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To: Berry Picker who wrote (7976)	8/25/2009 3:31:51 PM
From: Goose94	Read Replies (2) \| Respond to of 233944

Vulcan Minerals (VUL-V) drilling ahead at Robinson's No. 1 well News Aug 25, '09 Vulcan Minerals (VUL-V) has provided a drilling update. A 9-5/8-inch casing has been set and cemented at 2,057 metres in the Vulcan-Investcan Robinson's No. 1 well. The well is currently drilling ahead at 2,155 metres. The well is a frontier wildcat well designed to test a seismically defined structure in the Carboniferous aged Bay St George basin onshore western Newfoundland. The structure and offsetting play area could exceed 100 square kilometres in aerial size. It is being carried out pursuant to a 50/50 joint venture with Investcan Energy Corporation. The Bay St. George basin has a proven active petroleum system confirmed by several wells which have encountered oil and gas shows at depths less than 1000 metres deep. The Robinson's #1 well will be the first deep well in the basin interpreted to penetrate a stacked sequence of sandstones and shales favourably located to the source rock area which will optimize the charging of potential reservoir rocks. The company is permitting two additional locations for follow up wells following Robinson's #1 in an attempt to systematically explore the three petroleum permits covering approximately 250,000 acres held by the Vulcan-Investcan joint venture. Two of the permits, 03-106 and 03-107 are due to expire in February 12, 2010. If petroleum discoveries are made on the permits, the permits are extended upon filing a development plan application towards obtaining a production lease subject to regulatory approval. The Company also expects to be participating, subject to financing, in an upcoming drilling program at Parsons Pond, western Newfoundland where Nalcor Energy recently acquired majority ownership and operatorship. The company owns an average 12% working interest over three onshore Parson's Pond permits. Exploration plans for this area are expected to be announced in the near future.