Volta Resources Closes Private Placement by Randgold Resources Limited

TORONTO, March 29, 2010 - Volta Resources Inc. ("Volta" or the "Company")(TSX:VTR) announces
that the Company has closed a private placement with Randgold Resources
Limited ("Randgold").

Pursuant to the agreement for the purchase and sale of the Kiaka
Licence between Randgold and the Company announced November 13, 2009,
Randgold has 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 holds a minimum of 15 per cent of the total
issued and outstanding shares in the capital of the Company (the "Pre-
Emptive Right").

Following the investment in the Company (the "IFC Investment") by
the International Finance Corporation (the "IFC) announced March 22,
2010, Randgold has exercised its Pre-Emptive Right and invested
C$730,151 to acquire 986,691 Volta units ("Units") at a price of C$0.74
per Unit. Each Unit consists of one common share of the Company and one
half of a share purchase warrant. Each full share purchase warrant is
exercisable into one common share of the Company at an exercise price of
C$1.03 at any time up to March 26, 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 volume weighted average
price ("VWAP") of Volta's shares exceeds C$1.55.

The proceeds from the Randgold investments will be used for general
corporate and working capital purposes. Randgold owns 19.99% of the
issued and outstanding shares of Volta Resources following this
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 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.

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

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