Volta Announces Positive Results From Initial Metallurgical Test Work Undertaken at its Kiaka Gold Project in Burkina Faso

Overall Recoveries of >90%, Including Gravity, Expected -

TORONTO, November 22, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) is pleased to
announce that recent metallurgical tests undertaken by SGS South Africa (Pty)
Limited ("SGS") indicate that between 40% and 55% of gold at the Kiaka
Project should be recoverable by gravity separation in less than 3% of the
mass. SGS concludes that overall recoveries of >90% could be expected from a
fairly standard process route that includes crushing, milling (to 50% passing
75 micron), gravity concentration with intensive cyanidation of the
concentrate, finer milling of the gravity tailings followed by CIL treatment.
The Company also commissioned a 60 day column heap leach trial on high grade
and low grade bulk samples which indicated overall gold extraction by heap
leaching of 51.5% and 55.9% respectively.

Kevin Bullock, CEO of Volta said, "We are encouraged by the results
obtained from testing the amenability of the Kiaka ores to gravity
separation. The combination of recoveries of up to 55% of the gold upfront in
a gravity circuit and the gravity tails proving amenable to direct
cyanidation, point to overall recoveries in excess of 90% for both high and
low grade ores at Kiaka. The relatively lower dissolution attained in the
column heap leach trials will mean that we will now focus our further efforts
in discerning an appropriate process route that will comprise optimized
comminution, gravity separation and conventional CIL components for Kiaka."

Volta shipped two bulk (each greater than 300 kg) samples to SGS
laboratories in Johannesburg, South Africa in order to undertake gold
deportment and dissolution test work for ores from the Company's Kiaka Gold
Deposit in Burkina Faso. The two bulk samples comprised selected quarter core
samples from four exploration boreholes which were composited to each be
representative of high grade and low grade portions of the deposit. To
homogenize, SGS crushed each bulk sample to <20mm size, blended and then
split into representative sub-samples as required by the test program.

Gravity concentration and CIL treatment of gravity tailings

To determine the Kiaka ores' amenability to gravity separation two ~8 kg
sub-samples of each bulk sample were split from the bulk samples. The
sub-samples were milled to a target grind of 50% passing 75 micron. Assayed
head grades (50g fire assay) for the high grade and low grade samples
averaged 2.12 g/t Au and 0.63 g/t Au, respectively. These were then subjected
to gravity separation by Falcon Gravity Separator to yield gravity tails and
concentrates as detailed in the table below. Approximately 39% and 54% of the
gold reported to the gravity concentrate from a mass pull under 3% for both
the high grade and low grade samples, respectively.

    Gravity Separation           Mass (g) Mass %    Au Grade Au Distribution
                                                    g/t      %

    High     Gravity Tails       7,948.11  97.22        1.65      60.66
    Grade
             Gravity Concentrate   227.39   2.78       37.40      39.34
             Head                8,175.50 100.00        2.64     100.00
    Low      Gravity Tails       8,009.94  97.53        0.39      46.20
    Grade
             Gravity Concentrate   203.22   2.47       17.90      53.80
             Head                8,213.06 100.00        0.82     100.00

Note that the calculated head grades of 2.64 g/t and 0.82 g/t for the
high grade and low grade samples, respectively are significantly higher than
the assayed head grades of 2.12 g/t and 0.63 g/t for these same samples. The
discrepancy is probably due to a nugget effect caused by sporadic larger gold
grains that are more likely to be included in the larger 8kg sample than the
50g sample used for deriving the fire assay head grade.

Diagnostic leach analysis of representative sub-samples of the gravity
tailings was then undertaken. This entailed milling the material to a target
grind of 80% passing 75 micron and then following sequential solubilizing of
the least-stable minerals via various pre-treatments.

    Sequential              High Grade                Low Grade
    Treatment of
    Gravity Tailings
                        Au g/t Cum. Au Distrib. % Au g/t    Cum. Au Distrib.
                                                            %
    Direct Cyanidation  2.273   85.36              0.35      66.38
    Cyanidation CIL     0.003   85.47              0.06      78.18
    proxy
    HCL digestion       0.199   92.94              0.04      86.54
    HNO3 digestion      0.006   93.20              0.01      88.84
    Carbon Assoc.       0.034   94.46              0.02      92.04
    Occluded in Quartz  0.148  100.00              0.04     100.00
    TOTAL               2.663  100.00              0.52     100.00

Reagent consumption for the cyanidation tests of the high grade and low
grade gravity tailings were 1.66 kg/t NaCN and 1.08 kg/t NaCN and 0.70 kg/t
CaO and 0.63 kg/t CaO, respectively.

