New Gold Discovery on Volta’s Gaoua Project in Burkina Faso

TORONTO -

- Nassara Trench Results (20.5m (at) 3.56 g/t gold) Confirm Significant New Gold Zone

Volta Resources Inc. (”Volta” or the “Company”) (TSX:VTR) announces gold assay results from a soil sampling and scout trenching program carried out over the new Nassara prospect on its wholly-owned Gaoua project in southwestern Burkina Faso. Initial trench results have identified a mineralized interval of 44 meters at 1.82g/t gold including 20.5 meters at 3.56g/t gold.

These results confirm the overall prospectivity of the southern portion of the Boromo Greenstone Belt, which includes Volta’s Gaoua copper-gold porphyry deposits (Gongondy, Dienemera and Mont Biri), Ampella’s Konkera prospect on the Tiopolo permit and a new artisanal gold rush underway at Tionor on the Diouloumba permit. These gold prospects all occur within similar northwesterly striking structural settings (see figure 1).

Kevin Bullock, Volta’s President and CEO, said, “These results, along with the overall high level of activity in the Boromo Belt, further suggest the emergence of a new gold district in a region where Volta has a large land position. We will be conducting further exploration programs in order to define optimal targets for a strategic drilling campaign at Nassara.”

The Nassara prospect is located in the southwestern corner of the Danyoro permit, one of the three contiguous permits held by Volta, which together comprise the Gaoua project. The prospect was initially identified during previous regional geological mapping and soil geochemical surveys (250×250m). Recent in-fill soil geochemical surveying (50×125m) confirmed the presence of extensive gold-in-soil anomalism coincident with a pronounced northwest striking airborne magnetic lineament (see figure 2). The gold-in-soil anomaly, best outlined by the 20ppb contour, has been continuously traced over more than 4km to date and remains open in both directions. Along the anomalous trend, gold values greater than 0.1g/t Au (100ppb) are relatively common with several peak values exceeding 1g/t Au.

The initial reconnaissance trench, designed to test the in-situ saprolite was excavated across the soil geochemical anomaly. The trench is 186m long and ranges from 1.0 meter to 2.0 meters deep. The trench intersected two mineralized intervals: 16m (at) 0.57g/t Au and 44m (at) 1.82g/t Au and confirms that the mineralization is spatially associated with a typical shear zone setting (see figure 2). Highlights of the trenching program are presented in table 1; details are shown in table 2.

Table 1: Trench highlights. ——————————————————- From (m) To (m) Interval (m) Gold (g/t) ——————————————————- -4.0 12.0 16.0 0.58 ——————————————————- 65.0 109.0 44.0 1.82 ——————————————————- Including 71.5 92.0 20.5 3.56 ——————————————————-

NOTES:

1) Intersections are based on a 0.2 g/t Au cut-off with no top cut applied. Internal dilution (less than 0.2 g/t Au) has been applied to a maximum of 1m, except for the mineralized interval of 44m where a maximum internal dilution has been carried to 3m.

2) Dry samples were collected at 0.5 to 1m intervals. These wereriffle-split to provide 2 kg samples sent to the laboratory. Wet samples were dried in the field and similarly riffle-split.

3) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge.

4) Standards and blanks were inserted every 30 samples, field duplicates about every 40 to 50 samples. The blanks, certified standards and duplicate assays confirm that all assays used to compile the intersections quoted here have passed Volta’s rigorous QA/QC checks.

Additional trenching is planned to test the anomaly at several other positions along the 4 kilometer gold anomaly defined so far. In addition, further infill soil sampling will be undertaken to extend the anomaly along the magnetic lineament which extends for more than 10 kilometers on Volta’s Danyoro permit. This work will be undertaken as soon as the rainy season abates sufficiently to permit access, possibly by early November. Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua project is Mr Guy Franceschi, Vice President, Exploration for Volta. Mr Franceschi is a member of the European Federation of Geologists and has reviewed and approved the contents of this news release.

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.

