Volta Receives Proceeds of $3,291,928 from the Exercise of Warrants Held by International Finance Corporation (Member of the World Bank Group) and Randgold Resources

TORONTO, June 11, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces that
it has received the proceeds from the acceleration of certain warrants held
by International Finance Corporation ("IFC") (a member of the World Bank
Group), and Randgold Resources ("Randgold"), as per the terms of a previous
financing agreement (See Volta press release dated March 22, 2010). On May
12th, 2010, the 15 day volume weighted average ("VWAP") of Volta's common
stock surpassed $1.55 per share, triggering the acceleration of the warrants.
IFC and Randgold elected to exercise their 2,702,702 warrants, and 493,345
respectively, at the agreed exercise price of $1.03 per warrant thereby
generating gross proceeds of $3,291,928 to the Company.

Kevin Bullock, Volta's CEO, said, "We are happy to see this additional
vote of confidence. Volta is well funded to aggressively explore Kiaka where
we will be issuing a maiden NI 43-101 resource statement prior to the end of
this month."

On March 22, 2010 IFC invested C$4 million to acquire 5,405,405 million
Volta units ("Units") at a price of C$0.74 per Unit. Each Unit consisted of
one common share of the Company and one half of a share purchase warrant.
Each full share purchase warrant was exercisable into one common share of the
Company at an exercise price of C$1.03 at any time up to March 23, 2015 (the
"warrant exercise period"). The expiry date of the warrants would be
accelerated if at any time during the warrant exercise period, the 15-day
VWAP of Volta's shares exceeded C$1.55.

Pursuant to an agreement for the purchase and sale of the Kiaka License
between Randgold and the Company announced November 13, 2009, Randgold had
the right to participate pro-rata in all pre-emptive and non pre-emptive
equity issues made by the Company, provided at the time of such issue
Randgold held a minimum of 15 per cent of the total issued and outstanding
shares in the capital of the Company (the "Pre-Emptive Right"). Randgold
exercised this right on March 29, 2010 and invested C$730,151 to acquire
986,691 Volta units under the same terms as the IFC investment.

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, Fax: +1-416-867-2298, Email:
kbullock@voltaresources.com; Andreas Curkovic, Investor Relations,
+1-416-577-9927.

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; Andreas Curkovic, Investor Relations, +1-416-577-9927.