Volcanic Capital Corp.(“Volcanic” or the “Company”) is pleased to announce that its filing statement dated as of November 27, 2009 (the “Filing Statement”) has been filed on SEDAR and may be viewed at www.sedar.com. The Filing Statement describes the Company’s proposed qualifying transaction (the “Qualifying Transaction”) with Cougar Mining Sh.p.k., a private Albanian corporation (“Cougar”), and the two shareholders of Cougar, as required by Policy 2.4 of the TSX Venture Exchange (the “Exchange”).

The Company is a Capital Pool Company listed for trading on the Exchange, which has agreed to purchase all of the issued and outstanding shares in the capital of Cougar from the shareholders of Cougar in consideration for the issuance of 2,600,000 common shares in the capital of Volcanic and the grant of a 2.5% net smelter returns royalty, half of which may be repurchased by Volcanic, and as more particularly described in the press release dated August 11, 2009. This transaction is intended to be the Company’s Qualifying Transaction under the policies of the Exchange. The Company anticipates completing the Qualifying Transaction upon the later of: (a) December 9, 2009; and (b) the date the Company receives confirmation from applicable Albanian authorities that Cougar’s applications to convert its current prospecting concessions into exploration concessions have been approved.

Final approval of the Exchange is conditional upon the filing of all outstanding documents required by Policy 2.4.  Investors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.  Trading in the securities of a capital pool company should be considered highly speculative.

ON BEHALF OF THE BOARD OF VOLCANIC CAPITAL CORP.

/s/ Michael Iverson
Michael Iverson,
President, CEO and Director

For further information contact:
Michael Iverson, President
Phone: 604.687.7160

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release regarding the Company’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as the statement that: (i) the transaction is intended to be the Company’s Qualifying Transaction; (ii) the Company anticipates that the closing date will be the earlier of: (a) December 9, 2009; and (b) the date the Company receives confirmation from applicable Albanian authorities that Cougar’s applications to convert its current prospecting concessions into exploration concessions have been approved; and (iii) approval of the transaction is conditional upon the filing of all outstanding documents in accordance with Exchange policies. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties including the risk that: (i) the transaction may not close for any reason; and (ii) refusal of the Exchange to provide final approval of the transaction for any reason.  Actual results in each case could differ materially from those currently anticipated in such statements. Completion of the transaction is subject to a number of conditions, including but not limited to, final Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.