VOL Volatus Aerospace Corp

Volcanic Metals Corp. (the "Company" or "Volcanic") (TSX VENTURE:VOL) is pleased
to announce that it has closed the financing announced on April 14, 2010 in the
amount of $1,199,000 in gross proceeds. The Company has issued 4,796,000 common
shares and 2,398,000 common share purchase warrants. The shares are restricted
from trading until September 19, 2010. The share purchase warrants can be
exercised into common shares until May 18, 2012 at a price of $0.40.


Hidden Placees: 93

ProGroup: Rich Soost - 100,000 and Christian Strigl - 50,000

Insiders: Jonathan Richards - 20,000

Agents Fees: Global Securities Corporation - $700 cash and 2,800 finder's
warrants; Macquarie Private Wealth Inc. - $7,175 cash and 28,700 finder's
warrants; Canaccord Financial Ltd. - $48,125 cash and 192,500 finder's warrants;
Raymond James Ltd. - $1,750 cash and 7,000 finder's warrants; TD Waterhouse -
$7,000 cash and 28,000 finder's warrants. Each Finder's warrant is exercisable
under the same price and conditions as the share purchase warrants issued in the
financing as defined above.


Volcanic intends to use the net proceeds of the Offering for exploration and
development of the Company's properties and for general working capital.


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.


ON BEHALF OF THE BOARD

VOLCANIC METALS CORP.

John LaGourgue, President, Chief Operating Officer and Director

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