VULCAN COMPLETES GEOPHYSICAL WORK AT SALT WELLS

Salt Wells, NV - July 21, 2006 -- Vulcan Power Company today announced the completion of field work for two geophysical surveys at its Salt Wells, Nevada, geothermal production site. The results indicate the site shows tremendous promise as a location for geothermal energy production to meet Vulcan’s goal of developing 120 MW of renewable energy to service its signed power contract.

The first study was a 3-Point Schlumberger resistivity mapping investigation which led to an innovative E-SCAN 3-D resistivity report by Premier Geophysics US, Inc.  With the completion of the report, Vulcan geoscientists will now make decisions on optimal drilling locations at the site.  Vulcan anticipates beginning drill operations in the first quarter of 2007.