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Gold/Mining/Energy : Vulcan Minerals - C.VUL -- Ignore unavailable to you. Want to Upgrade?

To: Len Hynes who wrote (148)	2/9/1999 6:03:00 PM
From: Len Hynes	Respond to of 415

The "diamond hunt" is slowly but surely progressing in a number of areas in Alberta with companies like Ashton,Montello,New Claymore,Troymin,Everett,Vulcan Minerals,Buffalo Diamonds etc. actively engaged in airborne,ground magnetics and drilling programs.The Calling Lake area seems to be attracting a good deal of attention as several companies are moving forward methodically in advancing their exploration programs to the drilling stage. The latest from Vulcan Minerals(Feb 9/99)indicates a minimum of 14 high priority targets out of a total of 24 possible targets for kimberlites.Here is the complete press release for investors who are carefully following exploration developments in the general area of Calling Lake: Vulcan Minerals Inc. - Multiple Magnetic Targets for Kimberlites in Alberta Stock Symbol: VUL:ASE Shares issued: 9,519,500 ST. JOHN'S, NF, Feb. 9 /CNW/ - Vulcan Minerals Inc. (the company, ASE:VUL) is pleased to report on the results of its recent high-resolution magnetic survey in Alberta (news release December 1, 1998). The survey was designed to test for magnetic anomalies characteristic of kimberlites along a portion of the Snow Bird Tectonic zone, a major northeast-southwest trending geologic structure near Lac la Biche. Spectra Aviation Services carried out the acquisition program and Geophysical Exploration and Development Corporation (GEDCO) of Calgary processed and interpreted the data for the identification of possible targets for kimberlites. GEDCO reports the identification of twenty-four (24) targets that have magnetic characteristics that could be caused by kimberlite diatremes. Three (3) targets are categorized as rank I targets, being the best quality prospects. Eleven (11) targets are categorized as rank II and ten (10) targets are categorized as rank III. As well, four (4) additional targets were selected on the basis of their reverse magnetic signatures and given the lowest rank IV rating. GEDCO also notes that there are other interesting targets within the data that may be considered for examination if the ranked targets prove to be kimberlites. Only drill testing will confirm or deny the existence of kimberlites. Based on the survey results and the geologic setting of the Lac la Biche area Vulcan is formulating an exploration strategy to follow-up the targets identified. Vulcan owns 100% interest in metallic and industrial mineral permits covering approximately 2.1 million acres in Alberta as part of its search for diamondiferous kimberlites. The Alberta Stock Exchange neither approves nor disapproves of the information contained herein. -30- For further information: Mr. Patrick Laracy, President of Vulcan Minerals Inc. at (709) 754-3186, fax (709) 754-3946 or Email: laracy@thezone.net, Website: info-mine.com

To: Len Hynes who wrote (148)	2/12/1999 6:30:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 415

Hi Vulcan Shareholders: Sit Back and Watch The Action!!!! My sources have confirmed that Pan Canadian spud a well on the Port au Port peninsula of Newfouldland on Wednesday,February 10/99.This long awaited drilling should catch the attention of investors who are looking for a "fresh" investment in the oil patch. This well is being drilled in North America's last unexplored sedimentary basin. According to Alan Boris, a spokesman for Pan Canadian, this well will be drilled to a target about 2400 metres down and is expected to take about three months. Investors may remember that Pan Canadian and Hunt Oil drilled a successful well (Port au Port #1) in 1995....test results indicated the presence of high quality light oil in significant quantities.....up to 5012 barrels of oil and 9.19 million cubic feet of gas a day over a test period of nine days. Vulcan Minerals Inc. , the only active junior oil company in the area has pledged to shareholders that it will drill a well on its Flat Bay concession before May 31/99(25 km from Shoal Point) . In November 1996 Vulcan drilled a test hole to 500 ft. and bottomed in a 50 ft. interval of petroliferous conglomerate which bled light brown,non-biodegraded oil . Subsequently, Vulcan has carried out a seismic program and has identified favorable drill targets through the integration of magnetic,gravity,seismic and geologic data. Additionally, in January,1998, Vulcan was the successful bidder on three large offshore petroleum licences in the Gulf of St. Lawrence adjacent to the coast of Western Nfld. This makes Vulcan Minerals the largest landholder and the only junior public company in the area. Look for investors who follow prospective oil plays to begin giving this play serious attention in the weeks ahead. Investors interested in following this play should follow the company's discussion thread on Silicon Investor site or visit Vulcan's website at: info-mine.com