To view Figures 1 and 2 please visit the following URL: files.newswire.ca/407/volta.doc

Table 2: Mineralized portion of Trench 1 —————————————————————- Gold Grade From To Interval (m) (ppm) —————————————————————- -4.0 -5.0 1.0 0.05 —————————————————————- -3.0 -4.0 1.0 0.56 —————————————————————- -2.0 -3.0 1.0 0.35 —————————————————————- -1.0 -2.0 1.0 0.51 —————————————————————- 0.0 -1.0 1.0 0.78 —————————————————————- 0.0 1.0 1.0 0.68 —————————————————————- 1.0 2.0 1.0 0.60 —————————————————————- 2.0 3.0 1.0 0.49 —————————————————————- 3.0 4.0 1.0 0.56 —————————————————————- 4.0 5.0 1.0 0.58 —————————————————————- 5.0 6.0 1.0 0.25 —————————————————————- 6.0 7.0 1.0 0.30 —————————————————————- 7.0 8.0 1.0 0.10 —————————————————————- 8.0 9.0 1.0 0.51 —————————————————————- 9.0 10.0 1.0 1.40 —————————————————————- 10.0 11.0 1.0 1.05 —————————————————————- 11.0 12.0 1.0 0.54 —————————————————————- 12.0 13.0 1.0 0.02 —————————————————————- 13.0 14.0 1.0 0.01 —————————————————————- 14.0 15.0 1.0 0.01 —————————————————————- 15.0 16.0 1.0 0.01 —————————————————————- 16.0 17.0 1.0 0.01 —————————————————————- 17.0 18.0 1.0 0.01 —————————————————————- 18.0 19.0 1.0 0.01 —————————————————————- 19.0 20.0 1.0 0.01 —————————————————————- 20.0 21.0 1.0 0.01 —————————————————————- 21.0 22.0 1.0 0.01 —————————————————————- 22.0 23.0 1.0 0.01 —————————————————————- 23.0 24.0 1.0 0.01 —————————————————————- 24.0 25.0 1.0 0.01 —————————————————————- 25.0 26.0 1.0 0.01 —————————————————————- 26.0 27.0 1.0 0.01 —————————————————————- 27.0 28.0 1.0 0.03 —————————————————————- 28.0 29.0 1.0 0.06 —————————————————————- 29.0 30.0 1.0 0.10 —————————————————————- 30.0 31.0 1.0 0.40 —————————————————————- 31.0 32.0 1.0 0.26 —————————————————————- 32.0 33.0 1.0 0.03 —————————————————————- 33.0 34.0 1.0 0.04 —————————————————————- 34.0 35.0 1.0 0.04 —————————————————————- 35.0 36.0 1.0 0.02 —————————————————————- 36.0 37.0 1.0 0.03 —————————————————————- 37.0 38.0 1.0 0.02 —————————————————————- 38.0 39.0 1.0 0.02 —————————————————————- 39.0 40.0 1.0 0.04 —————————————————————- 40.0 41.0 1.0 0.03 —————————————————————- 41.0 42.0 1.0 0.03 —————————————————————- 42.0 43.0 1.0 0.04 —————————————————————- 43.0 44.0 1.0 0.05 —————————————————————- 44.0 45.0 1.0 0.02 —————————————————————- 45.0 46.0 1.0 0.03 —————————————————————- 46.0 47.0 1.0 0.13 —————————————————————- 47.0 48.0 1.0 0.07 —————————————————————- 48.0 49.0 1.0 0.08 —————————————————————- 49.0 50.0 1.0 0.03 —————————————————————- 50.0 51.0 1.0 0.03 —————————————————————- 51.0 52.0 1.0 0.04 —————————————————————- 52.0 53.0 1.0 0.05 —————————————————————- 53.0 54.0 1.0 0.06 —————————————————————- 54.0 55.0 1.0 0.16 —————————————————————- 55.0 56.0 1.0 0.09 —————————————————————- 56.0 57.0 1.0 0.09 —————————————————————- 57.0 58.0 1.0 0.11 —————————————————————- 58.0 