Vulcan Minerals Inc. - Storm No. 1 reaches Total Depth

Stock Symbol:    TSX: VUL 
Shares issued:   28,398,385

ST. JOHN'S, Aug. 8 /CNW/ - Vulcan Minerals Inc. ("the Company"        
TSX-V: VUL) reports that the Storm No. 1 well has reached total depth at
880 meters having penetrated the target zones. No petroleum shows were
encountered as it appears the trap was not charged by petroleum source rocks.
Final evaluation of the well, however, will await geophysical logging which
will be carried out over the next few days. The Storm No. 1 location was the
first well ever drilled for petroleum in this part of the geologic section.
The geologic information gained will be very valuable in assessing other
targets in this area. Upon rig release from Storm No. 1 the rig will move
approximately 30 km south to the Hurricane No. 1 location recently farmed out
to Terralliance Technologies Canada Inc. (see news release August 2, 2005).
That well will penetrate a Lower Carboniferous section known to contain oil at
the Flat Bay discovery 20 km north. As well it will test deeper targets never
before drilled.

Vulcan is a junior exploration company focused on exploring for petroleum
in Western Newfoundland. The Company has an experienced management group and
is well funded to carry out a multi-well program in 2005. Vulcan owns
interests in approximately 250,000 acres in the Bay St. George Basin, which
has the potential to be a new petroleum basin in North America.

The TSX Venture Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

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