SGS concludes that overall recoveries of >90% could be expected from a
fairly standard process route that includes crushing, milling (to 50% passing
75 micron), gravity concentration with intensive cyanidation of the
concentrate, finer milling of the gravity tailings followed by CIL treatment.

Heap Leach Trials

Four representative sub-samples of each of the high grade and low grade
bulk samples were split and crushed to 6mm, 8mm, 10mm and 12mm screen sizes.
Simulated heap leach tests were undertaken on the 8 samples in order to
ascertain the optimal crush size to use for column leach test work. This
entailed bottle rolling each sample for 7 days in excess leach conditions.
The results are summarized in the following table.

    Parameter                High Grade              Low Grade
                       6mm   8mm    10mm  12mm   6mm   8mm  10mm  12mm
    Solution Grade     1.74  1.45   1.24  1.36  0.40  0.35  0.34  0.38
    g/t
    Residue Grade g/t  0.86  0.59   1.79  1.68  0.30  0.26  0.31  0.36
    Calc. Head Grade   2.60  2.04   3.03  3.04  0.70  0.61  0.65  0.74
    g/t
    Assay Head Grade   2.51  2.22   2.94  3.26  0.69  0.59  0.70  0.76
    g/t
    Accountability %  103.7  91.8  103.0  93.4 102.8 102.5 93.54  98.6
    Au % Extraction   66.95 71.06  40.87 44.73 57.40 57.02 52.32 51.63
    based on Calc
    Head Grade
    NaCN Consumption   4.01  4.01   4.36  4.16  4.42  4.39  4.27  4.36
    kg/t
    CaO Consumption    0.34  0.31   0.40  0.12  0.09  0.10  0.02  0.22
    kg/t

The simulated heap leach tests revealed that the best gold dissolution
was achieved for the 6mm top size fraction with 66.95% for the high grade
sample and 57.40% for the low grade sample. These tests show that gold
dissolution can be vastly improved by increasing the fineness of the ore
presented for simulated heap leaching.

Volta also commissioned a column heap leach test on each of the low grade
and high grade samples. An amount of ~80 kg of the <6mm material was split
from each bulk sample. Head grade analyses was undertaken in duplicate for
each sample, returning average grades of 2.51 g/t and 0.69 g/t for the high
grade and low grade samples, respectively. The material was placed in a 190mm
diameter column, simulating a heap height of 4.0m. A leach solution
containing cyanide (NaCN) and lime (CaO) was then pumped into the column at a
rate of 10th/m2. After saturation of the column, approximately 4,200 ml of
pregnant solution was collected from the columns every 24 hours and analyzed
for gold, NaCN and CaO concentrations for a period of 60 days. A summary of
the overall gold extraction is provided in the following table.

    Sample     Au % Extraction Reagent Consumption
               Based on calc   NaCN     CaO
               head grade
    High Grade 51.47           2.83     1.95
    Low Grade  55.89           2.88     1.98

After leaching, the ore beds were washed with water for 4 days at the
same rate as the leach solution and then allowed to drain. A profile analysis
of the solids contained in the columns was then carried out (top, middle and
bottom). This was followed by 48 hour batch dissolution tests (CIL) on the
profile sub-samples of the heap leach column tails, which were subjected to
milling to a target grind of 80% passing 75 micron. The average results for
top, middle and bottom samples from the column tail profiles are presented in
the following table.

    Sample    Column Tails       Residue Carbon Reagent Consumed   Dissolution
                                                                   Au %
              Head Gold Grade

              Assay g/t Calc g/t Au g/t  Au g/t NaCN kg/t CaO kg/t (on calc
                                                                   head)
    High      1.18      1.22     0.15   35.67   2.62      0.05     87.52
    Grade
    Low Grade 0.36      0.37     0.06    8.39   2.50      0.05     83.11

The column leach test results point to a process route that is unlikely
to include a heap leaching component at this stage.

The work described above was undertaken under the guidance of Johan
O'Connel, Operations Manager for the Metallurgy and Mineralogy Division at
SGS South Africa (Pty) Limited in Johannesburg, South Africa. Under the
guidelines of National Instrument 43-101, the qualified person for the Kiaka
Gold 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 currently fast-tracking its flagship Kiaka
Gold Project, located in Burkina Faso, towards a development decision.

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
    Email:kbullock@voltaresources.com

    or

    Andreas Curkovic, Investor Relations
    +1(416)577-9927

For further information, please contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1(647)388-1842, Email:kbullock at voltaresources.com; or, Andreas Curkovic, Investor Relations
+1(416)577-9927