59.0 1.0 0.12 —————————————————————- 59.0 60.0 1.0 0.11 —————————————————————- 60.0 61.0 1.0 0.08 —————————————————————- 61.0 62.0 1.0 0.08 —————————————————————- 62.0 63.0 1.0 0.06 —————————————————————- 63.0 64.0 1.0 0.09 —————————————————————- 64.0 65.0 1.0 0.10 —————————————————————- 65.0 66.0 1.0 0.20 —————————————————————- 66.0 67.0 1.0 0.21 —————————————————————- 67.0 68.0 1.0 0.29 —————————————————————- 68.0 69.0 1.0 0.33 —————————————————————- 69.0 70.0 1.0 0.22 —————————————————————- 70.0 71.0 1.0 0.37 —————————————————————- 71.0 71.5 0.5 0.43 —————————————————————- 71.5 72.0 0.5 3.40 —————————————————————- 72.0 73.0 1.0 7.16 —————————————————————- 73.0 74.0 1.0 7.88 —————————————————————- 74.0 75.3 1.3 2.92 —————————————————————- 75.3 76.0 0.7 1.50 —————————————————————- 76.0 77.0 1.0 3.11 —————————————————————- 77.0 78.0 1.0 0.51 —————————————————————- 78.0 79.0 1.0 1.23 —————————————————————- 79.0 80.0 1.0 9.03 —————————————————————- 80.0 81.0 1.0 4.83 —————————————————————- 81.0 81.4 0.4 Not sampled —————————————————————- 81.4 82.0 0.6 7.65 —————————————————————- 82.0 83.0 1.0 3.31 —————————————————————- 83.0 84.0 1.0 0.74 —————————————————————- 84.0 85.0 1.0 3.66 —————————————————————- 85.0 86.0 1.0 2.42 —————————————————————- 86.0 87.0 1.0 3.27 —————————————————————- 87.0 87.5 0.5 2.12 —————————————————————- 87.5 88.0 0.5 0.18 —————————————————————- 88.0 89.0 1.0 0.49 —————————————————————- 89.0 90.0 1.0 1.92 —————————————————————- 90.0 91.0 1.0 7.75 —————————————————————- 91.0 92.0 1.0 3.35 —————————————————————- 92.0 93.0 1.0 0.68 —————————————————————- 93.0 93.7 0.7 0.37 —————————————————————- 94.0 95.0 1.0 0.30 —————————————————————- 95.0 96.0 1.0 0.43 —————————————————————- 96.0 97.0 1.0 0.37 —————————————————————- 97.0 98.0 1.0 0.43 —————————————————————- 98.0 99.0 1.0 0.39 —————————————————————- 99.0 100.0 1.0 0.32 —————————————————————- 100.0 101.0 1.0 0.39 —————————————————————- 101.0 102.0 1.0 0.28 —————————————————————- 102.0 103.0 1.0 0.32 —————————————————————- 103.0 104.0 1.0 0.14 —————————————————————- 104.0 105.0 1.0 0.19 —————————————————————- 105.0 106.0 1.0 0.09 —————————————————————- 106.0 107.0 1.0 0.29 —————————————————————- 107.0 108.0 1.0 0.32 —————————————————————- 108.0 109.0 1.0 0.23 —————————————————————- 109.0 110.0 1.0 0.15 —————————————————————- 109.0 110.0 1.0 0.04 —————————————————————- 110.0 111.0 1.0 0.09 —————————————————————- 111.0 112.0 1.0 0.11 —————————————————————- 112.0 113.0 1.0 0.13 —————————————————————- 113.0 114.0 1.0 0.12 —————————————————————- 113.0 114.0 1.0 0.05 —————————————————————- 114.0 115.0 1.0 0.07 —————————————————————- 115.0 116.0 1.0 0.02 —————————————————————-

%SEDAR: 00026749E

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

Source: Volta Resources Inc.

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