IFC to Invest up to $8,000,000 in Volta Resources

TORONTO, January 12 - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announces
that it has signed a Proposal Letter with the International Finance
Corporation ("IFC"), a member of the World Bank Group. Pursuant to the
Proposal Letter the IFC would initially invest up to C$4 million to acquire
up to 5,405,405 million Volta units ("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
share purchase warrant. Each full share purchase warrant is exercisable
into one common share of the Company at an exercise price of C$1.03 for a
period of five years. The expiry date of the warrants would be accelerated
if at any time during the warrant exercise period, the 15-day volume
weighted average price ("VWAP") exceeds C$1.55.

The IFC would have the right to make further equity investments of up
to C$4 million, in minimum individual amounts of C$1 million, at a price
equal to the greater of the VWAP of the 15 trading days preceding the
subscription date proposed, less a 15% discount, and the VWAP of the 5
trading days preceding the subscription date less a 20% discount, for a
period of twelve calendar months following the date the initial IFC
Investment is made. The IFC will also be granted a right to maintain its
pro rata interest in Volta.

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

"Volta Resources represents a sound investment opportunity for IFC
while meeting our project funding criteria. These include the requirement
that such projects be technically sound, have good prospects of being
profitable and benefit the local economy" said William Bulmer, Global Head
of Mining for the IFC.

Volta welcomes the IFC proposed investment and believes the extensive
experience of the IFC in developing major projects in emerging countries
throughout the world will greatly assist Volta in advancing its Kiaka Gold
Project in Burkina Faso, West Africa.

The World Bank and 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.

Closing of the transaction is expected to occur in late February 2010.
Closing is subject to customary closing conditions including execution of
definitive documentation and receipt of all necessary approvals and
consents, including the approval of the Toronto Stock Exchange.

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 Inc. 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-(416)-867-2299, Fax: +1-(416)-867-2298,
Email: kbullock@voltaresources.com

For further information: please refer to our website www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1-(416)-867-2299, Fax: +1-(416)-867-2298, Email: kbullock at voltaresources.com