Update on Volta's Ghana Properties in the Vicinity of the Bui Dam

By Volta Resources Inc., PRNE
Wednesday, March 24, 2010

TORONTO, March 25, 2010 - TSX: VTR

Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announces
that, further to its press release issued July 21, 2009 relating to the
Company's properties on the Bui Belt in Ghana, the Company has received
correspondence and has been verbally informed by the Environmental
Protection Agency ("EPA") of Ghana that no Ghanaian Environmental Permits
for Mineral Exploration ("EPA Permits") will be renewed for the Company's
Akrobi Kakum, Brohani, Chenchu, Cluster, Krachikrom, Parabu, Kuri and Tinga
Prospecting Licenses and its Kalebu Reconnaissance License (the "Contested
Licenses") as they are considered by the EPA to lie within an area of
influence of the Bui Dam, which is currently under construction and the EPA
consider that potential exploitation of a mineral resource may impact the
structural integrity of the dam.

The Company has suspended exploration activities on the Contested
Licenses and given the uncertainty of the current situation, the Company
has determined to write down the value of the Contested Licenses to a
nominal valuation. As a result, a write down of their value in the amount
of $15,238,676 has been recorded in the records of the Company for the year
ended December 31, 2009.

The Company continues its efforts to secure the renewal of its EPA
Permits from the EPA in Ghana. Despite meetings and correspondence with
government officials and repeated requests for formal explanations for the
refusal to grant the EPA Permits, the Company has not been provided with
any technical justification for withholding the renewal of the EPA Permits.
The Company has met all of the requirements and conditions pertaining to
the renewal of these EPA Permits and therefore believes it is in full
compliance. All other statutory conditions required to maintain the
prospecting licenses in good standing have also been met.

The Company intends to give notice to the Ghanaian Minister of the
Environment, Science and Technology that it will be filing a grievance and
will continue to evaluate further actions and remedies that may be available.

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.

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-(647)-388-1842, 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-(647)-388-1842, Fax: +1-(416)-867-2298, Email: kbullock at voltaresources.com

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