VOL Volatus Aerospace Corp

Volcanic Metals Corp. ("Volcanic") (TSX VENTURE:VOL) is pleased to announce that
it has closed its non-brokered private placement announced on September 21,
2010, issuing a total of 3,661,501 flow-through common shares (the "Shares") at
a price of $0.15 per Share for gross proceeds of approximately $549,225. The
Shares are subject to a hold period expiring February 16, 2011.


Volcanic will use the offering proceeds to fund the initial exploration and
drilling of a test well on each of Aldon Oils Ltd.'s 320-acre Viewfield Property
and Brownstone Resource Ltd.'s 6,400-acre Moosomin Property, both located in the
Southeast Saskatchewan Bakken resource play. Volcanic will earn a 15% working
interest in the Viewfield test well, and a 12.5% working interest in the
Moosomin test well. Following the completion and evaluation of the test wells,
Volcanic will have the option to continue participating in the projects.


John LaGourgue, President of Volcanic states, "We are very pleased at the
opportunity to participate in the evaluation of these two prospective stage
projects with Aldon and Brownstone, both very successful and experienced
exploration and drilling companies focused on the Bakken."


For more information, please visit the company website at www.volcanicmetals.com.

ON BEHALF OF THE BOARD

VOLCANIC METALS CORP.

John LaGourgue, President, Chief Executive Officer and Director

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