Vancouver, British Columbia.  Volcanic Capital Corp. (the “Corporation”)(TSX-V: VOL.P), a capital pool company, is pleased to announce that, further to its news release dated May 14, 2008, the Corporation has completed its brokered private placement (the “Offering”) led by Canaccord Capital Corporation (the “Agent”) of 7,000,000 common shares (each a “Share”) in the capital of the Corporation at a price of $0.10 per Share for aggregate gross proceeds of $700,000.

The Corporation reserved the offering price by way of a price reservation form filed with the TSX Venture Exchange (the “Exchange”) on April 17, 2008. The Shares issued pursuant to the Offering are subject to a hold period until October 21, 2008 in accordance with policies of the Exchange.

In connection with the Offering, the Corporation has paid to the Agent a cash commission equal to 8% of the gross proceeds of the Offering and a corporate finance fee. The net proceeds of the Offering will be used to identify, locate and consummate a Qualifying Transaction, as that term is defined in the policies of the Exchange.
 
ON BEHALF OF THE BOARD
 
“Bryan J.R. Slusarchuk”
Bryan Slusarchuk, Director
 
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED THIS NEWS RELEASE AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS NEWS RELEASE.
 
For further information, please contact:
 
Bryan Slusarchuk, Director
Telephone: (866) 433-3356