Volta Closes Transaction on the Advanced Kiaka Gold Project in Burkina Faso With Randgold Resources

Volta to Immediately Commence an Aggressive 22,000 Metre Drilling Campaign

TORONTO, November 13 - TSX: VTR

Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announced
today that it has received shareholder approval for the Kiaka gold project
transaction (the "Acquisition") as well as the previously announced
"bought deal" private placement (see Volta news release dated October 21,
2009). As a result, Volta today has completed the Acquisition. The Kiaka
exploration permit covers an area of 244km2 and is located approximately
120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso
(see Figure 1).

The purchase price consisted of cash consideration of $4,000,000 and
20,000,000 common shares of Volta to be paid and issued, as applicable,
over a period of 24 months following closing as follows: (a) 20,000,000
common shares on closing; (b) $1,000,000 cash on the dates that are 6, 12,
18 and 24 months following the Closing Date. All of the shares have been
placed in escrow pending proof of recordation of the licence comprising the
Kiaka Gold Project into Volta's name.

Volta plans an aggressive drilling program consisting of more than 150
holes for a total of approximately 22,000 metres (see Figure 2). The program
has been designed in consultation with SRK (UK) Ltd. in order to achieve the
optimal hole placements to finalize a National Instrument 43-101
("NI43-101") compliant resource at the conclusion of this $4,000,000
program. West African Drilling Services ("WADS") have been selected to
undertake the drilling, which will commence within the next week.

Kevin Bullock, Volta's President and CEO, said, "The acquisition of the
advanced Kiaka gold project is Volta's most important development to date.
We will now aggressively explore the Kiaka deposit in order to move the
project toward a development decision in the shortest possible timeframe.
To facilitate this, a NI43-101 compliant resource estimate is planned to be
completed by the end of the second quarter of 2010. We are also delighted to
now have Randgold, one of the world's fastest growing gold miners, as a major
shareholder in Volta."

Diamond and RC drilling previously undertaken by Randgold on sections
spaced from 80m to 400m apart, has already defined two significant
mineralized zones; the Kiaka Main Zone (KMZ) and the Kiaka Hangingwall South
Zone (KHZ). The KMZ is a 2,800 metre long, steeply dipping, NE striking
mineralized dilation structure with numerous intersections exceeding 100m
at (greater than)1g/t. Significantly, there are discrete higher grade zones
within this well mineralized envelope that are associated with more intense
deformation and alteration, which suggests good continuity. The KHZ is a 650
meter long N to NE striking mineralized structure, which is generally
narrower but higher grade than the KMZ. Some of the better intersections
from these two zones are:

            172.0 metres (at) 1.32 g/t gold from 46.0 metres depth
            122.0 metres (at) 2.00 g/t gold from 147.0 metres depth
                  82.0 metres (at) 1.55 g/t gold from surface
            208.0 metres (at) 1.46 g/t gold from 30.0 metres depth
            45.0 metres (at) 2.62 g/t gold from 114.0 metres depth
            70.0 metres (at) 1.12 g/t gold from 191.0 metres depth

All analyses undertaken for Randgold were by fire assay on a 50g charge
at SGS Laboratories in Ouagadougou or SGS Laboratories at the Morila mine in
Mali. Randgold employed a QA/QC procedure that included the insertion of
certified standards. Volta and SRK have reviewed the QA/QC procedures on site
and assessed the resultant data and found the results do conform to industry
best practice. Intervals are based on drill hole length and true width is
unknown at this time. Intersections are based on a 0.5 g/t Au cut-off with no
top cut applied. Internal dilution (less than 0.5 g/t Au) has been carried to
a maximum of 5m, except for mineralized intervals of 50m or more where
dilution has been carried to 6m (KDH05, KDH11, KDH14, KRC03, KRC06 and KRC07)
and to 8m in KDH15. All drilling has been undertaken by Randgold but Volta
did undertake independent check analyses on all the samples from three of
the Randgold holes during the due diligence phase, confirming the accuracy
and precision of the original Randgold assay results.

The Kiaka gold project lies at the intersection of the northeast
striking Tenkodogo greenstone belt and the regionally significant north
striking Markoye Fault, in whose proximity some of the larger gold
resources discovered in Burkina Faso so far, have been discovered. These
include Iamgold's Essakane deposit (5.1 M oz), High River Gold's Taparko
deposit (1.7 M oz), Orezone's Bombore deposit (2.1 M oz) and Etruscan's
Youga deposit (1.5 M oz) (see Figure 1).

Randgold has spent in excess of US$6 million undertaking extensive
exploration on the permit since 2004, including mapping, ground geophysics,
soil sampling, pitting, trenching, RAB drilling, RC drilling and diamond
drilling. Randgold has undertaken petrograhic work to study gold deportment.
The gold is located on grain margins and is not occluded within sulphides and
is therefore unlikely to be refractory. There are also no preg-robbing
components. Some preliminary CIL/bottle roll metallurgical test work was also
undertaken. The results indicate encouraging recoveries ranging from 80% to
98%, with the majority of the samples returning (greater than) 90% recovery.

There are several other mineralized upside targets identified by soil
sampling, pitting and RAB drilling within the immediate proximity of KMZ and
KHZ, as well as 5 regional targets, that lie within analogous mineralized
environments to the Kiaka Main area, within the property. These targets
represent significant additional upside on the property that remain to be
tested in future drilling programs.

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 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 Figure 1 please visit the following URL:
     files.newswire.ca/407/Volta_Project_Fig1.jpg

     To view Figure 2 please visit the following URL:
     files.newswire.ca/407/Kiaka_Proposal_Fig2.jpg

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