia, Canada. The company's focus is on the discovery of base and precious
metal deposits of economic value in Albania. The Company is currently conducting
the first ever geological evaluation by modern exploration methods of the
Gjegjan Mining District located in northeastern Albania. The Company is listed
on the Toronto Venture Exchange under the symbol VOL.

Rock Lefrancois, P.Geo., Director of Volcanic and Qualified Person as defined by
National Instrument 43-101, has verified the technical content of this News
Release.


ON BEHALF OF THE BOARD

VOLCANIC METALS CORP.

John LaGourgue, President, Chief Operating Officer and Director

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