IFC (Member of The World Bank Group) Closes C$4,000,000 Investment in Volta Resources Inc.

TORONTO, March 22, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announces that,
further to its press release issued January 12, 2010 in which the Company
announced a proposed investment in Volta by the International Finance
Corporation (the "IFC"), the transaction has closed effective March 22, 2010.
The IFC invested C$4 million to acquire 5,405,404 Volta units (the "Units")
at a price of C$0.74 per Unit. Each Unit consists of one common share of the
Company and one half of a common share purchase warrant (each, a "Warrant").
Each Warrant is exercisable into one common share of the Company at an
exercise price of C$1.03 at any time up to March 23, 2015 (the "warrant
exercise period"). The expiry date of the Warrants is subject to acceleration
if at any time during the warrant exercise period, the 15-day volume weighted
average price ("VWAP") of Volta's common shares exceeds C$1.55.

The IFC has the right to make further equity investments in Volta of up
to C$4 million in minimum individual amounts of C$1 million for a period of
twelve calendar months following March 22, 2010 at a price equal to the
greater of the VWAP for the 15 trading days preceding the delivery of the
option notice less a 15% discount, and the VWAP for the 5 trading days
preceding the delivery of the option notice less a 20% discount, if the share
price is less than or equal to C$2.00 or, at the price equal to the greater
of the VWAP for 15 trading days preceding the delivery of the option notice
less a 15% discount, and the VWAP for the 5 trading days preceding the
delivery of the option notice less a 15% discount, if the share price is
greater than C$2.00. The optional subscription is subject to the receipt of
all necessary regulatory approvals.

The proceeds from the IFC investments will be used to finance further
exploration activities at Volta's flagship Kiaka Gold Project in Burkina
Faso, West Africa and for working capital.

The World Bank and the IFC work together to help countries and companies
ensure that the benefits of resource development are sustainable. The IFC
supports private sector investment in extractive industries by working with
investors and communities to enable these communities to enjoy concrete
benefits such as jobs, improved infrastructure, and economic opportunities.
The IFC provides companies with a range of financial products during the
development cycles of their projects and has invested over US$73 billion in
emerging markets since 1956. It has provided financing to various mining
projects in West Africa, including Newmont's Ahafo gold mine in Ghana,
AngloGold Ashanti's Obuasi and Iduapriem mines in Ghana, and Sadiola in Mali.
For more information on the IFC visit www.ifc.org.

Volta is a mineral exploration company primarily focused on becoming a
leader in the identification, acquisition and exploration of gold properties
in West Africa. The Company is committed to West African exploration and is
Canadian-based with its head office in Toronto, Ontario and operations
offices in Accra, Ghana and Ouagadougou, Burkina Faso.

Forward Looking Information Caution:

This press release presents "forward-looking statements" within the
meaning of Canadian securities legislation that involve inherent risks and
uncertainties. Forward-looking statements include, but are not limited to,
statements with respect to the future price of gold and other minerals and
metals, the estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the capital expenditures, costs and timing of the
resources, the realization of mineral reserve estimates, the capital
expenditures, costs and timing of the development of new deposits, success of
exploration activities, permitting time lines, currency exchange rate
fluctuations, requirements for additional capital, government regulation of
mining operations, environmental risks, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage. Generally,
these forward-looking statements can be identified by the use of forward
looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Volta to be materially different
from those expressed or implied by such forward looking statements, including
but not limited to: risks related to international operations, risks related
to the integration of acquisitions; risks related to joint venture
operations; actual results of current exploration activities; actual results
of current or future reclamation activities; conclusions of economic
evaluations; changes in project parameters as plans continue to be refined;
future prices of gold and other minerals and metals; possible variations in
ore reserves, grade or recovery rates; failure of equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the
mining industry; and delays in obtaining governmental approvals or financing
or in the completion of development or construction activities. Although the
management and officers of Volta believe that the expectations reflected in
such forward-looking statements are based upon reasonable assumptions and
have attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. Volta
Resources does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with applicable
securities laws.

For further information: please refer to our website
www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President &
CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email:
kbullock@voltaresources.com

For further information: please contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email: kbullock at voltaresources.com