Volta Reports 216.15m @ 0.99 g/t Gold, Including 12.0m @ 2.07 g/t Gold at its Kiaka Gold Project in Burkina Faso

By Volta Resources Inc., PRNE
Monday, May 23, 2011

TORONTO, May 24, 2011 -

Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the
drill results from the next completed section from its on-going drilling
program comprising more than 250 holes for approximately 50,000 meters in the
Central Area at its Kiaka Gold Project in Burkina Faso (see News Release of
22 September 2010).

Results have been received to date for 5 holes located on Section 5600N,
respectively some 25m of previous released section 5575N (see News Release of
April 20th 2011). Section 5600N had been tested during the previous drilling
campaign by 7 holes (see News Release of April 21st 2010), which previously
focused on the Main Zone (KMZ). The highlights from current drilling on this
section include:

- KDH212: 131.95m @ 0.77 g/t Au, including 19.0m @ 1.62 g/t Au

- KDH214: 216.15m @ 0.99 g/t Au, including 12.0m @ 2.07 g/t Au AND 10.0m
@ 1.62 g/t Au

- KRD215: 13.00m @ 1.07 g/t Au, including 5.0m @ 2.11 g/t Au AND 11.6m @
3.32 g/t Au

- KRD218: 43.00m @ 0.74 g/t Au, including 11.0m @ 1.14 g/t Au

Kevin Bullock, Volta's CEO, said, "We continue to demonstrate notable
mineralization at historically unprecedented depths. Working conditions at
Kiaka have always been productive and positive and we are on track to release
our new updated and expanded resource estimate by the end of June. We will
then aggressively move Kiaka to economic studies."

Holes KDH212 and KDH214 of the current campaign have extended the deposit
down to vertical depth exceeding 400m. Holes KRD215, KRD218 and KRD221 have
intersected a series of parallel mineralized shears in the Hanging Wall Zone

Results for the holes are highlighted in Table 1 and in Figure 2.
Analyses of the Volta samples were undertaken by fire assay on a 50g charge
at ALS Chemex Laboratories in Ouagadougou. Volta's sampling and assay
procedures included QA/QC elements that employed the inclusion of certified
standards and blanks.

Table 1: Highlights of gold intersections for Sections 5600N.

     BHID  FROM (m) TO (m) INTERVAL (m) Au (g/t)    COMMENTS/REMARKS
    KDH212    72.20   76.00         3.80     1.29
    AND      194.00  220.00        26.00     0.64
    AND      231.00  260.00        29.00     0.86
     INCL.   232.00  240.80         8.80     1.31
     INCL.   247.00  252.00         5.00     1.26
    AND      271.00  362.00        91.00     0.87
     INCL.   298.00  305.00         7.00     1.41
     INCL.   328.00  360.00        32.00     1.20
    AND      368.80  500.75       131.95     0.77 ENDED IN MINERALIZATION
     INCL.   388.00  396.20         8.20     1.24
     INCL.   398.30  404.00         5.70     1.89
     INCL.   433.00  452.00        19.00     1.62
     INCL.   488.00  492.00         4.00     1.59
    KDH214    28.00   48.00        20.00     0.80
     INCL.    39.00   44.00         5.00     1.12
    AND      131.00  135.00         4.00     1.16
    AND      154.00  180.00        26.00     0.68
     INCL.   166.00  172.00         6.00     1.59
    AND      189.00  405.15       216.15     0.99
     INCL.   208.00  223.00        15.00     1.22
     INCL.   226.00  241.00        15.00     1.58
     INCL.   246.00  258.00        12.00     2.07
     INCL.   269.00  281.00        12.00     1.36
     INCL.   285.00  300.00        15.00     1.17
     INCL.   302.60  311.00         8.40     1.61
     INCL.   336.00  343.00         7.00     0.91
     INCL.   354.00  364.00        10.00     1.62
     INCL.   367.00  385.00        18.00     1.39
     INCL.   394.00  405.15        11.15     1.19
    KRD215    13.00   26.00        13.00     1.07
    INCL..    15.00   20.00         5.00     2.11
    AND       61.20   72.80        11.60     3.32 71.0-72.0m : 34.1g/t Au
    AND       91.00  102.05        11.05     0.82 ENDED IN MINERALIZATION
    INCL..    99.00  102.05         3.05     1.64
    KRD218     3.00   22.00        19.00     0.64
     INCL.     6.00   12.00         6.00     1.05
    AND       64.00  107.00        43.00     0.74
     INCL.    77.00   88.00        11.00     1.41
    AND      123.00  150.15        27.15     0.62 ENDED IN MINERALIZATION
    KRD221   166.90  185.00        18.10     0.51
     INCL.   176.00  180.00         4.00     1.34

Notes on Table 1:

1) Intervals are core length. True width is unknown at this time.

2) Intersections are based on a 0.3 g/t gold cut-off with maximum
internal dilution (MID) of 5m for the lower grade mineralization envelope,
except for holes KDH212 (368.80-500.75m intercept) and KRD218
(123.00-150.15m intercept) where it has been increased to 6m. 3) In order to
highlight the continuity of the high grade zone, a 0.8 g/t gold cut-off with
maximum internal dilution of 2m has been used. 4) No top cut has been

5) The intersections listed in the table represent sections of at least
3m in excess of 1g/t Au and/or sections of at least 10m in excess of 0.5g/t

6) The intersections represent sections drilled by reverse circulation
(RC) and/or cored drilling (see Table 2). 7) The RC portions of the drill
holes were sampled at 1m intervals. Dry samples were riffle-split to provide
2 kg samples sent to the laboratory. Wet samples were dried in the field,
then riffle-split in the same way. The cored portion of the drill holes were
sampled at one meter intervals and cut in half using a diamond saw. Half-core
is archived at the core storage facility on site while the other half was
sent to the laboratory. 8) Samples were sent to ALS Chemex in Ouagadougou for
standard preparation followed by Fire Assay on a 50g charge. 9) Certified
standards were inserted every 15 samples, field duplicates (in the RC
portions) about every 20 and blanks about every 30 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

TABLE 2: Collar coordinates and orientation parameters for boreholes on
Section 5600N

    Hole ID Easting Northing Elevation Depth     Dip     Azimuth   RC     DD
                                (m)     (m)   (degrees) (degrees)  (m)   (m)
    KDH212  739666  1289444       265 500.75    -60       315     0.00 500.75
    KDH214  739424  1289694       271 451.20    -60       135     0.00 451.20
    KRD215  739388  1289729       271 102.05    -55       135    55.85  46.20
    KRD218  739353  1289762       272 150.15    -55       315    36.00 114.15
    KRD221  739316  1289798       275 201.30    -55       135    48.00 153.30

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, toward 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.

Click here for Figure 1: Location of Holes drilled on Section 5600N at
Kiaka Central Area and Figure 2 : Section 5600N:


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
    Tel: +1(416)577-9927


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